Archived Webinar

The Use of Islamic Debt in Energy Sector Projects

This is a joint initiative of the World Bank Group and the Islamic Development Bank.

In many Organization of Islamic Cooperation (OIC) member countries, an increasing number of PPP infrastructure projects are being jointly financed by conventional and Islamic banks. While these projects bring together conventional and Islamic tranches, one frequently asked question is: how are these two financing classes integrated in a single project?

In this webinar, we will discuss the case of a typical IPP project where both conventional and Islamic banks are present as lenders. The case will present the transaction structure and the documentation involved in the structure that put together these two types of lenders in one transaction. While presenting the transaction structure, this webinar will also discuss the case of security sharing, treatment of some conventional fees by the Islamic banks, lenders’ decision-making processes, and the specifics of mobilizing Islamic finance.

The webinar will discuss the Ijara (leasing) mode of financing, as this is the predominant mode of financing used by Islamic banks for funding IPP projects.

Presenter Resources

About the Presenters

Fida Rana

Mr. Fida Rana is a senior PPP expert at the Islamic Development Bank. Fida has long professional experience in project & infrastructure finance, credit risk, Islamic finance, and public private partnerships. He has been a pioneer in structuring and financing infrastructure PPP projects in many countries, especially in emerging and developing economies.

A veteran project finance professional, Fida has been instrumental in arranging, underwriting, and syndicating structured loans in a wide variety of industries (including power, oil and gas, mining, and social infrastructure). Currently, he is leading the PPP origination and execution initiatives of the Islamic Development Bank, which has operations in 56 countries in Asia, Eastern Europe, Africa, and Middle East.

Fida is a regular speaker at international conferences and workshops on public private partnerships and project finance. An alumni of Henley Business School of the University of Reading in the UK, Fida holds a bachelor degree in Economics and Masters degrees in Business Administration and Investment Banking.

Shyamala Shukla

Hassan Idris

Hassan is a lawyer and works as In-House Counsel with the Islamic Development Bank. In this capacity, he also acts as a transaction counsel for infrastructure and trade finance teams. His corporate expertise revolves around legal advisory on energy, banking, capital markets, Islamic finance, and corporate affairs.

Hassan has extensive experience in commercial litigation and has advised on real estate, infrastructure, securities, finance law and Alternative Dispute Resolution (ADR). He has obtained certifications in debt and financial management, Islamic finance, international environmental law, capital markets development, regulations, and risk management.

Prior to joining the Islamic Development Bank, Hassan was the Legal Advisor to the Monument Group in Nigeria. He also established the Legal Department of Jaiz Bank, the first Islamic Bank in Nigeria. Before this, he provided legal and risk management services to Guaranty Trust Bank in Nigeria.

Hassan is an Associate Fellow at the Institute of Islamic Banking and Insurance in the UK, and he holds a professional certificate in Chartered Islamic Finance from the Global University of Islamic Finance, in Malaysia. He holds a Bachelor of Law in Common and Shariah Laws and Masters in Business and Commercial Law from Usmanu Danfodiyo University and Bayero University respectively.

Target Audience

World Bank Group staff; consultants; policymakers in client countries.

Questions Submitted

jose luis

- Jul 24, 2022
muy bueno

Mahaman Mourtala

- Oct 28, 2021


- Jan 29, 2021


- Mar 28, 2020

Joy Mildred Adhiambo

- Dec 13, 2019
The Use of Islamic Debt in Energy Sector Projects


- Jul 30, 2019
The Use of Islamic Debt in Energy Sector Projects

Waqar Aamir

- Jun 8, 2019


- Mar 26, 2019
sangat Menarik


- Jun 26, 2018


- Jun 15, 2018
interesting, thanks
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