Product development in Islamic banks /
by Ahmed, Habib.
Series: Edinburgh guides to Islamic finance Published by : Edinburgh University Press, (Edinburgh :) Physical details: xi, 260 p. ; 22 cm. ISBN:9780748639519 (hbk.); 0748639519 (hbk.); 0748639527 (pbk.); 9780748639526 (pbk.).| Item type | Current location | Call number | url | Status | Date due | Barcode |
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Books
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Dr Muhammad Hamidullah Library | 90987 | Available | 109965IRI |
Includes bibliographical references (p. 237-254) and index.
1. Introduction -- 2. Islamic law and finance: concepts and principles -- 3. Islamic banking: institutional environment, organisational design and product features -- 4. Innovation and product development: strategy, structure and process -- 5. Product development practices in Islamic banks -- 6. Islamic financial products: categories and controversies -- 7. Shari'ah-based Islamic finance: the way forward -- 8. Conclusion.
A systematic study of the process of developing Islamic financial products for banks. Islamic banking began in the 1970s with the aim of providing financial services compatible with Islamic law. Driven by market forces it has grown rapidly in Muslim countries and in international financial sectors. It is projected to grow at an annual rate of 15-20% and a key factor determining this future growth is the availability of new products that will satisfy the needs of various segments of society. While other texts discuss the basic principles and contracts used in Islamic banking and finance, few discuss how these can be used to develop financial products. This book fills that gap, starting with the basic principles that form the building blocks of contemporary Islamic financial products and then discussing the more intricate issues relating to product development processes
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