Alternative strategies of international financing
Joint Authors
Qahf, Mundhir
Khan, Tariq Allah
Source
International Economic Relations from Islamic Perspectives
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
1992-12-31
Country of Publication
Saudi Arabia
No. of Pages
22
Main Subjects
Financial and Accounting Sciences
English Abstract
The paper reviews current forms of external finance classifying them into Debt Creating (DC) and Non-Debt Creating (NDC) flows.
While borrowing is considered to be a major source of DC flows, major components of NDC flows are identified as foreign direct investment and official transfers.
It is argued that new forms of international investments such as production sharing, turkey projects, build operate and transfer, offsets, subcontracting, franchising, revenue sharing etc.
may be of move interest to developing Islamic countries due to their risk and profit sharing nature and non-interest character.
A review of Islamic financing technique shows that financing techniques based on profit / risk sharing will develop better linkges between servicing external finance and forign exchange earning, would be more efficient in comparison to interest-based financing techniques in terms of their effects on domestic production capacity, equitable distribution of risk and reward, and promotion of investment incentives.
The paper also reviews some recent experiences in Islamic financing and conclude that Islamic financing techniques could easily and usefully be applied in international finance.
Language
English
American Psychological Association (APA)
Qahf, Mundhir& Khan, Tariq Allah. 1992-12-31. Alternative strategies of international financing. International Economic Relations from Islamic Perspectives. , pp.207-228.Jiddah Saudi Arabia : Islamic Research and Training Institute.
https://search.emarefa.net/detail/BIM-778248
Modern Language Association (MLA)
Qahf, Mundhir& Khan, Tariq Allah. Alternative strategies of international financing. International Economic Relations from Islamic Perspectives. Jiddah Saudi Arabia : Islamic Research and Training Institute. 1992-12-31. , pp.207-228.
https://search.emarefa.net/detail/BIM-778248
American Medical Association (AMA)
Qahf, Mundhir& Khan, Tariq Allah. Alternative strategies of international financing. International Economic Relations from Islamic Perspectives. Jiddah Saudi Arabia : Islamic Research and Training Institute. 1992-12-31. , pp.207-228.
https://search.emarefa.net/detail/BIM-778248
Data Type
Book chapters
Notes
Includes bibliographical references : p. 227-228
Record ID
BIM-778248