Sukuk’s role in financing infrastructural development during the covid-19 pandemic in Nigeria

Usman, Abubakar Abubakar and Sa'ad, Auwal Adam (2023) Sukuk’s role in financing infrastructural development during the covid-19 pandemic in Nigeria. In: Islamic Sustainable Finance, Law and Innovation: Opportunities and Challenges. Contributions to Management Science (1). Springer, Cham, pp. 231-244. ISBN 978-3-031-27859-4

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Abstract

The Covid-19 pandemic has affected the financing infrastructural devel- opment particularly in the Global South (GS). Amid the pandemic, Nigeria has found sukuk financing as an alternative source for financing some of its infrastruc- tural development. This article aims at investigating why sukuk offers a significant alternative source of financing infrastructural development in Nigeria. The article argues that the lack of availability of conventional sources of financing development, economic downturn caused by Covid-19, the potential investment return, the sukuk structure, and sukuk successes in other economies all contribute to the sukuk thriving as an important alternative source of financing infrastructural development in Nigeria.

Item Type:	Book Chapter
Uncontrolled Keywords:	Sukuk, Infrastructure Financing, Covid-19, Nigeria
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH186.4 Bay' Al-Dayn - Debt Financing J Political Science > JA Political science (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	DR. Auwal Adam Sa'ad
Date Deposited:	08 Aug 2023 10:26
Last Modified:	06 Nov 2023 16:32
URI:	http://irep.iium.edu.my/id/eprint/105873

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