JARKATA: Islamic finance aims to move into infrastructure, as governments and bankers plan a new organisation to handle deals and expand efforts to use sukuk for projects in majority-Muslim countries.
The asset-backed nature of Islamic finance should in theory make it ideal to build highway networks, ports and other big projects. An estimated US$800bil worth of infrastructure financing will be needed each year in Asia over the next decade, according to the Asian Development Bank.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!