Islamic financial product innovation
International Journal of Islamic and Middle Eastern Finance and Management
ISSN: 1753-8394
Article publication date: 28 August 2009
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.
Keywords
Citation
Al‐Salem, F.H. (2009), "Islamic financial product innovation", International Journal of Islamic and Middle Eastern Finance and Management, Vol. 2 No. 3, pp. 187-200. https://doi.org/10.1108/17538390910986326
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited