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Sharia-Compliant financing for public utility infrastructure

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  • Biancone, Paolo Pietro
  • Radwan, Maha

Abstract

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.

Suggested Citation

  • Biancone, Paolo Pietro & Radwan, Maha, 2018. "Sharia-Compliant financing for public utility infrastructure," Utilities Policy, Elsevier, vol. 52(C), pages 88-94.
    • Handle: RePEc:eee:juipol:v:52:y:2018:i:c:p:88-94
    DOI: 10.1016/j.jup.2018.03.006
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    References listed on IDEAS

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