Islamic finance could provide some of the multi-billion-dollar loans needed by Asia to pay for $US8 trillion in infrastructure costs over the next decade, says ratings agency Standard and Poor’s (S&P).

Islamic financing is a growing source of loans worldwide and is now a better way to fund huge Asian infrastructure deals than banks, S&P says in a new report. “Although banks have dominated the financing landscape for Asian infrastructure projects over the past decade, we believe that Islamic finance may be a better match for the region’s infrastructure funding needs.”……………………………………..Full Article: Source