ANALUSIS OF MODERN ISLAMIC FINANCE INSTRUMENTS (ATTORNEY SUKUK) IN OIL, GAS AND PETROCHEMICAL INDUSTRIES

Today the key role of oil, gas and petrochemical industry in the development of countries, increasing need of human societies to its products, has attracted the attention of countries to the construction of manufacturing factories and attracting investment into this industry. However, in the current situation in Iran and various sanctions by Western countries, investment in Iran is facing serious challenges; so the use of local resources, especially capital market capacities can be effective in financing the oil, gas and petrochemical industry. The present study, using the descriptive method is following to confirm the hypothesis that it is financially, legally and operationally feasible to design and issue the law securities as a new Islamic financial instrument in the oil, gas and petrochemical industry. Results of the study indicate that the proposed law securities model, in compliance with risk management strategies, is a useful tool for various financial needs in the oil, gas and petrochemical industries including the provision of working capital and financing the plan.