Arimoro, Augustine ORCID: https://orcid.org/0000-0002-8698-9328, Musa, Habiba and Elgujja, Abba (2024) Sukuk for Sub-Saharan African Infrastructure Post-COVID-19. In: Law and Sustainable Development After COVID-19. Routledge, London, pp. 149-171. ISBN 9781003453499

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Abstract

Sub-Saharan Africa (SSA) is currently confronted with a significant infrastructure deficit, exacerbated by the adverse effects of the COVID-19 pandemic. As the deadline for the United Nations (UN) 2030 Sustainable Development Goals approaches, it becomes imperative to identify alternative funding sources for vital infrastructure projects in the region. Consequently, this research investigated the potential of sukuk, a form of Islamic finance, as an alternative means of financing infrastructure development in SSA. Drawing upon Lee’s socioeconomic conditions theory. Drawing upon Lee’s socioeconomic conditions theory, this study reveals that States in SSA can draw insights from the experience of Malaysia and adopt innovative sukuk-type bonds to generate necessary funding for critical infrastructure. Additionally, the chapter evaluated the necessity of establishing a supportive framework to facilitate sustained private-sector investment in infrastructure.

Item Type:	Book Section
Subjects:	Law and criminal justice > Law
Depositing User:	Dr Augustine Arimoro
Date Deposited:	20 Sep 2024 08:37
Last Modified:	20 Sep 2024 08:37
URI:	https://repository.uwl.ac.uk/id/eprint/12528

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