Report / Case study

Sharia-Compliant Investments in Infrastructure and Development Capital Financing in DFID/CDC/PIDG Geographies

Abstract

Information on the types and amounts of investments in infrastructure and development capital financing being made in Department for International Development / CDC / Private Infrastructure Development Group (PIDG) geographies by institutions operating on Islamic finance principle is scarce, with the richest source of practical information being the Islamic Development Bank. The majority of publications available are of theoretical nature, exploring the potential of Islamic finance in infrastructure and development capital financing rather than evaluating existing projects. This may be because this type of financing has only become operational – and consequently given attention – relatively recently. Consequently, no global, regional, or country-level exhaustive data are available. K4D helpdesk reports provide summaries of current research, evidence and lessons learned. This report was commissioned by the UK Department for International Development