Using Islamic Finance for Infrastructure projects in non-Muslim Countries


Using Islamic project finance is the solution to fill the gap between infrastructure demand and available finance. This study aims to investigate if it is appropriate to use Islamic finance to fund the infrastructure project, as one specific sector that is facing major challenges in long-term financing, and it intends to select the most appropriate instrument that is inconsistent with Non-Muslim countries’ law and culture.

The methodology and approach that will be used is a qualitative method which is used to study the Islamic financial tools, compare them with other financial instruments, and discuss the potential implementation of Islamic project finance structure to fund the infrastructure project in Italian environment. The study concentrates on exploring the Italian laws that are resembled to Shariah principle in order to make it more acceptable for the Italian culture.

The study concludes that using Islamic finance can be used to finance infrastructure projects by using existing laws and regulations. This study is also expected to benefit the Italian government and investors in making their financial decision, and it will be a new experience for Europe countries. 


Islamic project finance, Shariah principle, Islamic Financial instrument, infrastructure project.

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EJIF - European Journal of Islamic Finance has been approved for inclusion in ERIH PLUS and in DOAJ 

Indexed by
EBSCO Discovery Service e Arab World Research Source: Al Masdar

European Research Centre for Islamic Finance 

Registrazione Tribunale di Torino n.: 29
data registrazione: 21.10.2014
ISSN 2421-2172
Direttore responsabile: Paolo Biancone

Università degli Studi di Torino


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EJIF content is licensed under a Creative Commons Attribution 4.0 International License.