dc.contributor.author | West, Jason | |
dc.date.accessioned | 2017-05-03T16:02:26Z | |
dc.date.available | 2017-05-03T16:02:26Z | |
dc.date.issued | 2012 | |
dc.date.modified | 2013-08-20T00:46:10Z | |
dc.identifier.issn | 15519783 | |
dc.identifier.uri | http://hdl.handle.net/10072/51859 | |
dc.description.abstract | The 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.peerreviewed | Yes | |
dc.description.publicationstatus | Yes | |
dc.format.extent | 758278 bytes | |
dc.format.mimetype | application/pdf | |
dc.language | English | |
dc.language.iso | eng | |
dc.publisher | Institutional Investor | |
dc.publisher.place | United States | |
dc.publisher.uri | http://www.iijournals.com/doi/abs/10.3905/jsf.2012.18.3.091 | |
dc.relation.ispartofstudentpublication | N | |
dc.relation.ispartofpagefrom | 91 | |
dc.relation.ispartofpageto | 101 | |
dc.relation.ispartofissue | 3 | |
dc.relation.ispartofjournal | The Journal of Structured Finance | |
dc.relation.ispartofvolume | 18 | |
dc.rights.retention | Y | |
dc.subject.fieldofresearch | Finance | |
dc.subject.fieldofresearchcode | 150201 | |
dc.title | Structured Islamic Finance Options for the Resources Sector | |
dc.type | Journal article | |
dc.type.description | C1 - Articles | |
dc.type.code | C - Journal Articles | |
gro.faculty | Griffith 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.issued | 2012 | |
gro.hasfulltext | Full Text | |
gro.griffith.author | West, Jason | |