Developing an Islamic investment framework for maritime assets

Abdullah, Adam and Hassan, Rusni and Kassim, Salina (2017) Developing an Islamic investment framework for maritime assets. The Social Sciences, 12 (10). pp. 1865-1876. ISSN 1818-5800 E-ISSN 1993-6125

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Abstract

This paper seeks to develop an Islamic investment framework for maritime assets. Following the recent global financial crisis, the financial performance of international ship-owners has been significantly eroded in the presence of debt-based finance and volatile maritime earnings. Accordingly, this paper seeks to develop an Islamic investment framework for maritime assets based on equity finance in order to provide an alternative to conventional debt-based ship financing. The approach taken analyzes the related theoretical concepts in relation to Islamic investment contracts, the Islamic normative theory of profit, inter-temporal choice and investment, efficiency of resource allocation and the Islamic monetary theory of value. The significance of this study clarifies the underlying theories associated with Islamic investment analysis for maritime assets, and also provides a broader framework for infrastructure funding of other real assets generally.

Item Type:	Article (Journal)
Additional Information:	7452/57052
Uncontrolled Keywords:	Islamic finance · Islamic investment · International shipping
Subjects:	H Social Sciences > HE Transportation and Communications > HE199 Freight (General) H Social Sciences > HG Finance H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Science > Department of Physics
Depositing User:	Dr Adam Abdullah
Date Deposited:	24 May 2017 10:07
Last Modified:	01 Feb 2018 09:50
URI:	http://irep.iium.edu.my/id/eprint/57052

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