Islamic project finance

Other Title(s)

التمويل الإسلامي للمشاريع

Author

Qabbani, Maha

Source

حوار الأربعاء 1431-1432 ه (2010-2011 م)

Publisher

King Abdulaziz University Islamic Economics Institute

Publication Date

2011-12-31

Country of Publication

Saudi Arabia

No. of Pages

32

Main Subjects

Economics & Business Administration
Islamic Studies

English Abstract

As Islamic project finance develop in strength and scope, it interacts more frequently with conventional financial structures, governments, multinational enterprises and international organizations.

The emerging Islamic project finance and the international system of project finance are reshaping one another at the same time as they are transforming the world economy.

This coexistence between systems is not a simple “domestication” of burgeoning Islamic practice by western-dominated structures, but an improved series of reciprocal influences and mental adaptations that could evolve into an international process of collective learning and cooperation(2).

The last decade has witnessed a global surge in private project financing especially in infrastructure development creating major opportunities for Islamic banks and institutions.

This growth was as a result of a renewed government focus and a tremendous growing appetite for infrastructure investments.

We should not underestimate the importance of liquidity in bringing Islamic finance into the mainstream.

The potential to target capital from Islamic countries is enormous.

In addition, the pressing infrastructures needs of the Middle East and the North African region are also huge(3).

This paper aim to pull together the key elements regarding the road ahead for Islamic project finance.

Language

English

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Data Type

Book chapters

Notes

Includes bibliographical references : p. 448-449

Record ID

BIM-858058