Trends and Implications of Islamic Project Finance: A Study on the GCC Region

6 Pages Posted: 6 Sep 2013 Last revised: 24 Oct 2013

See all articles by Kwon Hyung Lee

Kwon Hyung Lee

Korea Institute for International Economic Policy

Sung Hyun Son

Korea Institute for International Economic Policy

Date Written: May 31, 2013

Abstract

The Islamic finance industry, which is based on Sharia, has been growing at a relatively fast pace despite the 2008 global financial crisis. Project finance in the Middle Eastern construction market is witnessing a growing inflow of financial procurement through Islamic finance. In order to expand the number of construction projects in the Middle East and reinforce financing capacity to this end, Korea should focus more attention on the Islamic finance industry and Islamic project finance. This paper takes a look at trends in Islamic project finance, mainly in the GCC region, and seeks policy implications for Korea.

Keywords: Islamic Finance, Islamic Project Finance, GCC

Suggested Citation

Lee, Kwon Hyung and Son, Sung Hyun, Trends and Implications of Islamic Project Finance: A Study on the GCC Region (May 31, 2013). KIEP Research Paper NO. World Economy Update-13-24, Available at SSRN: https://ssrn.com/abstract=2320959 or http://dx.doi.org/10.2139/ssrn.2320959

Kwon Hyung Lee (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Sung Hyun Son

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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