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Investigating the informal mode of financing utilized for construction financing in Somalia: Some evidence

Author

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  • Mohamed Ibrahim Nor
  • Tajul Ariffin Masron

Abstract

Intermediation is the main objective of any financial industry. While financing services are provided by formal financial institutions in the advanced world, financing services are provided differently in emerging economies. Hence, various alternative modes of financing are used in these countries. The motivation behind this study is to investigate the informal mode of financing employed for construction financing in Somalia. While utilizing time-value of money, this study found that financier-tenants do not consider time in their decision-making. Finally, this study argues that this informal mode of financing is more advantageous to landlords.

Suggested Citation

  • Mohamed Ibrahim Nor & Tajul Ariffin Masron, 2019. "Investigating the informal mode of financing utilized for construction financing in Somalia: Some evidence," African Journal of Science, Technology, Innovation and Development, Taylor & Francis Journals, vol. 11(2), pages 223-233, February.
    • Handle: RePEc:taf:rajsxx:v:11:y:2019:i:2:p:223-233
    DOI: 10.1080/20421338.2018.1551755
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    Cited by:

    1. Mohamed Ibrahim Nor, 2025. "Investigating the Socio-Cultural Dimensions of Financial Practices in the Fragile States: Lessons from Somalia," SAGE Open, , vol. 15(4), pages 21582440251, December.
    2. Olatundun Olanrewaju & Abegunde Adebare Samuel & Olaniyan Adenle Akindele & Kehinde Sefiu Abidoye, 2025. "Assessment of Initial Rent Financing Methods and Rent Sustainability among Residential Tenants in Ibadan, Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(9), pages 5489-5502, September.

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