Ship Financing in Germany

Ship Financing in Germany

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Master's Thesis from the year 2011 in the subject Business economics - Investment and Finance, grade: 1, 3, University of Hamburg, language: English, comment: Herr Sahler widmet sich einem sehr aktuellen, komplexen und noch wenig bearbeiteten Forschungsgebiet und stellt sich einer hohen Herausforderung, da er mehrere grosse wissenschaftliche Themen analysiert und verknupft. Diese Aufgabe kann er mit seiner Arbeit ausgezeichnet erfullen. Ihm gelingen eine uberzeugende kritische Analyse der aktuellen Literatur und die inhaltliche Begrundung von praxisrelevanten Handlungsempfehlungen. Damit liegt eine weit uberdurchschnittliche Masterarbeit vor.q Prof. Dr. B. und Dr. Z., abstract: The beginnings of modern Islamic finance date back to the 1970s when some financial institutions in Egypt and the Middle East started to offer interest-free financial services in order to comply with the rules laid down in the Sharia. Services, however, were not yet totally Sharia-compliant. Besides a lack of the necessary infrastructure and trained staff, a commonly accepted definition of what constitutes Sharia-compliance was missing. Even today, opinions differ widely if certain presumably Sharia-compliant financial products really deserve the branding. Nevertheless, a wide array of Islamic financial products ranging from home financing to insurance are nowadays available. Though the industry is currently managing Sharia-compliant assets of USD 895 billion, Islamic finance certainly must still be considered as niche market. However, globalization in general and the flow of funds into Muslim oil producing countries in particular could further strengthen the position of Islamic financial products. In comparison, the concept of joining forces to finance ships dates back to the 16th century. Only few could afford to individually provide all the funds needed to finance an entire vessel. Although financing schemes in the shipping industry have become more sophisticated over the centuries, theTo provide a comprehensive analysis about the practicability and purpose of combining Islamic finance and ship financing I sub-divided the research question into three constitutive parts: is it possible to link Islamic finance with shippinganbsp;...

Title:Ship Financing in Germany
Author:Gregor Sahler
Publisher:GRIN Verlag - 2013-08


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