THE USE OF PARALLEL ISTISNA SUKUK IN FINANCING SOLAR ENERGY PROJECT IN KUWAIT
Mohammad M. Alfadhli - Oxford Center for Training & Consultancy, Kuwait
Sami Alghoussein - Independent Researcher, Kuwait
Faisal Alarifi - Independent Researcher, Kuwait
ABSTRACT
With carbon emission level reaching an unprecedented levels in the atmosphere. Finding an alternative source of energy that is eco-friendly has become essential for mankind. The aim of this study is to suggest a new source of energy for the state of Kuwait that is both renewable and eco-friendly. The research then aims to propose a finance scheme that can both ease the financial obligations on the government and boost the banking system in the country. Parallel Istisna sukuk finance is an Islamic finance product that can achieve such finance requirement. The feasibility of Parallel Istisna sukuk finance is examined in this research using SWOT and PESTEL analysis.
