Infrastructure Financing through Islamic
Finance in the OIC Member Countries
209
117, 122, 123, 127, 128, 129, 138, 139, 140,
145, 147, 151, 153, 154, 157, 158, 159, 161,
162, 163, 164, 165, 166, 167, 168, 169, 170,
171, 172, 173, 174, 175, 176, 177, 178, 180,
181, 182, 183, 184, 185, 186, 187, 188, 193,
195, 201
infrastructure sector, 1, 2, 4, 12, 15, 29, 30,
32, 67, 68, 69, 80, 83, 87, 88, 89, 94, 97, 99,
100, 101, 102, 103, 108, 109, 123, 128, 129,
130, 132, 133, 134, 138, 139, 147, 148, 149,
154, 159, 161, 163, 165, 166, 169, 171, 172,
173, 174, 175, 176, 180, 183, 184, 185, 187,
188
international financial centre, 156
International Islamic Infrastructure Bank
(IIIB), 5, 6, 180, 181, 186
International-private Finance, 28
International-public Finance, 28
investment account, 108, 174
investment banks, 4, 55, 64, 91, 103, 109,
123, 139, 140, 156, 161, 163, 178, 186
investment needs, 12, 13, 14, 33, 40, 41, 75,
76, 90, 95, 114, 127
investment requirements, 1, 12, 144
Islamic assets under management, 93
Islamic banking, 2, 3, 6, 16, 55, 64, 69, 72, 73,
80, 87, 88, 92, 98, 101, 108, 111, 122, 123,
126, 131, 133, 134, 138, 139, 140, 141, 156,
161, 169, 170, 171, 173, 174, 182, 183, 185,
187, 188, 198
Islamic capital market, 2, 81, 89, 92, 111, 123,
140, 156, 163, 177
Islamic Development Bank (IDB), 5, 68, 186
Islamic ETFs, 93
Islamic financial contracts, 43
Islamic financial industry, 1, 2, 3, 15, 16, 43,
55, 70, 92, 93, 98, 123, 126, 139, 146, 162,
173, 182, 185, 188
Islamic financial institutions, 6, 51, 52, 55, 64,
84, 88, 117, 122, 123, 126, 132, 140, 147,
154, 162, 163, 170, 172, 176, 181, 182, 187,
188, 194
Islamic financial sector, 2, 3, 14, 15, 16, 43,
69, 92, 99, 139, 156, 162, 178
Islamic Financial Services Act 2013, 98, 185
Islamic financial system, 14, 43
Islamic law, 15, 43, 44, 131, 170
Islamic nonbank financial institutions, 2, 17,
73, 88, 109, 123, 139, 154, 163, 176, 183,
185, 188
Islamic project financing, 51, 58, 88, 154,
182, 198
Islamic securities, 60, 73, 81, 99, 155, 169,
178
Islamic social sector, 4, 17, 108, 138, 179, 186
Islamic Syndication, 52
Islamic unit trust funds, 93
Istisna, 44, 47, 48, 118, 136
L
Legal and Regulatory Framework, 3, 33, 78,
97, 117, 129, 144, 159
legal framework, 3, 33, 34, 79, 80, 88, 98,
117, 140, 144, 146, 167, 169, 195
long-term investments, 2, 4, 33, 64, 88, 100,
109, 123, 154, 176, 185, 188
M
mafsada, 14, 43
market capitalization, 54, 73, 92, 100, 149
market failures, 7
maslahah, 14
Masterplan, 71, 89, 90, 114, 165, 191, 202
mezzanine financing, 25, 47
Mudarabah, 45, 62, 84
multilateral development bank, 5, 68, 179,
186
multilateral developmental banks, 1, 180
Multilateral Investment Guarantee Agency
(MIGA), 26
Murabahah, 44, 50, 51
Musharakah, 45, 49, 50, 58, 59, 141, 150, 151,
153
N
National Infrastructure Commission, 3, 158,
165, 201
National Infrastructure Investment Bank
(NIIB), 3
National Transformation Program, 124, 128
network effects, 7
Network risk, 26
O
Operational risk, 26
Operations and Management (O&M)
Company, 21