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A conceptual framework for Islamic institutional and retail investment in maritime assets

Abdullah, Adam and Hassan, Rusni and Kassim, Salina (2018) A conceptual framework for Islamic institutional and retail investment in maritime assets. International Business Research, 11 (2). pp. 176-188. ISSN 1913-9004

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Abstract

The purpose of this research is to provide a conceptual framework for Islamic institutional and retail investment in maritime assets. Our objectives are to provide an introduction to seaborne trade and analyze trends in institutional interest in alternative assets and international shipping as well as highlight Islamic and conventional equity structures for institutional and retail investors. Our findings reveal that an Islamic private equity framework involving an unlevered, tax-free investment in maritime assets provides a real alternative to conventional lending and even successful tax-efficient conventional equity structures, since they are not entirely without issues given the significant presence of debt financing from maritime banks. There is a demand for alternative sources of finance, such that Islamic equity finance, rather than conventional lending or structured debt can develop international shipping involving Islamic institutional and retail investment in maritime assets.

Item Type: Article (Journal)
Additional Information: 7452/61461
Uncontrolled Keywords: Islamic finance, investment, international shipping
Subjects: H Social Sciences > HE Transportation and Communications > HE199 Freight (General)
H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes: Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Adam Abdullah
Date Deposited: 11 Jan 2018 14:15
Last Modified: 18 Jan 2018 15:04
URI: http://irep.iium.edu.my/id/eprint/61461

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