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Discussion and Conclusion

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Financial Innovation and Engineering in Islamic Finance

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

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Abstract

In accordance with the main objectives of this book as stated in Chap. 1, Sect. 1.8, this study has explored the approach of the Islamic banking industry in defining and implementing a religious orientation towards financial innovation and financial engineering at all levels within the Islamic Financial Institutions (IFIs). It also examined various approaches exhibited in individual and institutional behaviour and practices of an IFI in relation to the enactment and application of religious theories into the processes of financial innovation and engineering.

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Notes

  1. 1.

    Financial Conduct Authority (FCA), 2014, FCA Risk Outlook, accessed on 24/05/2015, available from: http://www.fca.org.uk/static/documents/corporate/risk-outlook-2014.pdf.

  2. 2.

    https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/523396/bis-16-265-success-as-a-knowledge-economy.pdf.

  3. 3.

    https://www.gov.uk/government/consultations/sharia-compliant-student-finance.

  4. 4.

    https://www.gov.uk/government/collections/higher-education-and-research-bill.

  5. 5.

    http://www.telegraph.co.uk/education/2016/05/17/muslim-students-to-be-given-charitable-sharia-loans/.

  6. 6.

    http://www.gulf-times.com/story/497246/Al-Rayan-Bank-expert-helps-UK-devise-Shariah-produ.

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Authors and Affiliations

  1. Al Rayan Bank, Birmingham, UK

    Samir Alamad

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  1. Samir Alamad
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Alamad, S. (2017). Discussion and Conclusion. In: Financial Innovation and Engineering in Islamic Finance . Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-319-52947-9_12

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