Islamic Financing - A Successful Takeoff or a Crash Landing? Whether or Not Islamic Financing Should Be Used to Finance and Lease Aircraft

J. Bus. Entrepreneurship & L. (2016)

33 Pages Posted: 13 Oct 2015 Last revised: 8 Mar 2016

See all articles by Jennifer Urban

Jennifer Urban

University of Mississippi, School of Law, Students

Date Written: 2015

Abstract

As international air travel continues to increase, Islamic financing is a key option to consider in securing aviation financing. This paper begins with background information of the foundation of Islam. Then, it explains the applicable international treaties and their roles within Middle Eastern nations. Next, Islamic finance law is addressed, followed by Islamic aviation and leasing in general. Finally, this paper concludes with a case study of how these principles come into play in the United Arab Emirates.

Keywords: Aviation Financing, Islamic Financing, Finance Law, Sharia, Aircraft Leasing, Aircraft Financing, Air Travel, Air Law, United Arab Emirates, Middle East

JEL Classification: D81, E62, F23, G00, G15, G29, G39, K23, L91, L93, N25, N75, O16

Suggested Citation

Urban, Jennifer, Islamic Financing - A Successful Takeoff or a Crash Landing? Whether or Not Islamic Financing Should Be Used to Finance and Lease Aircraft (2015). J. Bus. Entrepreneurship & L. (2016). Available at SSRN: https://ssrn.com/abstract=2673290 or http://dx.doi.org/10.2139/ssrn.2673290

Jennifer Urban (Contact Author)

University of Mississippi, School of Law, Students ( email )

MS 38677
United States

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