16.06.2011 - $10trn needed to fund global energy projects
Project finance will have to raise around $10 trillion between now and 2030 to fund energy and infrastructure globally, said a finance expert at a bankers' meeting in Bahrain. Some $7.2 trillion will be needed for energy projects along with a further $2.8 trillion for infrastructure projects, Charles Russell international finance partner Nicholas Polley said. He said that Islamic finance could play an important role in this with funding for a project or asset that had to be constructed using a Sharia-compliant Istisna vehicle. For a project that has already been completed, a Ijara leasing structure arrangement should be used..............................................Full Article: Source
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