Islamic Finance

What are the Shariah-compliant opportunities for aviation and airline financing?

| 21 March, 2017 | General
Haseeb Chowdhry, DinarStandard
What are the Shariah-compliant opportunities for aviation and airline financing?

The global airline finance market was estimated at $122 billion in 2015, with $9 billion of Shariah-compliant financing raised by major airlines in the Organization of Islamic Cooperation (OIC) countries. Islamic financing for airlines has only gained mainstream visibility in recent years, especially with the $5 billion Shariah-compliant fund established by the International Airline Finance Corporation. What opportunities are there for the Islamic finance industry to provide financing for airlines?