Product Development in Islamic Banks / / Habib Ahmed.

• Superior document: Title is part of eBook package: De Gruyter Edinburgh University Press Backlist eBook-Package 2013-2000
• VerfasserIn: Ahmed, Habib,
• Place / Publishing House: Edinburgh : : Edinburgh University Press, , [2022]; ©2011
• Year of Publication: 2022
• Language: English
• Series: Edinburgh Guides to Islamic Finance : EGIF
• Physical Description: 1 online resource (272 p.) :; 18 B/W tables 5 Figures
• Other title: Frontmatter --; CONTENTS --; ACKNOWLEDGEMENTS --; TABLES AND FIGURES --; NOTE ON ARABIC TERMS AND VENERATION --; CHAPTER 1 INTRODUCTION --; CHAPTER 2 ISLAMIC LAW AND FINANCE: CONCEPTS AND PRINCIPLES --; CHAPTER 3 ISLAMIC BANKING: INSTITUTIONAL ENVIRONMENT, ORGANISATIONAL DESIGN AND PRODUCT FEATURES --; CHAPTER 4 INNOVATION AND PRODUCT DEVELOPMENT: STRATEGY, STRUCTURE AND PROCESS --; CHAPTER 5 PRODUCT DEVELOPMENT PRACTICES IN ISLAMIC BANKS --; CHAPTER 6 ISLAMIC FINANCIAL PRODUCTS: CATEGORIES AND CONTROVERSIES --; CHAPTER 7 SHARI‘AHBASED ISLAMIC FINANCE: THE WAY FORWARD --; CHAPTER 8 CONCLUSION --; GLOSSARY AND ABBREVIATIONS --; BIBLIOGRAPHY --; INDEX
• Format: Mode of access: Internet via World Wide Web.
• ISBN: 9780748644889; 9783110780468
• DOI: 10.1515/9780748644889
• Access: restricted access
• Hierarchical level: Monograph
• Statement of Responsibility: Habib Ahmed.

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.Key FeaturesDiscusses the different stages of the product development cycle in detailIncludes case studies showing the structures of various productsCritically evaluates the issues related to product development including the types of products used by Islamic banks and the approaches adopted in developing themThe author is well-positioned to write this text, having been an economist at the Islamic Development Bank Group in Saudi Arabia (1999-2007)