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Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani.

One of the basic needs of developing countries is the economic infrastructure that is the basis of growth and development in other sectors of the economy. The lack of proper response to financing needs in this sector will result in economic development that faces major challenges anddifficulties. De...

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Main Authors: Manzoor, Davood, Karimirizi, Majid, Mostafavisani, Ali
Format: Article
Language:English
Published: Universiti Teknologi Mara Selangor 2017
Subjects:
Investment, capital formation, speculation
Securities. Fixed-income securities
Bonds
Online Access:http://ir.uitm.edu.my/id/eprint/32225/1/AJ_DAVOOD%20MANZOOR%20JEEIR%20B%2017.pdf
http://ir.uitm.edu.my/id/eprint/32225/
http://www.jeeir.com/v2/index.php/35-current/2017/vol-5-no-3-2017/166-financing-infra-projects-istisna-sukuk
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spelling my.uitm.ir.322252020-07-14T04:45:16Z http://ir.uitm.edu.my/id/eprint/32225/ Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani. Manzoor, Davood Karimirizi, Majid Mostafavisani, Ali Investment, capital formation, speculation Securities. Fixed-income securities Bonds One of the basic needs of developing countries is the economic infrastructure that is the basis of growth and development in other sectors of the economy. The lack of proper response to financing needs in this sector will result in economic development that faces major challenges anddifficulties. Designing an optimal solution to financing these types of projects is thus, a fundamental need. These projects have two main characteristics that should be considered in the financing method. The first is long-term period to constructing and the second is the high cost of implementation. The use of Islamic financial innovations based on Islamic contracts can meet many of these needs.States in developing countries have so far preferred to raise fund based on debt, ignoring the fact that this kind of financing and choice of method will cause many problems for the economy. Financial crises and economic stability, creating a leverage in the economy, budget deficit, inflation and the distribution of risk among economic agents are the issues that affect the structures and models of financing. Istisna Sukuk has the potential to be used for infrastructure project financing and can be combined with other contracts, including Ijarah and Musharakah, for these types of projects. In this paper, various models are presented and examined to show that by adapting the financial flows of state-owned projects with real economy, especially in the field of infrastructure, the macroeconomic imbalances can be avoided. This is most relevant in the "Istisna-Musharakah-Stock" model. Universiti Teknologi Mara Selangor 2017-09 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/32225/1/AJ_DAVOOD%20MANZOOR%20JEEIR%20B%2017.pdf Manzoor, Davood and Karimirizi, Majid and Mostafavisani, Ali (2017) Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani. Journal of Emerging Economies & Islamic Research, 5 (3). pp. 1-13. ISSN 2289-2559 http://www.jeeir.com/v2/index.php/35-current/2017/vol-5-no-3-2017/166-financing-infra-projects-istisna-sukuk
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Investment, capital formation, speculation
Securities. Fixed-income securities
Bonds
spellingShingle Investment, capital formation, speculation
Securities. Fixed-income securities
Bonds
Manzoor, Davood
Karimirizi, Majid
Mostafavisani, Ali
Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani.
description One of the basic needs of developing countries is the economic infrastructure that is the basis of growth and development in other sectors of the economy. The lack of proper response to financing needs in this sector will result in economic development that faces major challenges anddifficulties. Designing an optimal solution to financing these types of projects is thus, a fundamental need. These projects have two main characteristics that should be considered in the financing method. The first is long-term period to constructing and the second is the high cost of implementation. The use of Islamic financial innovations based on Islamic contracts can meet many of these needs.States in developing countries have so far preferred to raise fund based on debt, ignoring the fact that this kind of financing and choice of method will cause many problems for the economy. Financial crises and economic stability, creating a leverage in the economy, budget deficit, inflation and the distribution of risk among economic agents are the issues that affect the structures and models of financing. Istisna Sukuk has the potential to be used for infrastructure project financing and can be combined with other contracts, including Ijarah and Musharakah, for these types of projects. In this paper, various models are presented and examined to show that by adapting the financial flows of state-owned projects with real economy, especially in the field of infrastructure, the macroeconomic imbalances can be avoided. This is most relevant in the "Istisna-Musharakah-Stock" model.
format Article
author Manzoor, Davood
Karimirizi, Majid
Mostafavisani, Ali
author_facet Manzoor, Davood
Karimirizi, Majid
Mostafavisani, Ali
author_sort Manzoor, Davood
title Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani.
title_short Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani.
title_full Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani.
title_fullStr Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani.
title_full_unstemmed Financing infrastructure projects based on risk sharing model: Istisna sukuk / Davood Manzoor, Majid Karimirizi and Ali Mostafavisani.
title_sort financing infrastructure projects based on risk sharing model: istisna sukuk / davood manzoor, majid karimirizi and ali mostafavisani.
publisher Universiti Teknologi Mara Selangor
publishDate 2017
url http://ir.uitm.edu.my/id/eprint/32225/1/AJ_DAVOOD%20MANZOOR%20JEEIR%20B%2017.pdf
http://ir.uitm.edu.my/id/eprint/32225/
http://www.jeeir.com/v2/index.php/35-current/2017/vol-5-no-3-2017/166-financing-infra-projects-istisna-sukuk
_version_ 1685650896825876480
score 13.211869

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