Longer tenor notes ‘will boost Islamic financing’
Islamic component in project finance will increase if longer tenor instruments become available.
If longer tenor Islamic financing instruments of 15 or 20 years are available, one can bring into the capital market takaful and re-takaful players who are going to take up these long-term papers. Family takaful organisations, which are looking at long-term exposure on their balance sheet and matching it off in terms of cash flow and assets may be interested.
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