TY - JOUR T1 - Structured Islamic Finance Options for the<br/>Resources Sector JF - The Journal of Structured Finance SP - 91 LP - 101 DO - 10.3905/jsf.2012.18.3.091 VL - 18 IS - 3 AU - Jason West Y1 - 2012/10/31 UR - https://pm-research.com/content/18/3/91.abstract N2 - The investment profile and particularly the horizon of traditional debt financing for projects seldom matches the returns on assets, particularly in the resources and infrastructure sectors, where assets have a lengthy construction phase before realizing a return. This mismatch in investment duration and risk–return profile is a key weakness of the Western approach to limited-recourse borrowing under project financing conventions. The motives underlying Islamic finance differ, however, from the Western approach permittinglonger-term investments and profit-sharing arrangements,subject to the strict practice of Shariáh law. This article highlights the advantages of Islamic investment practices over traditional approaches in project financing, which can potentially fill a significant gap in funding options for firms in the global resources sector.TOPICS: Developed, options, fixed income and structured finance ER -