Istisna' financing of infrastructure projects
Author
Source
Issue
Vol. 4, Issue 2 (31 Dec. 1997), pp.67-74, 8 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
1997-12-31
Country of Publication
Saudi Arabia
No. of Pages
8
Main Subjects
Abstract EN
Projects that do not generate explicit income cannot be possibly financed on a profit-sharing basis.
A suitable interest-free alternative method of financing is presented here, based on istisna‘ sale contract (commissioned or pre-ordered productio).
Various aspects of using istisna‘ as a financing tool for infrastructural projects are discussed, including: (a) the illiquidity of the resulting financial claims and its implications, (b) suitability for financial intermediaries, and (c) the possibility of indexation of the resulting financial claims and their use as a monetary policy tool.
American Psychological Association (APA)
al-Zarqa, Muhammad Anas. 1997. Istisna' financing of infrastructure projects. Islamic Economic Studies،Vol. 4, no. 2, pp.67-74.
https://search.emarefa.net/detail/BIM-207306
Modern Language Association (MLA)
al-Zarqa, Muhammad Anas. Istisna' financing of infrastructure projects. Islamic Economic Studies Vol. 4, no. 2 (Dec. 1997), pp.67-74.
https://search.emarefa.net/detail/BIM-207306
American Medical Association (AMA)
al-Zarqa, Muhammad Anas. Istisna' financing of infrastructure projects. Islamic Economic Studies. 1997. Vol. 4, no. 2, pp.67-74.
https://search.emarefa.net/detail/BIM-207306
Data Type
Journal Articles
Language
English
Notes
Includes margin notes.
Record ID
BIM-207306