Islamic finance : a promising form of financing in frastructure's projects : a proposal for a solar energy station financed by Islamic sukuk

الملخص EN

The aim of this study is to highlight the effective role of Islamic Sukuk in financing infrastructure projects especially renewable energy projects, by examining the possibility of financing a “Solar Energy Station” in Algeria.

The reason behind choosing this subject is the importance of renewable energy in the preservation of the environment and the climate on a hand, and in building a green economy from another hand.

Thus, This project will take a place in the Algerian Sahara with a capacity of 4050 MW, and will be divided into four allocations.

So, this paper will present a proposal for a solar farm at the Wilaya of Adrar with the capacity of 1350 MW financed with Islamic Sukuk.

As a result, the Algerian enormous potential for renewable energy and the nature of the Algerian community that believe in Shariah-compliant, this project would be a successful alternative for gas and oil, especially after the recent oil crisis and would certainly reduce the pressure on government budget as well.