Independent journal on economy and transport policy
08:25 GMT+2
Islamic finance is an option for the struggling shipping industry
(Gulf Times)
September 19, 2018
By Arno Maierbrugger, Gulf Times Correspondent Bangkok
Islamic finance, due to its asset-based nature, has been repeatedly mentioned to be a viable funding option for capital-intensive industries in the transportation sector, namely aviation and shipping. While the aviation sector, at least in Muslim countries, is already widely open to Islamic funding, the shipping sector keeps struggling with access to finance as banks have become reluctant to lend to a highly capital-intensive industry which has been weathering rough seas for decades, even more so after the global financial crisis in 2008 ...... Read more on Gulf Times
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