Tax increment financing (TIF) is one of public financing practices in which future tax revenues of the designated district or any license is sold or assigned to a third party, in exchange for a cash payment. TIF is mostly used by local governments/municipalities to combat fiscal constraints and...

Purpose This paper aims to present the theoretical and conceptual framework of a new method in public finance called "participation based tax increment financing (P-TIF)" by combining conventional tax increment financing (TIF) within the Sharīʿah-compliance structure....