‘Islamic finance can fund long-term development projects’

PUTRAJAYA, 16 Feb -- Timbalan Menteri Kewangan Datuk Johari Abdul Ghani berucap pada pelancaran Seminar Dasar Pematuhan Baru Ejen Kastam di Pusat Konvensyen Antarabangsa Putrajaya (PICC), Selasa.--fotoBERNAMA (2016) HAK CIPTA TERPELIHARA

KUALA LUMPUR: Islamic finance is well suited to bridge financing gaps in long-term infrastructure development projects, especially in less developed markets where fundings are scarce.

Deputy finance minister Datuk Johari Abdul Ghani (pic) said while the potential in Islamic financing was huge, it could meet long-term funding needs for infrastructure projects since it suited its asset-based and risk-sharing nature.