IDEAS home Printed from https://ideas.repec.org/a/eme/imefpp/v2y2009i3p187-200.html
   My bibliography  Save this article

Islamic financial product innovation

Author

Listed:
  • Fouad H. Al-Salem

Abstract

Purpose - The purpose of this paper is to study the financial product innovativeness of Islamic financial institutions. Design/methodology/approach - A qualitative research methodology is used to collect and analyze the views of practitioners and researchers of Islamic finance. Different assessments are noted which raise the issue of lack of clarity on that subject. Findings - Innovation levels of Islamic financial institutions are low owing to the development of Islamic finance as a new activity. Research limitations/implications - The data available for the study are limited to the views of a small sample of practitioners and researchers in the field of Islamic finance. Practical implications - The major practical implication is the necessity of developing financial product innovativeness programs as a means for survival and growth. Originality/value - The paper demonstrates the value of Islamic financial product innovation within the wider context of product innovation.

Suggested Citation

  • Fouad H. Al-Salem, 2009. "Islamic financial product innovation," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing, vol. 2(3), pages 187-200, August.
  • Handle: RePEc:eme:imefpp:v:2:y:2009:i:3:p:187-200
    as

    Download full text from publisher

    File URL: http://www.emeraldinsight.com/10.1108/17538390910986326?utm_campaign=RePEc&WT.mc_id=RePEc
    Download Restriction: Access to full text is restricted to subscribers

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Shirley Chiu & Robin G. Newberger & Anna L. Paulson, 2005. "Islamic finance in the United States: a small but growing industry," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gratiela Dana BOCA & Lindita MUKAJ & Erjon DUKA, 2014. "A Cross Cultural Quality House in a Global Economy," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 9-16.
    2. Michael T. Skully, 2012. "Securitization Issues and Islamic Financial Products with Reference to Sukuk," Chapters,in: The Islamic Debt Market for Sukuk Securities, chapter 8 Edward Elgar Publishing.
    3. Zurina Shafii & Shahida Shahimi & Adel Saaid, 2016. "The Factors that Influence the Conversion Process from Conventional Banks into Islamic Banking in Libyan Conventional Banks: Proposing Conceptual Framework," International Journal of Academic Research in Management and Business, International Journal of Academic Research in Management and Business, vol. 1(2), pages 77-87, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:imefpp:v:2:y:2009:i:3:p:187-200. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman). General contact details of provider: http://www.emeraldinsight.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.