Product Development In Islamic Banks

Product Development in Islamic Banks PDF
Author: Habib Ahmed
Publisher: Edinburgh University Press
ISBN: 0748644881
Size: 19.46 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 272
View: 6428

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Product Development In Islamic Banks

by Habib Ahmed, Product Development In Islamic Banks Books available in PDF, EPUB, Mobi Format. Download Product Development In Islamic Banks books, A systematic study of the process of developing Islamic financial products for banks.Islamic banking began in the 1970s with the aim of providing financial services compatible with Islamic law. Driven by market forces it has grown rapidly in Muslim countries and in international financial sectors. It is projected to grow at an annual rate of 15-20% and a key factor determining this future growth is the availability of new products that will satisfy the needs of various segments of society.While other texts discuss the basic principles and contracts used in Islamic banking and finance, few discuss how these can be used to develop financial products. This book fills that gap, starting with the basic principles that form the building blocks of contemporary Islamic financial products and then discussing the more intricate issues relating to product development processes.Key FeaturesDiscusses the different stages of the product development cycle in detailIncludes case studies showing the structures of various productsCritically evaluates the issues related to product development including the types of products used by Islamic banks and the approaches adopted in developing themThe author is well-positioned to write this text, having been an economist at the Islamic Development Bank Group in Saudi Arabia (1999-2007)


Product Development In Islamic Banks

Product Development in Islamic Banks PDF
Author: Habib Ahmed
Publisher: Edinburgh University Press
ISBN: 0748639527
Size: 65.51 MB
Format: PDF, Mobi
Category : Religion
Languages : en
Pages : 260
View: 3146

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Product Development In Islamic Banks

by Habib Ahmed, Product Development In Islamic Banks Books available in PDF, EPUB, Mobi Format. Download Product Development In Islamic Banks books, Edinburgh Guides to Islamic Finance is a series of short guides to key areas in Islamic finance, offering an independent academic perspective and a critical treatment. `Essential reading for those interested in having in-depth knowledge of the nature of product innovation and development in Islamic banks... Habib Ahmed offers new ideas in addressing some of the current challenges in a systematic way in this timely book.' Roszaini Haniffa, Professor of Accounting, Hull University Business School, UK Islamic banking began in the 1970s with the aim of providing financial services compatible with Islamic law. Driven by market forces, it has grown rapidly in Muslim countries and in international financial sectors. It is projected to grow at an annual rate of 15-20% and a key factor determining this future growth is the availability of new products that will satisfy the needs of various segments of society. This book shows how the principles and contracts used in Islamic banking and finance can be used to develop financial products. Starting with the basic tenets of Shari'ah and the legal and regulatory environment under which Islamic banks operate, it then discusses the more intricate issues relating to product development processes.


Financial Innovation And Engineering In Islamic Finance

Financial Innovation and Engineering in Islamic Finance PDF
Author: Samir Alamad
Publisher: Springer
ISBN: 3319529471
Size: 79.26 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 225
View: 7193

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Financial Innovation And Engineering In Islamic Finance

by Samir Alamad, Financial Innovation And Engineering In Islamic Finance Books available in PDF, EPUB, Mobi Format. Download Financial Innovation And Engineering In Islamic Finance books, This book provides two important contributions to existing theories in the financial innovation literature. First, it extends the existing literature of innovation orientation to a completely new field and construct that is based on a religious imperative as a framework within which financial innovation is constrained. It explains how an innovation orientation in IFIs can be directed within religious rules, which indicates that innovation orientation in IFIs is a learning philosophy. Second, the book introduces and examines the plasticity of Shariah as a shared boundary object and its dynamic role in managing tension and conflicting values in the financial innovation process. Furthermore, building on the empirical results, the study illustrates the insights that each theoretical lens affords into practices of collaboration and develops a novel analytical framework for understanding religious orientation towards financial innovation. This practical contribution, of the developed framework, could form the basis for a standardised framework for the Islamic finance industry. The book concludes by noting the policy and managerial implications of its findings and provides directions for further research.


Shari Ah Approaches To Product Development And Product Enhancement In Islamic Banking And Finance

Shari ah Approaches to Product Development and Product Enhancement in Islamic Banking and Finance PDF
Author: Mohd Daud Bakar
Publisher:
ISBN:
Size: 65.62 MB
Format: PDF, ePub, Mobi
Category : Banks and banking
Languages : en
Pages :
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Shari Ah Approaches To Product Development And Product Enhancement In Islamic Banking And Finance

by Mohd Daud Bakar, Shari Ah Approaches To Product Development And Product Enhancement In Islamic Banking And Finance Books available in PDF, EPUB, Mobi Format. Download Shari Ah Approaches To Product Development And Product Enhancement In Islamic Banking And Finance books,


Financial Engineering In Islamic Finance The Way Forward

Financial Engineering in Islamic Finance the Way Forward PDF
Author: Hussain Kureshi; Septia Irani Mukhsia
Publisher: Partridge Publishing Singapore
ISBN: 1482828448
Size: 49.55 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 222
View: 7207

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Financial Engineering In Islamic Finance The Way Forward

by Hussain Kureshi; Septia Irani Mukhsia, Financial Engineering In Islamic Finance The Way Forward Books available in PDF, EPUB, Mobi Format. Download Financial Engineering In Islamic Finance The Way Forward books, Financial Engineering in Islamic Finance the Way Forward: A Case for Islamic Derivatives has been envisioned as a sequel to Contracts and Deals in Islamic Finance: A User’s Guide to Cash Flows, Balance Sheets, and Capital Structures. Product development in Islamic finance bas been based upon the usage of various sale and lease contracts and combinations of the same. In our current work, we explore the idea even further and look at structures based on the concept of wa’d. Islamic banks need to develop structures that behave like options and futures, and the shariah community needs to look closely at issues related to forward sales. In this book, we have explored these avenues, made recommendations, and have hopefully encouraged some dialogue in this area.


Governance Risk Management And Financial Product Development In Islamic Financial Institutions

Governance Risk Management and Financial Product Development in Islamic Financial Institutions PDF
Author: Michael Bock
Publisher: GRIN Verlag
ISBN: 364071279X
Size: 65.27 MB
Format: PDF, ePub, Mobi
Category :
Languages : en
Pages : 136
View: 6602

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Governance Risk Management And Financial Product Development In Islamic Financial Institutions

by Michael Bock, Governance Risk Management And Financial Product Development In Islamic Financial Institutions Books available in PDF, EPUB, Mobi Format. Download Governance Risk Management And Financial Product Development In Islamic Financial Institutions books, Master's Thesis from the year 2010 in the subject Business economics - Investment and Finance, grade: 1,7, Maastricht University (School of Business and Economics), course: -, language: English, comment: Die Arbeit behandelt Governance Risk Faktoren (Operational Risk, Reputation Risk, Transparency Risk, Shari'ah Risk und Fiduciary Risk) und erweitert diese Faktoren um einen weiteren Risikoaspekt, Marketing Risk. Diese Faktoren werden im Kontext von der Finanzproduktentwicklung, Risikomanagement und dem Erfolg von neuen Finanzprodukten auf dem Markt prasentiert. Am Ende wird die Frage beantwortet: How can a new product development model be applied to Islamic financial product development and how to address governance risk management in order to contribute towards new product success?, abstract: 1.1 General Introduction to the Topic Islamic finance is on the march. The underlying logic is simple: All investments and services are consistent with the principles of Islamic law, called Shari'ah, which literally means 'a clear path to be followed and observed' (Hourani, 2004a). This clear path is followed only if profit does not stem from interest (riba), speculation (gharrar) or sectors that are considered sinful according to the Qur'an (haraam), namely everything that involves alcohol, tobacco, entertainment, gambling or pork, just to name a few. The high potential of Islamic finance is clear for three reasons. The first reason relates to the emergence of a new consumer type, as there is increased demand for a Shari'ah-compliant way of investing that stems from increased globalization. The middle class from emerging markets rose from one third to 56 percent between the 1990s and 2006 (The Economist, 2009). Many Muslim countries can be found in the list of emerging markets, such as Egypt, Pakistan and Indonesia. With the Muslim population of the world exceeding 1.5 billion people (about 21 percent of the world population) and due to the fact that it is the fastest growi"


Financial And Accounting Principles In Islamic Finance

Financial and Accounting Principles in Islamic Finance PDF
Author: Samir Alamad
Publisher: Springer
ISBN: 3030162990
Size: 42.16 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 354
View: 2645

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Financial And Accounting Principles In Islamic Finance

by Samir Alamad, Financial And Accounting Principles In Islamic Finance Books available in PDF, EPUB, Mobi Format. Download Financial And Accounting Principles In Islamic Finance books, This book provides an original account detailing the origins and components of a faith-based accounting system that was founded around 629 CE. By examining the historical development that the accounting systems underwent within the context of faith-based rules and values, the book explains what is meant by the term “faith-based accounting”, together with a discussion of its characteristics in relation to various product structures and the underlying Islamic finance principles. It provides important theoretical and practical contributions by explaining accounting as a value-based science rather than a value-free object or abstract. This book explores the way in which religious rules act as a directive for accounting and auditing practices in IFIs. Through which the concept of money and digital currency within the theory of money and how it is enacted in a faith-based context, amid differences of opinions among its actors, is examined. This is an important foundation to explain Islamic accounting and includes how this outcome would shape the faith-based view regarding the new phenomenon of digital currency (DC). Also featured is the concept of paper money within the theory of money and how it is enacted in a faith-based legal framework by identifying two core concepts of today’s Fiat money as being a single genus or multi-genera money. This book is not merely an academic work, nor is it a pure practitioner guide; rather, it is a robust work that combines both. It marries rigorous academic research and theories with practical industry experiences. The book provides a clear and concise guide to accounting in Islamic economics and finance and how Islamic financial institutions could meet the applicable faith-based rules in their accounting practices.


Economic Development And Islamic Finance

Economic Development and Islamic Finance PDF
Author: Zamir Iqbal
Publisher: World Bank Publications
ISBN: 0821399543
Size: 17.28 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 372
View: 5970

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Economic Development And Islamic Finance

by Zamir Iqbal, Economic Development And Islamic Finance Books available in PDF, EPUB, Mobi Format. Download Economic Development And Islamic Finance books, Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.


Derivatives In Islamic Finance

Derivatives in Islamic Finance PDF
Author: Sherif Ayoub
Publisher: Edinburgh University Press
ISBN: 0748695729
Size: 50.19 MB
Format: PDF
Category : Religion
Languages : en
Pages : 224
View: 791

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Derivatives In Islamic Finance

by Sherif Ayoub, Derivatives In Islamic Finance Books available in PDF, EPUB, Mobi Format. Download Derivatives In Islamic Finance books, Shedding light on the way the Islamic finance industry conceptualises the role of financial instruments in a market risk management framework that adheres to the objectives of Islamic jurisprudence, Sherif Ayoub explains the issues surrounding the avoidan


Legal Regulatory And Governance Issues In Islamic Finance

Legal  Regulatory and Governance Issues in Islamic Finance PDF
Author: Rodney Wilson
Publisher: Edinburgh University Press
ISBN: 0748655271
Size: 49.81 MB
Format: PDF, Docs
Category : Religion
Languages : en
Pages : 256
View: 3140

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Legal Regulatory And Governance Issues In Islamic Finance

by Rodney Wilson, Legal Regulatory And Governance Issues In Islamic Finance Books available in PDF, EPUB, Mobi Format. Download Legal Regulatory And Governance Issues In Islamic Finance books, A detailed examination of Islamic banking laws and regulatory systems governing Islamic finance worldwide