Ins And Outs Of Islamic Project Finance

Law360, New York (August 30, 2012, 12:49 PM EDT) -- Islamic finance consists of various financing structures which are compliant with Shari’ah law, the legal and moral system which guides observant Muslims. Islamic financing of international projects began in the early 1990s. Since then, it has rapidly evolved and become a key source of funding in many project financings, particularly in the Middle East.

As a result of the global financial crisis, the use of Islamic finance as a source of funding for projects has become even more widespread, as international banks have lost appetite for...
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