Trends and Implications of Islamic Project Finance: A Study on the GCC Region

Kwon Hyung Lee () and Sung Hyun Son ()
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Kwon Hyung Lee: Korea Institute for International Economic Policy
Sung Hyun Son: Korea Institute for International Economic Policy

No 13-24, World Economy Brief from Korea Institute for International Economic Policy

Abstract: The Islamic finance industry, which is based on Sharia, has been growing at a relatively fast pace despite the 2008 global financial crisis. Project finance in the Middle Eastern construction market is witnessing a growing inflow of financial procurement through Islamic finance. In order to expand the number of construction projects in the Middle East and reinforce financing capacity to this end, Korea should focus more attention on the Islamic finance industry and Islamic project finance. This paper takes a look at trends in Islamic project finance, mainly in the GCC region, and seeks policy implications for Korea.

Keywords: Islamic Finance; Islamic Project Finance; GCC (search for similar items in EconPapers)
Pages: 6 pages
Date: 2013-05-31
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