"Islamic Finance Researches" (IFR)

Tax Increment Financing for Transportation Infrastructure Projects According to Imamia Jurisdiction

Document Type : Paper

Authors

1 Ph.D. Student of Financial Management of Islamic Educational Institution and Imam Sadiq University, Tehran, Iran

2 Professor of Islamic Culture and Thought Research Center, Qom

Abstract

One of the main challenges faced by various economic sectors including infrastructure projects in transportation is financing. Therefore, this sector will always be in need of financial innovation to design new financial instruments and institutions to meet its financing needs. Due to the lack of financial resources in the public sector in Iran, the private sector is to invest in the development of infrastructure projects.
    One of the prerequisites for private sector participation in the development of infrastructure projects is to provide suitable financial instruments and solutions. There are some methods designed to increase taxes to fund transportation sector that can be used to finance the development of infrastructure projects. One is Tax Increment Financing (TIF) method. This article is to introduce TIF as a financial instrument using a descriptive/ analytical study based on Imamia jurisprudence and in accordance with the laws and regulations of the Iranian capital market and the needs of its transportation sector,

Keywords

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Volume 7, Issue 2 - Serial Number 14
May 2018
Pages 309-338
  • Receive Date: 07 September 2016
  • Accept Date: 20 February 2017