Sukuk-Waqf as an efficient model for PPP in Muslim countries

The need for growing infrastructure project is a crucial component of the growth equation for any country. However, states cannot afford taking big investment project alone anymore due to budget constraints, global recovery slow down and the fall in raw materials prices. In fact, basic social needs should maintain a parallel growth similar to the demographic growth as to satisfy the population’s demand. The lack of financial resources breaches this rule leaving the way to disequilibrium within the society which can put the stability of states in jeopardy. Consequently, public sector and government should search for sufficient sources of financing and the private sector can play an important role.

Nevertheless, Musli...