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Islamic Financial Product Development: Shariah Analysis

Islamic banking and financial institutions should be able to foresee the needs of the market and roll out Islamic financial products and services in advance of conventional products to ensure constant growth and competitiveness of Islamic banking and financial products. However, Islamic banking a...

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Bibliographic Details
Main Authors: Abdullaah Jalil, Muhamad Muda, Prof. Dato' Dr.
Format: Conference Paper
Language:English
Published: IIiBF 2010
Subjects:
Shariah Analysis
Product Development
Online Access:http://dspace.unimap.edu.my/xmlui/handle/123456789/2893
http://hdl.handle.net/123456789/2893
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spelling my.usim-28932015-07-03T06:41:10Z Islamic Financial Product Development: Shariah Analysis Abdullaah Jalil Muhamad Muda, Prof. Dato' Dr. Shariah Analysis Product Development Islamic banking and financial institutions should be able to foresee the needs of the market and roll out Islamic financial products and services in advance of conventional products to ensure constant growth and competitiveness of Islamic banking and financial products. However, Islamic banking and financial products and services tended to duplicate the conventional ones, resulting in these products losing value and causing some confusion in their interpretation. Hence, it is essential for the Islamic financial institutions to move beyond the adaptation of conventional products and stimulate new ideas that will help the Islamic banking and financial industry nourish. The subject of Islamic financial product development covers various aspects of studies. However, this study aims to analyze the Shariah aspect of Islamic financial product development and discuss the issues arise in the process based on secondary resources. The output of this study should contribute to the advancement of procedure for Islamic financial product development, particularly from the Shariah aspect, as it is the most imperative tool for the Islamic financial institutions to meet their increasing concern about profitability, liquidity, assets value, risk management as well as product acceptability. The study proves that fiqh muamalat discipline provides ample spaces for developing Islamic product development, an area in which Islamic financial institutions should focus their resources. 2010-04-16T01:55:24Z 2010-04-16T01:55:24Z 2007-04 Conference Paper http://hdl.handle.net/123456789/2893 en IIiBF
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
topic Shariah Analysis
Product Development
spellingShingle Shariah Analysis
Product Development
Abdullaah Jalil
Muhamad Muda, Prof. Dato' Dr.
Islamic Financial Product Development: Shariah Analysis
description Islamic banking and financial institutions should be able to foresee the needs of the market and roll out Islamic financial products and services in advance of conventional products to ensure constant growth and competitiveness of Islamic banking and financial products. However, Islamic banking and financial products and services tended to duplicate the conventional ones, resulting in these products losing value and causing some confusion in their interpretation. Hence, it is essential for the Islamic financial institutions to move beyond the adaptation of conventional products and stimulate new ideas that will help the Islamic banking and financial industry nourish. The subject of Islamic financial product development covers various aspects of studies. However, this study aims to analyze the Shariah aspect of Islamic financial product development and discuss the issues arise in the process based on secondary resources. The output of this study should contribute to the advancement of procedure for Islamic financial product development, particularly from the Shariah aspect, as it is the most imperative tool for the Islamic financial institutions to meet their increasing concern about profitability, liquidity, assets value, risk management as well as product acceptability. The study proves that fiqh muamalat discipline provides ample spaces for developing Islamic product development, an area in which Islamic financial institutions should focus their resources.
format Conference Paper
author Abdullaah Jalil
Muhamad Muda, Prof. Dato' Dr.
author_facet Abdullaah Jalil
Muhamad Muda, Prof. Dato' Dr.
author_sort Abdullaah Jalil
title Islamic Financial Product Development: Shariah Analysis
title_short Islamic Financial Product Development: Shariah Analysis
title_full Islamic Financial Product Development: Shariah Analysis
title_fullStr Islamic Financial Product Development: Shariah Analysis
title_full_unstemmed Islamic Financial Product Development: Shariah Analysis
title_sort islamic financial product development: shariah analysis
publisher IIiBF
publishDate 2010
url http://dspace.unimap.edu.my/xmlui/handle/123456789/2893
http://hdl.handle.net/123456789/2893
_version_ 1645151359990759424
score 13.222552

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