Guarantees and Profit-Sharing Contracts in Project Financing
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| 024 | 7 | 0 | |a 10.1007/s10551-014-2201-0 |2 doi |
| 035 | |a (NATIONALLICENCE)springer-10.1007/s10551-014-2201-0 | ||
| 245 | 0 | 0 | |a Guarantees and Profit-Sharing Contracts in Project Financing |h [Elektronische Daten] |c [M. Kabir Hassan, Issouf Soumaré] |
| 520 | 3 | |a This paper proposes a model to study the arrangement of Islamic project finance with the participation of the government as a provider of loan guarantees. The owner-shareholders (musharakah certificate holders) initiate a project and raise funds by issuing Islamic profit-loss sharing mudarabah certificates. The government intervenes in providing financial guarantees in order to enhance the creditworthiness and increase the mudarabah capital capacity of the project. Our work raises several policy implications related to the structuring of Islamic project finance and the participation of both government and multilateral public agencies such as the Islamic Development Bank. It provides a unifying framework for the improvement of access to funds for Islamic projects and gives a rationale for government intervention in the arrangement of these projects. | |
| 540 | |a Springer Science+Business Media Dordrecht, 2014 | ||
| 690 | 7 | |a Project finance |2 nationallicence | |
| 690 | 7 | |a Islamic finance |2 nationallicence | |
| 690 | 7 | |a Profit-sharing contracts and financial guarantees |2 nationallicence | |
| 700 | 1 | |a Kabir Hassan |D M. |u Department of Economics and Finance, University of New Orleans, 70148, New Orleans, LA, USA |4 aut | |
| 700 | 1 | |a Soumaré |D Issouf |u Department of Finance & Insurance, Faculty of Business Administration, Laval University, G1K 7P4, Quebec, QC, Canada |4 aut | |
| 773 | 0 | |t Journal of Business Ethics |d Springer Netherlands |g 130/1(2015-08-01), 231-249 |x 0167-4544 |q 130:1<231 |1 2015 |2 130 |o 10551 | |
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-014-2201-0 |q text/html |z Onlinezugriff via DOI |
| 898 | |a BK010053 |b XK010053 |c XK010000 | ||
| 900 | 7 | |a Metadata rights reserved |b Springer special CC-BY-NC licence |2 nationallicence | |
| 908 | |D 1 |a research-article |2 jats | ||
| 949 | |B NATIONALLICENCE |F NATIONALLICENCE |b NL-springer | ||
| 950 | |B NATIONALLICENCE |P 856 |E 40 |u https://doi.org/10.1007/s10551-014-2201-0 |q text/html |z Onlinezugriff via DOI | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Kabir Hassan |D M. |u Department of Economics and Finance, University of New Orleans, 70148, New Orleans, LA, USA |4 aut | ||
| 950 | |B NATIONALLICENCE |P 700 |E 1- |a Soumaré |D Issouf |u Department of Finance & Insurance, Faculty of Business Administration, Laval University, G1K 7P4, Quebec, QC, Canada |4 aut | ||
| 950 | |B NATIONALLICENCE |P 773 |E 0- |t Journal of Business Ethics |d Springer Netherlands |g 130/1(2015-08-01), 231-249 |x 0167-4544 |q 130:1<231 |1 2015 |2 130 |o 10551 | ||