Juridical Feasibility of Using Jualah Sukuk Based on Project for Financing Infrastructure Projects in Transportation System of Iran

Financial challenges of government in recent years are caused to decrease development budget in annual budget law in Iran thus, financing development projects are faced to serious problems. The foundation of debt market in Iranian capital market in recent years can be used for financing government, public and private companies, and banking system. On the other hand, the most important requirement for partnership of private sector in developing infrastructure projects is existence of suitable financial instruments that is designed based on financial innovation and transportation sector needs including Jualah Sukuk.
In this article, questions are answered by using analytical method Can we design a new financial instrument based on Jualah contract and securitization concept (future cash flows of project), law and regulation of Iranian capital market & transportation sector needs designed an new financial instrument? The result show that we cn design two models of jualah sukuk by using the above concepts.