Infrastructure Financing through Islamic
Finance in the Islamic Countries
210
P
partial credit guarantees (PCGs), 26
partial risk guarantees (PRGs), 26
Partially self-sustainable projects, 22
pension funds, 2, 3, 4, 22, 23, 28, 30, 64, 71,
73, 84, 88, 101, 105, 109, 115, 123, 139, 154,
163, 175, 176, 183, 185
policy recommendations, 1, 2, 15, 16, 17, 164,
176, 178, 188
political risk insurance (PRI), 26
Political, sovereign (regulatory) risk, 26
poverty, 1, 2, 8, 9, 10, 14, 15, 66, 76
PPP arrangement, 20, 23, 45, 104
PPP concessions, 159, 166
preferred shares, 25, 47
Private Finance Initiative, 19, 96, 97, 158
private sector, 1, 2, 3, 6, 7, 14, 18, 19, 20, 22,
23, 24, 25, 26, 27, 28, 29, 33, 34, 36, 39, 42,
43, 45, 55, 74, 76, 77, 78, 82, 84, 87, 94, 95,
96, 97, 104, 106, 108, 109, 113, 114, 115,
116, 128, 129, 130, 132, 136, 138, 139, 140,
144, 146, 147, 153, 154, 155, 157, 158, 159,
160, 164, 165, 166, 167, 168, 171, 172, 173,
184, 185, 187, 199
Private Sector Participation Law, 130, 137,
195
privatization, 20, 117, 128, 129, 144, 147,
153
procurement regime, 35, 80, 97, 117, 130,
145, 159, 160, 169, 184
Procurement Regimes, 35, 169
Project Company, 20, 21, 24, 25, 46, 47, 48,
49, 50, 51, 55, 56, 58, 59, 62, 63
project sukuk, 57, 64, 89, 154, 175, 183
Public debt, 115
public good, 7
public sector, 14, 18, 22, 25, 63, 128, 138
public-private partnership (PPP), 18, 184
R
Regulatory Framework, 34, 198
retail sukuk, 4, 87, 89, 106, 123, 140, 155,
178, 188
riba, 44, 46
risk appetite, 30
risk-sharing, 14, 43, 64, 123
S
Salam, 44
Sectorial Laws and Regulations, 33
Shariah compliant assets, 1, 178
Shariah-compliant contract, 88, 109, 123,
139, 154, 170, 171, 184
Shariah-compliant funds, 156, 176, 183, 185,
186
Social infrastructure, 7
Sovereign FGN Roads Sukuk, 120
special purpose vehicle (SPV), 20, 23, 136
stock market capitalization, 71, 141
sukuk holders, 62, 151
sukuk issuances, 81, 101, 104, 108, 118, 170,
173, 177
sukuk issue, 60
sukuk market, 4, 73, 82, 85, 87, 90, 101, 108,
109, 122, 138, 146, 177, 185, 186, 188, 190,
205
sukuk outstanding, 60, 92
sustainability, 2, 9, 10, 33, 165, 167
Sustainable Development Goals (SDGs), 1, 9
syndicated finance, 53, 56, 175
T
takaful operators, 4, 64, 65, 91, 185
Tawarruq, 45, 51
Technological risk, 26
toll-road, 20, 62
transparency, 28, 78, 97, 117, 130, 158, 169
U
UNDP, 4, 86, 143, 179, 186, 204
W
Wakala, 45, 49
waqf, 2, 4, 6, 66, 67, 68, 73, 81, 84, 85, 86, 87,
110, 120, 121, 122, 124, 135, 137, 138, 140,
155, 179, 186, 187
Z
zakat, 2, 4, 6, 43, 66, 67, 73, 84, 86, 87, 110,
124, 140, 155, 179, 186, 187, 204