Revue Internationale de la Finance Entrepreneuriale
Abstract
The WEF’s Global Risks 2015 report stated that global water crises are the biggest threat facing the planet over the next decade. Currently, 1.6 billion people live in countries with water scarcity and expected to rise to 2.8 billion people by 2025. Despite this, a staggering 32 billion cubic meters of treated water is lost around the world, costing US$14 billion due to aging pipelines that distribute drinking water. There are 42,977 km of asbestos-cement (AC) pipes in Malaysia that are over 60 years old that need to be replaced to reduce leakages. The study found that the AC pipes can be replaced within 20 years and 3.8 billion cubic meters of water, worth RM 4.5 billion can be saved from leakage. The paper also looks at financing of water infrastructure from Islamic history and proposes a decentralized approach that allows the community to be directly involved in ensuring water security for themselves
