Authors:
- Provides the reader with a comprehensive and original account of what constitutes a religious orientation towards financial innovation and engineering in IFIs
- Explains the role of religious rules in the financial innovation and engineering processes and how this role is enacted, and equips the reader with a practical framework for financial product development in IFIs
- Explores the historical context of financial innovation and engineering in the Islamic finance and economics thoughts over 14 centuries
Part of the book series: Contributions to Management Science (MANAGEMENT SC.)
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Table of contents (12 chapters)
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Front Matter
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Back Matter
About this book
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.
Authors and Affiliations
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Al Rayan Bank, Birmingham, United Kingdom
Samir Alamad
Bibliographic Information
Book Title: Financial Innovation and Engineering in Islamic Finance
Authors: Samir Alamad
Series Title: Contributions to Management Science
DOI: https://doi.org/10.1007/978-3-319-52947-9
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer International Publishing AG 2017
Hardcover ISBN: 978-3-319-52946-2Published: 21 April 2017
Softcover ISBN: 978-3-319-85022-1Published: 19 July 2018
eBook ISBN: 978-3-319-52947-9Published: 13 April 2017
Series ISSN: 1431-1941
Series E-ISSN: 2197-716X
Edition Number: 1
Number of Pages: XXIII, 225
Number of Illustrations: 9 illustrations in colour
Topics: Financial Engineering, Business Finance, Banking, Financial History