Successful application and integration of Islamic instruments with the conventional financing has helped in this area while facilitating closure of large and complex multisource financing deals. Project financing, backed by asset and equity and structured using combination of Ijara, Istisna,, Sukuk and Musharika etc. has offered opportunities for risk diversification, avenues for resource mobilization and revenue sharing and performance of services between contractual parties.
We have known for years now that the exchange of information between supervisory authorities is hampered by the lack of or an inadequate legal basis. Incidentally, this particular impediment not only obstructs resolution regimes but also affects many different areas of the G20 financial sector reform agenda.