Business, Management and Accounting
8 years ago

Islamic banks revolutionize project finance with interest-free investments in infrastructure.

UNLOCKING ISLAMIC FINANCE
S Khalili

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Islamic finance, based on the teachings of The Koran, prohibits the collection or payment of interest. Islamic banks share risks and rewards with customers, making them attractive for project finance. A case study of a $507 million power project financing is presented, showcasing the success of Islamic banking in infrastructure projects. Islamic banks offer long-term investment options that align with religious beliefs, making them a valuable source of project capital.