Innovation in Islamic finance: The way forward

• Main Authors: Hasan, Aznan, Darwar Khan, Sarfaraz, Noordin, Nazrul Hazizi
• Format: Article
• Language: English; English; English
• Published: International Islamic University Malaysia 2016
• Subjects: HG Finance
• Online Access: http://irep.iium.edu.my/56484/1/56484_Innovation%20in%20Islamic%20finance.pdf; http://irep.iium.edu.my/56484/8/56484_Innovation%20in%20Islamic%20finance_WoS.pdf; http://irep.iium.edu.my/56484/18/56484_innovasion%20in%20Islamic%20finance_scopus.pdf; http://irep.iium.edu.my/56484/; http://journals.iium.edu.my/shajarah/index.php/shaj/article/view/410

Developing modern Islamic financial products can be very challenging due to a number of constraints from different aspects, including the formation of regulatory, taxation and economic frameworks that are based on conventional principles. Much emphasis was given to replication of conventional instr...