Business, Management and Accounting
4 years ago

Islamic finance reshapes infrastructure development, tackling time-overrun issues and promoting sustainability.

1 view
Palgrave studies in Islamic banking, finance, and economics
Islamic Versus Conventional Infrastructure Project Finance vis-à-vis Time-Overrun Issues
Amadou Thierno Diallo, Ahmet Şuayb Gündoğdu

Paper Summary

Islamic finance in infrastructure projects promotes fairness and responsible financing. It corrects imbalances in conventional finance contracts, benefiting lenders. However, this can lead to delays in project completion. Islamic Istisna contracts hold banks accountable for assets post-project, encouraging environmental and social safeguards.

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