Innovation in Islamic finance the way forward
This paper attempts at exploring the process of innovation in modern Islamic finance. It argues that although the practice of replication is working well as far as the Islamic finance industry is concerned, the long term practice will harm the industry. Hence the paper proposes that a paradigm shift...
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2013
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| Online Access: | http://irep.iium.edu.my/35468/ http://irep.iium.edu.my/35468/1/35468_Innovation%20in%20Islamic%20finance%20the%20way%20forward.pdf http://irep.iium.edu.my/35468/2/AIKOL_2013_JOINT_CONFERENCE_SCHEDULE.pdf |
| _version_ | 1848781059764781056 |
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| author | Hasan, Aznan |
| author_facet | Hasan, Aznan |
| author_sort | Hasan, Aznan |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper attempts at exploring the process of innovation in modern Islamic finance. It argues that although the practice of replication is working well as far as the Islamic finance industry is concerned, the long term practice will harm the industry. Hence the paper proposes that a paradigm shift is needed in the innovation process, to ensure not only Shariah compliant of the products to be innovated, but also its viability and resilient in facing the challenging world of finance |
| first_indexed | 2025-11-14T15:43:33Z |
| format | Proceeding Paper |
| id | iium-35468 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T15:43:33Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-354682021-06-24T00:28:43Z http://irep.iium.edu.my/35468/ Innovation in Islamic finance the way forward Hasan, Aznan HG4001 Financial management. Business finance. Corporation finance. This paper attempts at exploring the process of innovation in modern Islamic finance. It argues that although the practice of replication is working well as far as the Islamic finance industry is concerned, the long term practice will harm the industry. Hence the paper proposes that a paradigm shift is needed in the innovation process, to ensure not only Shariah compliant of the products to be innovated, but also its viability and resilient in facing the challenging world of finance 2013-09-19 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/35468/1/35468_Innovation%20in%20Islamic%20finance%20the%20way%20forward.pdf application/pdf en http://irep.iium.edu.my/35468/2/AIKOL_2013_JOINT_CONFERENCE_SCHEDULE.pdf Hasan, Aznan (2013) Innovation in Islamic finance the way forward. In: International Conference on Islamic Commercial Law 2013 (ICCL 2013), 18-19 September 2013, AIKOL, IIUM. (Unpublished) |
| spellingShingle | HG4001 Financial management. Business finance. Corporation finance. Hasan, Aznan Innovation in Islamic finance the way forward |
| title | Innovation in Islamic finance the way forward |
| title_full | Innovation in Islamic finance the way forward |
| title_fullStr | Innovation in Islamic finance the way forward |
| title_full_unstemmed | Innovation in Islamic finance the way forward |
| title_short | Innovation in Islamic finance the way forward |
| title_sort | innovation in islamic finance the way forward |
| topic | HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/35468/ http://irep.iium.edu.my/35468/1/35468_Innovation%20in%20Islamic%20finance%20the%20way%20forward.pdf http://irep.iium.edu.my/35468/2/AIKOL_2013_JOINT_CONFERENCE_SCHEDULE.pdf |