Islamic project finance is a project finance using Shariah compliant Islamic finance scheme. Recently, the role of Islamic project finance has been increased with the growth of Islamic financial industry based on high oil price, in particular, after the break of global financial crisis. The aim of the study is to analyze structures, trends and risk factors of Islamic project finance and to draw some policy implications from the analyses.
First of all, this study reviews the definition and features of Islamic project finance and explains basic structures of Islamic finance utilized in project finance with market trends examined. Chapter three analyzes specific structures and characteristics of Islamic project finance in the GCC countries through five case studies. Chapter four looks through potential risk factors in Islamic project finance that might occur. In chapter five, we suggest several policy implications that need to consider when the Islamic project finance scheme is applied to project finance involved with Korean companies and financial institutions.
For the policy implications, it is necessary to establish a research center specialized in comprehensive research on new products or schemes in Islamic finance, Islamic law or regulation in various countries of the world. Second, a large number of professional manpower related to Islamic finance should be trained through short term training courses or graduate-level academic courses on Islamic finance, shariah and area studies in the long term. Third, governmental supportive system should be established to help Korean companies and financial institutions to cope with lack of experiences, knowledge or experts. Fourth, it is needed to build institutional and legal infrastructure to introduce Islamic finance scheme to Korea.

국문요약 

제1장 머리말 
1. 연구의 배경 및 목적 
2. 연구의 범위 및 방법론 
3. 연구의 구성 및 한계 

제2장 구조 및 시장 동향 
1. 개념 및 특성 
가. 프로젝트 파이낸스 
나. 이슬람 프로젝트 파이낸스 
2. 구조 
가. 이슬람 금융기법 
나. 자금조달방식 
다. 이슬람 자금조달비중 
3. 시장 동향: GCC 국가를 중심으로 
가. 추세 및 전망 
나. 금융 기법 및 업종별 비교  

제3장 국가별 특징 및 사례 
1. 국가별 특징 
가. UAE 
나. 사우디아라비아 
다. 바레인 
라. 카타르 
마. 쿠웨이트 
바. 오만 
2. 주요 사례 
가. 소하르 알루미늄 제련소 프로젝트 
나. 슈아이바Ⅲ 담수 및 발전 프로젝트 
다. 알 카얀 석유화학단지 프로젝트 
라. SATORP 석유화학단지 프로젝트 
마. 마아덴 알루미늄 제련소 프로젝트 

제4장 위험요인 
1. 개요 
2. 프로젝트 파이낸스의 위험요인 
3. 이슬람 금융의 위험요인 
4. 이슬람 및 전통 금융방식 결합의 위험요인 

제5장 요약 및 정책적 시사점 

참고문헌 

Executive Summary