TY  - JOUR
T1  - Developing an Islamic Investment Framework for Maritime Assets
AU - Abdullah, Adam AU - Hassan, Rusni AU - Kassim, Salina 
JO  - The Social Sciences
VL  - 12
IS  - 10
SP  - 1865
EP  - 1876
PY  - 2017
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2017.1865.1876
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2017.1865.1876
KW  - Islamic finance
KW  -Islamic investment
KW  -international shipping
KW  -approach
KW  -analysis
AB  - This study seeks to develop an Islamic investment framework for maritime assets. Following the recent global financial crisis, the financial performance of international ship-owners has been significantly eroded in the presence of debt-based finance and volatile maritime earnings. Accordingly, this study seeks to develop an Islamic investment framework for maritime assets based on equity finance in order to provide an alternative to conventional debt-based ship financing. The approach taken analyzes the related theoretical concepts in relation to Islamic investment contracts, the Islamic normative theory of profit, inter-temporal choice and investment, efficiency of resource allocation and the Islamic monetary theory of value. The significance of this study clarifies the underlying theories associated with Islamic investment analysis for maritime assets and also provides a broader framework for infrastructure funding of other real assets generally.
ER  -