Islamic project finance revolutionizes infrastructure development with sharia-compliant funding.
Infrastructure is crucial for a country's economic growth. Investing in infrastructure can boost the economy. Infrastructure projects are big, long-term, and involve many people. Financing these projects is tricky because they cost a lot and take a long time. Most big projects are funded through project finance, where the project itself is used as collateral. Islamic project finance, which follows Islamic finance rules, is seen as a good way to fund infrastructure projects. This type of financing can help developing countries deal with high costs and interest rates.