Reflection on Practical Aspects of Islamic Project Finance: Implications of Partnering with or Departing from Conventional Project Finance
Article from: TDM 6 (2022), in Islamic Finance
Islam is not antagonist to market forces nor to market economy, and its attitude to international trade is positive. Profit is acceptable under Islam but there are restrictions on what a financier can do. As conventional debt market is not always able to respond to the total debt financing requirements for some projects, an increasing percentage of capital-intensive projects have been financed not just from one source of debt finance, but from two or several sources, including Islamic project finance. Expectations, that Islamic project finance offers advantages higher or ...