04306nam 22006135 450 991025502950332120200702234320.03-319-52947-110.1007/978-3-319-52947-9(CKB)3710000001176691(DE-He213)978-3-319-52947-9(MiAaPQ)EBC4841614(EXLCZ)99371000000117669120170413d2017 u| 0engurnn|008mamaatxtrdacontentcrdamediacrrdacarrierFinancial Innovation and Engineering in Islamic Finance /by Samir Alamad1st ed. 2017.Cham :Springer International Publishing :Imprint: Springer,2017.1 online resource (XXIII, 225 p. 9 illus. in color.) Contributions to Management Science,1431-19413-319-52946-3 Includes bibliographical references and index.Introduction -- The Context of Islamic Bankin and Finance -- Analysis of Financial Innovation and Engineering in the Literature -- A Historical Analysis of Financial Innovation in Islamic Economics and Finance from Inception to the 16th Century -- A Historical Analysis of Financial Innovation in Islamic Economics and Finance from the 16th Century to Present -- Traditional Theory of Financial Innovation -- Financial Innovation Theory from an Islamic Perspective -- Futures Contracts as an Underlying Product of Financial Engineering in Islamic Finance -- Options Contracts as an Underlying Product of Financial Engineering in Islamic Finance -- Outlining a Framework for Financial Innovation and Engineering in Islamic Finance -- Case Stduy: Analysis of Selected Shariah Compliant Financial Products -- Discussion and Conclusion. .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.Contributions to Management Science,1431-1941Financial engineeringBusiness enterprises—FinanceBanks and bankingFinance—HistoryFinancial Engineeringhttps://scigraph.springernature.com/ontologies/product-market-codes/612020Business Financehttps://scigraph.springernature.com/ontologies/product-market-codes/512000Bankinghttps://scigraph.springernature.com/ontologies/product-market-codes/626010Financial Historyhttps://scigraph.springernature.com/ontologies/product-market-codes/617000Financial engineering.Business enterprises—Finance.Banks and banking.Finance—History.Financial Engineering.Business Finance.Banking.Financial History.332.091767Alamad Samirauthttp://id.loc.gov/vocabulary/relators/aut870331MiAaPQMiAaPQMiAaPQBOOK9910255029503321Financial Innovation and Engineering in Islamic Finance1942938UNINA