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dc.contributor.authorWest, Jason
dc.date.accessioned2017-05-03T16:02:26Z
dc.date.available2017-05-03T16:02:26Z
dc.date.issued2012
dc.date.modified2013-08-20T00:46:10Z
dc.identifier.issn15519783
dc.identifier.urihttp://hdl.handle.net/10072/51859
dc.description.abstractThe investment profile and particularly the horizon of traditional debt financing for projects seldom matches the returns on assets, particularly in the resources and infrastructure sectors, where assets have a lengthy construction phase before realizing a return. This mismatch in investment duration and risk-return profile is a key weakness of the Western approach to limited-recourse borrowing under project financing conventions. The motives underlying Islamic finance differ, however, from the Western approach permittinglonger-term investments and profit-sharing arrangements,subject to the strict practice of Shariᨠlaw. This article highlights the advantages of Islamic investment practices over traditional approaches in project financing, which can potentially fill a significant gap in funding options for firms in the global resources sector.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent758278 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherInstitutional Investor
dc.publisher.placeUnited States
dc.publisher.urihttp://www.iijournals.com/doi/abs/10.3905/jsf.2012.18.3.091
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom91
dc.relation.ispartofpageto101
dc.relation.ispartofissue3
dc.relation.ispartofjournalThe Journal of Structured Finance
dc.relation.ispartofvolume18
dc.rights.retentionY
dc.subject.fieldofresearchFinance
dc.subject.fieldofresearchcode150201
dc.titleStructured Islamic Finance Options for the Resources Sector
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2012 Institutional Investor. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.date.issued2012
gro.hasfulltextFull Text
gro.griffith.authorWest, Jason


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