Shari'ah-compliant financing for energy projects: a call for standardisation of Islamic finance contracts

Ridoan Karim

doi:10.1515/9783110766707-004

Shari'ah-compliant financing for energy projects: a call for standardisation of Islamic finance contracts

Ridoan Karim

Malaysia School of Business

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Book) › Research › peer-review

Abstract

This chapter attempts to present a legal analysis to produce some useful insights
for understanding the nature of standardisation efforts and clarifying the objectives and legal trajectory of Islamic finance in the energy sector for just and low-carbon energy transition. Most of the countries which are implementing Shari’ah-compliant financing for energy projects follow civil law systems, some follow common law, and many are hybrid legal systems. The nature of these systems differs from country to country and, indeed, from continent to continent. Hence, a detailed analysis on the legal mechanisms of the standardisation challenges is required to understand how the Interest Free Loan (IFL) can be facilitated in the energy industries.

Original language	English
Title of host publication	Shari'ah and Common Law
Subtitle of host publication	The Challenge of Harmonisation
Editors	Adnan Trakic
Place of Publication	Berlin Germany
Publisher	Walter de Gruyter
Chapter	4
Pages	63-76
Number of pages	14
Edition	1st
ISBN (Electronic)	9783110766707, 9783110766714
ISBN (Print)	9783110766684
DOIs	https://doi.org/10.1515/9783110766707-004
Publication status	Published - 2022

Publication series

Name	De Gruyter Studies in Global Asia
Publisher	Walter de Gruyter
Volume	4
ISSN (Print)	2698-4776

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Access to Document

10.1515/9783110766707-004

Cite this

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Shari'ah-compliant financing for energy projects: a call for standardisation of Islamic finance contracts. / Karim, Ridoan.
Shari'ah and Common Law: The Challenge of Harmonisation. ed. / Adnan Trakic. 1st. ed. Berlin Germany: Walter de Gruyter, 2022. p. 63-76 (De Gruyter Studies in Global Asia; Vol. 4).

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Book) › Research › peer-review

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