A CONCEPTUAL FRAMEWORK FOR THE APPLICATION OF ISLAMIC PRIVATE EQUITY IN INTERNATIONAL SHIPPING

被引:0
|
作者
Abdullah, Adam [1 ,2 ,3 ,4 ]
Hassan, Rusni [5 ,6 ,7 ,8 ,9 ,10 ,11 ]
Kassim, Salina [12 ,13 ]
机构
[1] IIUM Inst Islamic Banking & Finance IIiBF, Kuala Lumpur, Malaysia
[2] Int Council Islamic Finance Educ, Kuala Lumpur, Malaysia
[3] Univ Sultan Zainal Abidin UniSZA, Grad Sch, Kuala Terengganu, Terengganu, Malaysia
[4] Univ Sultan Zainal Abidin UniSZA, Int Student Ctr, Kuala Terengganu, Terengganu, Malaysia
[5] Int Islamic Univ Malaysia, IIUM Inst Islamic Banking & Finance IIiBF, Kuala Lumpur, Malaysia
[6] Bank Negara Malaysia, Shariah Advisory Council, Kuala Lumpur, Malaysia
[7] Assoc Islam Banking Inst Malaysia, Kuala Lumpur, Malaysia
[8] HSBC Amanah Malaysia, Shariah Comm, Puchong, Selangor, Malaysia
[9] Secur Commiss, Kuala Lumpur, Malaysia
[10] Assoc Shariah Advisors Islamic Finance Malaysia A, Kuala Lumpur, Malaysia
[11] Int Council Islamic Finance Educ, Kuala Lumpur, Malaysia
[12] Int Islamic Univ Malaysia, Kuala Lumpur, Selangor, Malaysia
[13] IIUM Inst Islamic Banking & Finance, Res & Publicat, Kuala Lumpur, Selangor, Malaysia
来源
AL-SHAJARAH | 2016年
关键词
Islamic finance; private equity; international shipping;
D O I
暂无
中图分类号
B9 [宗教];
学科分类号
010107 ;
摘要
This paper aims to assess the application of Islamic private equity in order to develop Islamic finance and investment in international shipping. Shipping is a strong growth industry with about 85% of the global trade carried by the international shipping industry. The problem is that shipping is a highly capital intensive industry, and currently 75% of ship lending has been conducted by European banks and financed on a conventional basis. The post-financial crisis, shipowners, ship lenders and shipyards have all been exposed to the impact of over-levered balance sheets and debt finance. Our conceptual framework discusses how Islamic finance and investment institutions can participate at the retail and institutional levels involving private equity. Our study suggests that Islamic private equity should appeal to retail and institutional investors to promote and develop international shipping from Malaysia, in line with government policies on shipping and Islamic finance.
引用
收藏
页码:115 / 137
页数:23
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