Pakistan steps up Islamic finance in infrastructure deals

April 27, 2016 10:50 AM

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April 27 Pakistan is stepping up its use of sharia-compliant financing to fund infrastructure deals, which could help to promote the use of longer-term transactions in Islamic finance.

Islamic deals are backed by specific assets, which makes them convenient for infrastructure projects. But traditionally, Islamic bonds and loans have shorter tenors - often around five years - than their conventional equivalents.

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