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11 August 2020 The on-line newspaper devoted to the world of transports 09:01 GMT+2

September 19, 2018

Islamic finance is an option for the struggling shipping industry

By Arno Maierbrugger, Gulf Times Correspondent Bangkok

Islamic finance, due to its asset-based nature, has been repeatedly mentioned to be a viable funding option for capital-intensive industries in the transportation sector, namely aviation and shipping. While the aviation sector, at least in Muslim countries, is already widely open to Islamic funding, the shipping sector keeps struggling with access to finance as banks have become reluctant to lend to a highly capital-intensive industry which has been weathering rough seas for decades, even more so after the global financial crisis in 2008 ......
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