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Islamic Finance and the Energy Sector

28 Pages Posted: 18 Feb 2015  

Hamed Ghoddusi

Stevens Institute of Technology - School of Business

Sajjad Khoshroo

University of Oxford - Centre for Socio-Legal Studies; White & Case LLP

Date Written: February 16, 2015

Abstract

This paper analyzes existing experiences with Islamic financing of energy projects. We argue that Islamic finance provides an additional channel to attract financial resources to improve energy efficiency, access to energy, and a sustainable energy supply. Major forms of Islamic finance methods used in the energy sector (including gas, petrochemical, and power projects) are reviewed based on real-world cases. A review of the limitations of Islamic finance in the energy sector and a set of policy recommendations are offered.

Keywords: Energy Finance, Energy Supply, Access to Energy, Islamic Project Finance, Middle East

JEL Classification: Q43, E22, Q16, G20

Suggested Citation

Ghoddusi, Hamed and Khoshroo, Sajjad, Islamic Finance and the Energy Sector (February 16, 2015). Available at SSRN: https://ssrn.com/abstract=2565812 or http://dx.doi.org/10.2139/ssrn.2565812

Hamed Ghoddusi (Contact Author)

Stevens Institute of Technology - School of Business ( email )

Hoboken, NJ 07030
United States

HOME PAGE: http://www.ghoddusi.com

Sajjad Khoshroo

University of Oxford - Centre for Socio-Legal Studies ( email )

Manor Road Building
Manor Road
Oxford, OX1 3UQ
United Kingdom

HOME PAGE: http://www.csls.ox.ac.uk/students/sajjad_khoshroo.php

White & Case LLP ( email )

5 Old Broad Street
London, EC2N 1DW
United Kingdom
02075322000 (Phone)

HOME PAGE: http://www.whitecase.com/skhoshroo

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