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© 2017

Financial Innovation and Engineering in Islamic Finance

Book

Part of the Contributions to Management Science book series (MANAGEMENT SC.)

About this book

Introduction

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.

Keywords

Financial Engineering Islamic Finance Banking Financial Innovation Finance

Authors and affiliations

  1. 1.Al Rayan BankBirminghamUnited Kingdom

Bibliographic information

  • Book Title Financial Innovation and Engineering in Islamic Finance
  • Authors Samir Alamad
  • Series Title Contributions to Management Science
  • Series Abbreviated Title Contributions to Management Science(Physica)
  • DOI https://doi.org/10.1007/978-3-319-52947-9
  • Copyright Information Springer International Publishing AG 2017
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-3-319-52946-2
  • Softcover ISBN 978-3-319-85022-1
  • eBook ISBN 978-3-319-52947-9
  • Series ISSN 1431-1941
  • Series E-ISSN 2197-716X
  • Edition Number 1
  • Number of Pages XXIII, 225
  • Number of Illustrations 0 b/w illustrations, 9 illustrations in colour
  • Topics Financial Engineering
    Business Finance
    Banking
    Financial History
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking