当前位置: X-MOL 学术Borsa Istanb. Rev. › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
Towards sustainable financing models: A proof-of-concept for waqf-based alternative financing model for renewable energy investments
Borsa Istanbul Review ( IF 4.288 ) Pub Date : 2021-03-27 , DOI: 10.1016/j.bir.2021.03.007
Ibrahim Ari , Muammer Koc

This study investigates alternative equity-based financing models and proposes a waqf-owned (that could also be called philanthropy-, endowment-, trust-, foundation-, and third sector-based) financial intermediary (WOFI). We do so by developing the agent-based model and scenario-based computer simulations for financing solar powerplants. For this purpose, we redesign a waqf-based financing system and analyze the changes in wealth inequality, capital pooling, and social prosperity for a future time frame. As a proof-of-concept, the simulation results show that for the given case study, the proposed WOFI reduces wealth inequality dramatically, whereas conventional debt-based financing models raise inequality. Besides, restructuring the waqf-based financial intermediaries also enables the capital pooling essential for large projects and absent in the conventional waqf system. In short, this study proves that waqf-based institutions have a remarkable potential to contribute towards sustainable development goals by taking account of long-run social implications, economic growth, and environment-friendly projects.



中文翻译:

迈向可持续融资模式:可再生能源投资基于waqf的替代融资模式的概念验证

这项研究调查了基于股权的替代融资模式,并提出了由Waqf拥有(也可以称为慈善,捐赠,信托,基金会和第三部门)的金融中介(WOFI)。为此,我们开发了基于代理的模型和基于方案的计算机模拟来为太阳能发电厂融资。为此,我们重新设计了基于Waqf的融资系统,并分析了未来一段时间内财富不平等,资本池和社会繁荣的变化。作为概念验证,仿真结果表明,对于给定的案例研究,拟议的WOFI显着降低了财富不平等,而传统的基于债务的融资模型则加剧了不平等。除了,重组以waqf为基础的金融中介机构还可以实现大型项目必不可少的资本集合,而传统waqf系统却缺乏这种资本集合。简而言之,这项研究证明,基于宗教与宗教信仰的机构通过考虑长期的社会影响,经济增长和环境友好项目,具有巨大的潜力为可持续发展目标做出贡献。

更新日期:2021-03-27
down
wechat
bug