Mazzaro, Andrea (A.A. 2021/2022) Project financing: a comparison between conventional and Islamic finance. Tesi di Laurea in Cases in business law, Luiss Guido Carli, relatore Riccardo La Cognata, pp. 111. [Master's Degree Thesis]

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Abstract/Index

Project financing: overview. History and early adoption of project financing. An alternative to corporate financing. Players involved. Project financing: legal foundations; agreements and documentation. Pre-development agreements. Shareholders/sponsors agreements. Project loan agreement. Security documents. Project documents. Project financing: financial foundations. Choice of vehicle for a project. Economic foundations. Cash flow analysis. Cash flows breakdown. Financial analysis. Financial instruments. Structure of a conventional project finance: Milan M6 line Merlata MIND–ponte Lambro. Introduction to the project: the first semicircular subway line in Milan. Design and description of a BOOT agreement proposal via lease facilities + project bond structure. Benefits and risks stemming from the project. An alternative framework: Islamic finance. Beliefs and Golden Rules: Riba, Gharar, Maysir and Haram. Islamic banking system. Financial instruments in Islamic banking: most adopted contracts in project financing. Islamic finance impact on project financing: re-designing of M6 line project in a full Islamic deal. Designing and description of a diminishing Musharaka Sukuk + Ijara project financin. Suitability of Islamic finance for financing large infrastructure projects: benefits and risks. A snapshot on innovative applications of business-based Sukuk in a multi-sourced financing arrangement. Interpretation of Shari’ah standard 17 via IAS 32 to treat business-based Sukuk as equity. How to minimize legal complexity when adopting asset-backed Sukuk in project financing. Design and description of the M6 line project in a multi-sourced financing via project bond structure + Musharakah Sukuk.

References

Bibliografia: pp. 109-110.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Cases in business law
Thesis Supervisor:	La Cognata, Riccardo
Thesis Co-Supervisor:	Sacco Ginevri, Andrea
Academic Year:	2021/2022
Session:	Extraordinary
Deposited by:	Alessandro Perfetti
Date Deposited:	05 Sep 2023 12:30
Last Modified:	05 Sep 2023 12:30
URI:	https://tesi.luiss.it/id/eprint/36395

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