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Belt and road initiative and Islamic financing: the case in public private partnership (PPP) infrastructure financing

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Date
2018
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Abstract
China is currently building a network with more than 80 countries across Asia, Africa, Europe, and Oceania initiating "One Belt and One Road". The main focus of the Belt and Road Initiative (BRI) is in infrastructure transportation, and energy. Countries with majority of Muslim population are involved in BRI and in some ofthese countries Islamic finance is being adopted. The public-private partnership (PPP) model is an important way of infrastructure financing which has potential in reducing government financial pressure by improving operation efficiency, service quality and societal benefits. World Bank report (2018) has discussed flexibility of Islamic financing and the cracking potential of PPP to incorporate with Islamic finance. Existing financial institutions , such as the World Bank and Asian Development Bank have accumulated rich experience in the field of PPP mode of infrastructure financing. However, the newly established Asian Infrastructure Investment Bank (AIlB) dedicated to the development ofinfrastructure for the supporting of BRI has still not established a model in line with Islamic finance principles. China and Islamic countries can seek common cooperation based on PPP models consistent with Islamic financial system. This paper aims to contribute to the literature for a better understanding of the great potential of China link with Islamic countries to help to boost BRI ...
Keywords
Belt and Road Initiative (BRI) , Islamic finance , Public private partnership (PPP)
Citation
Jin, Z. (2018). Belt and road initiative and Islamic financing: the case in public private partnership (PPP) infrastructure financing (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3101
Publisher
INCEIF
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