Infrastructure Financing through Islamic
Finance in the Islamic Countries
150
4.5.5.3.Capital Markets
Capital markets contribute in financing the infrastructure sector through infrastructure
corporations, sukuk and GICs listed and traded on the KSE. Chart 4.5.6 shows the sector-wise
market capitalization of KSE listed companies that have a total value of SDG 19.837 billion.
While the banking sector dominates the market with almost 64% of the share, the
telecommunication and investment & development belonging to infrastructure sub-sectors
ranked second (24.4%) and third (3.9%) respectively.
Chart 4.5. 6: Market Capitalization of Listed Companies Categorized according to Sector
(2017) (%)
Source: KSE Annual Report 2017
4.5.5.4. International Sources
Shariah compliant funds from international sources are provided by IDB. Chart 4.5.7 shows the
project financing that Sudan received from the IDB since its inception in 1976. While 100
projects worth USD 1.185 billion were funded during 1976-2016, two projects valued at USD
21.5 million have been financed since 2016.
Chart 4.5. 7: Number of Projects and Financing from IDB: Sudan (USD million)
Source:
63.7%
24.4%
3.9%
3.4%
1.8% 1.2% 1.1% 0.5%
Banking sector
Telecommunication
Investment & Development
Commercial
Insurance
Industry
Agriculture
Brokerage Companies
21.5
1,185.7
2
100
0
20
40
60
80
100
120
0
200
400
600
800
1,000
1,200
1,400
Total Project Financing 2016+ Total Project Financing (1976-2016)
No. of Projects
USD (Million)
Total Financing (US$ Million) No. of Projects