Sharia-Compliant financing for public utility infrastructure
Paolo Pietro Biancone and
Utilities Policy, 2018, vol. 52, issue C, 88-94
Large-scale and long-term infrastructure projects can struggle to find sufficient financing. Globally, there are expanding efforts to mobilize international financial resources. This paper argues that Sharia-compliant financing represents a potential opportunity as a financial resource for public utility projects. Sharia compliance requires consistency of all transactions with Islamic financial principles. This paper describes Sharia-compliant financing principles and criteria, reviews various financing instruments, and summarizes their use in a variety of utility infrastructure projects across the globe.
Keywords: Utilities; Infrastructure financing; Sharia-compliant financing (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:52:y:2018:i:c:p:88-94
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