caa a22 4500 605484139 CHVBK 20210128100434.0 cr unu---uuuuu 210128e20150801xx s 000 0 eng 10.1007/s10551-014-2201-0 doi (NATIONALLICENCE)springer-10.1007/s10551-014-2201-0 Guarantees and Profit-Sharing Contracts in Project Financing [Elektronische Daten] [M. Kabir Hassan, Issouf Soumaré] 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. Springer Science+Business Media Dordrecht, 2014 Project finance nationallicence Islamic finance nationallicence Profit-sharing contracts and financial guarantees nationallicence Kabir Hassan M. Department of Economics and Finance, University of New Orleans, 70148, New Orleans, LA, USA aut Soumaré Issouf Department of Finance & Insurance, Faculty of Business Administration, Laval University, G1K 7P4, Quebec, QC, Canada aut Journal of Business Ethics Springer Netherlands 130/1(2015-08-01), 231-249 0167-4544 130:1<231 2015 130 10551 https://doi.org/10.1007/s10551-014-2201-0 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10551-014-2201-0 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Kabir Hassan M. Department of Economics and Finance, University of New Orleans, 70148, New Orleans, LA, USA aut NATIONALLICENCE 700 1- Soumaré Issouf Department of Finance & Insurance, Faculty of Business Administration, Laval University, G1K 7P4, Quebec, QC, Canada aut NATIONALLICENCE 773 0- Journal of Business Ethics Springer Netherlands 130/1(2015-08-01), 231-249 0167-4544 130:1<231 2015 130 10551