Belt and road initiative and Islamic financing: the case in public private partnership infrastructure financing
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China's One Belt and One Road (OBOR) is a global trade network across Asia, Africa, Europe and Oceania. Also known as Belt and Road Initiative (BRI), OBOR is an attempt to redraw ancient Silk Road to foster global trade and economic development. Nearly 30 Muslims-majority countries are part of China's vision of BRI. The purpose of this paper is twofold: first, to investigate how public private partnership (PPP) has been applied in BRI projects; and second, to explore how Islamic finance can fit within a PPP context. This paper proposes a framework for using Islamic finance in infrastructure PPP projects. This paper also analyses two PPP projects where Islamic finance was deployed as project financing. It is hoped that the discussed risks and outcome of the study will assist in integration of Islamic finance in infrastructure projects that will create efficiency in processes in cross-border cooperation.
Belt and Road Initiative , One Belt and One Road , Public-private partnership , Islamic finance , Islamic banking
JinZi, Chu and Muneeza, Aishath. (2019). Belt and road initiative and Islamic financing: the case in public private partnership infrastructure financing. International Journal of Management and Applied Research, 6 (1), pp. 24-40.
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