A Strategic Cooperative Model: The Case of Islamic Financing Hub
Journal Title: Advance Knowledge for Executives - Year 2023, Vol 2, Issue 1
Abstract
Objective: This case study aimed to propose a strategic cooperative model and discuss the challenges encountered by Belt Road Initiatives (BRI) and the need to address those gaps to unleash the potential and impacts of BRI in the long run. It needs to refine the objectives of BRI to enhance its integration with the Sustainable Development Goals (SDGs) and facilitate an inclusive approach to the existing and future BRI projects. Method: A synthesis was done using the documentary method and content analysis to evaluate the research for this case study. Result: High uncertainty and the likelihood of cost over-run are everyday encounters of cross borders mega infrastructure projects, which potentially adversely delay and default of financial commitment of the borrowing nations. Given the nature of these projects, an alternative financing mechanism, as opposed to the conventional financing option, are crucial to address the setbacks experienced in recent projects, leading to concerns and scepticism of the BRI nations. Recommendation: This study suggests that Islamic Finance fulfils the necessary criteria of a viable option as the ideal financing framework and Malaysia's potential to emerge as the BRI Islamic Financing Hub.
Authors and Affiliations
Seng Loong Kok
Keywords
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- EP ID EP714141
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