Financial Innovation and Engineering in Islamic Finance

Samir Alamad (Autor)

Buch | Hardcover

XXIII, 225 Seiten

2017 | 1st ed. 2017
Springer International Publishing (Verlag)
978-3-319-52946-2 (ISBN)

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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.

Introduction.- The Context of Islamic Bankin and Finance.- Analysis of Financial Innovation and Engineering in the Literature.- A Historical Analysis of Financial Innovation in Islamic Economics and Finance from Inception to the 16th Century.- A Historical Analysis of Financial Innovation in Islamic Economics and Finance from the 16th Century to Present.- Traditional Theory of Financial Innovation.- Financial Innovation Theory from an Islamic Perspective.- Futures Contracts as an Underlying Product of Financial Engineering in Islamic Finance.- Options Contracts as an Underlying Product of Financial Engineering in Islamic Finance.- Outlining a Framework for Financial Innovation and Engineering in Islamic Finance.- Case Stduy: Analysis of Selected Shariah Compliant Financial Products.- Discussion and Conclusion.

Erscheinungsdatum	04.05.2017
Reihe/Serie	Contributions to Management Science
Zusatzinfo	XXIII, 225 p. 9 illus. in color.
Verlagsort	Cham
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
Schlagworte	Banking • business finance • Corporate Finance • Economics and finance • Finance • Financial Engineering • Financial History • Financial innovation • Islamic Finance
ISBN-10	3-319-52946-3 / 3319529463
ISBN-13	978-3-319-52946-2 / 9783319529462
Zustand	Neuware