Friday, September 16, 2011

RUSSIA - Project and infrastructure finance in Russia: Opportunities for Islamic finance

IFN - ROUSTAM VAKHITOV and SERIK ISKAKOV discuss whether it is possible to structure infrastructure projects in Russia in a simultaneously Shariah compliant and tax efficient manner?
Good infrastructure is vital for Russia’s development due to the vastness of its territories. This includes roads, railways and related machinery, industrial plants, airports and aircrafts, oil and gas pipelines power lines as well as power stations and other projects.
Most of these infrastructure projects in Russia were implemented 50 years ago and now the lifetime of these assets is approaching the end of their exploitable economic life. Therefore the replacement or renovation of a significant quantity of infrastructure assets in the future will be an important part of the Russian economic landscape. rest of story : IFN

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