Financial Innovation and Engineering in Islamic Finance by Samir Alamad

By Samir Alamad

This ebook offers very important contributions to latest theories within the monetary innovation literature. First, it extends the prevailing literature of innovation orientation to a totally new box and build that's in line with a spiritual central as a framework in which monetary innovation is limited. It explains how an innovation orientation in IFIs could be directed inside of non secular ideas, which exhibits that innovation orientation in IFIs is a studying philosophy. moment, the ebook introduces and examines the plasticity of Shariah as a shared boundary item and its dynamic position in dealing with pressure and conflicting values within the monetary innovation method. in addition, development at the empirical effects, the examine illustrates the insights that every theoretical lens offers into practices of collaboration and develops a singular analytical framework for realizing non secular orientation in the direction of monetary innovation. This useful contribution, of the built framework, might shape the foundation for a standardised framework for the Islamic finance undefined. The booklet concludes by means of noting the coverage and managerial implications of its findings and gives instructions for additional research.

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