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Financial innovation and engineering in Islamic finance Samir Alamad

By: Material type: TextTextSeries: Contributions to management sciencePublication details: Birhimgham, UK : Springer, 2017.Description: xxiii, 225 p. : ill. + maps ; 24 cmISBN:
  • 9783319529462
Subject(s): DDC classification:
  • 332.091767 AL FI
Online resources: Summary: 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 standardized 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.
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Item type Current library Call number Status Date due Barcode
REGULAR University of Wollongong in Dubai Islamic Collection 332.091767 AL FI (Browse shelf(Opens below)) Available T0058073

Includes bibliographical references and index.

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 standardized 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.

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