Islamic financial product innovation

International Journal of Islamic and Middle Eastern Finance and Management

Volumn 2, Issue 3, 2009, Pages 187-200

  Al Salem, Fouad H ^a  

^a GULF UNIVERSITY FOR SCIENCE AND TECHNOLOGY   (Kuwait)

Author keywords

Finance; Governance; Islam; Product innovation; Securities

Indexed keywords

EID: 84881607052     PISSN: 17538394     EISSN: 17538408     Source Type: Journal    
DOI: 10.1108/17538390910986326     Document Type: Article

References (64)

1. Al Alaywi, R. (2006), “Islamic banking products”, Al Qabas Newspaper, September 1.
2. Al Aloush, M. (2005), Interview, Al Qabas Newspaper, 10 April.
3. Al Bahar, A. (2005), Presentation, paper presented at 2nd Islamic Banking.
4. Al Bahar, B. (2006), Interview, Al Qabas Newspaper, July 10.
5. Al Manea, M. (2006), “Sukuk, a promising financial instrument”, Al Qabas Newspaper, paper presented at 3rd Islamic Banking Conference, Jeddah, May 1.
6. Al Miraj, R. (2006), Al Qabas Newspaper, Statement, paper presented at International Conference of Islamic Funds and Capital Markets, Manama, May 8.
7. Al Mobarak, M. (2007), Al Qabas Newspaper, Presentation, paper presented at First Securitization Conference, Kuwait, March 6.
8. Al Musallam, A. (2006), Al Qabas Newspaper, Presentation, paper presented at 3rd Islamic Banking Conference, May 6.
9. Al Muzaini, Y. (2005), Statement, Al Qabas Newspaper, April 17.
10. Al Saleh, M. (2006), Al Qabas Newspaper, Presentation, paper presented at 3rd Islamic Banking Conference, April 5.
11. Al Tawari, M. (2006), Presentation, paper presented at 2nd Islamic banking Conference, April 5.
12. Al Yasseen, B. (2007), Interview, Al Qabas Newspaper, March 7.
13. Ameen, N. (2005), Presentation, Al Bahrain Monetary Agency, available at: www.bma.org.
14. Arbuna, M. (2006), Al Qabas Newspaper, Islamic Services Board Conference, March 29, p. 48.
15. Baker, W.E. and James, J.M. (2005), “Market orientation and the new product paradox”, Journal of Product Innovation Management, Vol. 22 No. 6, pp. 483-502.
16. Bettzuge, M.O. and Hens, T. (2001), “An evolutionary approach to financial innovation”, Review of Economic Studies, Vol. 68 No. 3, pp. 493-522.
17. Boodai, A. (2006), “Bait Al Awraq Al Maliyya, interview”, Al Qabas Newspaper, April 16.
18. Box, T. (2005), “Islamic finance turns to securitization”, International Financial Law Review, Vol. 24 No. 7, pp. 21-4.
19. Calvert, L., Gonzalez-Eiras, M. and Sodini, P. (2004), “Financial innovation, market participation, and asset prices”, Journal of Financial and Quantitative Analysis, Vol. 39 No. 3, pp. 431-59.
20. Carlucci, D. and Schiuma, G. (2006), “Knowledge asset value spiral: linking knowledge assets to company's performance”, Knowledge and Process Management, Vol. 13 No. 1, pp. 35-46.
21. Chiu, S. and Robin, N. (2005), Islamic Finance in the United States: A Small But Growing Industry, Fed Letter, No. 214, Federal Reserve Bank of Chicago, Chicago, IL.
22. Chiu, S. and Robin, N. (2006), Islamic Finance, Meeting Financial Needs With Faith-Based Products, Research Review, Federal Reserve Bank of Chicago, February.
23. Chou, Y.K. (2007), “Modeling financial innovation and economic growth: why the financial sector matters to the real economy?”, Journal of Economic Education, Vol. 38 No. 1, pp. 78-90.
24. De Belder, R. and Chris, R. (1999), “An overview of project finance and Islamic finance”, International Financial Law Review, Banking Yearbook, London, pp. 40-4.
25. El-Gamal, M.A. (2006), “Overview of Islamic finance”, Occasional Paper No. 4, Office of International Affairs, Department of the Treasury, Washington, DC.
26. El Qorchi, M. (2005), “Islamic finance gears up”, Finance & Development, International Monetary Fund, Vol. 24 No. 4.
27. Euromoney (2006), “Islamic financial product of the year: CIMB Islamic for Islamic profit rate swap”, Euromoney, January.
28. Frame, S. and Lawrence, W. (2004), “Empirical studies of financial innovation: lots of talk, little action?”, Journal of Economic Literature, pp. 116-44, XLII.
29. George, E. (2005), “There is an urgent need to understand the precise nature of Islamic financial services”, Financial World, p. 17.
30. Govindrajan, V. and Chris, T. (2005), “Organization DNA for strategic innovation”, California Management Review, Vol. 47 No. 3, pp. 47-76.
31. Hafeth, O. (2006), “Islamic banking products”, Al Qabas Newspaper, September 1.
32. Hamwi, B. and Aylward, A. (1999), “Islamic finance, a growing international market”, Thunderbird International Business Review, Vol. 41 Nos 4/5, pp. 407-20.
33. Hasanein, F. (2005), Al Qabas Newspaper, Presentation, paper presented at 2nd Islamic Banking Conference, April 18.
34. Hassoune, A. (2004), “Islamic banking: a unique differentiation strategy for Gulf financial institutions”, Standard and Poors, November.
35. HSBC (2004), HSBC, available at: www.hsbc.com (accessed May 14).
36. IMF (2006), “Global stability financial report, the influence of credit-derivative and structured markets on financial stability”, Report, International Monetary Fund, Washington, DC, April.
37. International Financial Law Review (2004), “Client guide to Islamic finance”, International Financial Law Review, Vol. 23 No. 5, p. 45.
38. International Financial Law Review (2005), “Securitization opportunities in the Muslim world”, International Financial Law Review, Vol. 24 No. 7.
39. Iqbal, Z. (1999), “Financial engineering in Islamic finance”, Thunderbird International Business Review, Vol. 41 Nos 4/5, pp. 541-59.
40. Katila, R. and Ahuja, G. (2002), “Something old something new: a longitudinal study of search behavior and new product introduction”, Academy of Management Journal, Vol. 45, pp. 1183-94.
41. Kwan, S.H. (2001), “Financial modernization and banking theories”, FRSB Economic Letter, December.
42. Lane, K. (2006), “Non-Muslims jump into Sukuk: expands global financing ties”, Online Wall Street Journal, November.
43. Lauri, D., Doz, Y. and Sheer, C. (2006), “Creating new growth platforms”, Harvard Business Review, Vol. 84 No. 5.
44. Liquidity Management Center (2008), Liquidity Management Center, available at: www.lbcbahrain.com.
45. Lyons, R., Chatman, J. and Joyce, K. (2007), “Innovation in services: corporate culture and investment banking”, California Management Review, Vol. 50 No. 1.
46. Martin, J. (2006), “Islamic banking raises interest”, Management Review, Vol. 86 No. 10, pp. 25-9.
47. Middle East Economic Digest (2007), “Chartered to offer new Islamic products”, Middle East Economic Digest, Vol. 51 No. 10, p. 35.
48. Mishaal, A. (2006), Financial Consultant-Al Mashoora for Sharia Studies, Means and Methods to Develop Islamic Banks and Financial Institutions, paper presented at 2nd Islamic Banking Conference, 18 April.
49. Moore, W. and Edgar, P. (1993), Product Planning Management, Designing And Delivering Value, McGraw-Hill, New York, NY, p. 11.
50. Moore, W. and Pessemier, E. (2004), Product Planning and Management, Designing and Delivering Value, McGraw-Hill, New York, NY, p. 11.
51. Munsung, R. and Satish, M. (2006), “Aligning operations, marketing, and competitive strategies to enhance performance: an empirical test in the retail banking industry”, Omega, Vol. 34 No. 5, Oxford, pp. 505-15.
52. Obaidullah, M. (2005), Ratings of Islamic Financial Institutions, Some Methodological Suggestions, Islamic Economics Research Center, King Abdul Azeez University, Saudi Arabia, Jeddah.
53. Rifaat, A. (2006), Presentation, Al Qabas Newspaper, March 29.
54. Shiller, R. (2006), “Tools for financial innovation, neoclassical versus behavioral finance”, Financial Review, Vol. 41 No. 1, pp. 1-8.
55. Sowaylem, S. (2006), “Islamic Banking Products”, Al Qabas Newspaper, September 1.
56. Subramanian, M. and Youndt, M. (2005), “The influence of intellectual capital on the type of innovative capabilities”, Academy of Management Journal, Vol. 48 No. 3, pp. 450-63.
57. Tomlinson, H. (2007), “Lending Credibility”, Middle East Economic Digest, February 16-22.
58. Wheatley, M. (2005), “Mapping Hong Kong's Future”, International Financial Law Review, Vol. 24 No. 11, pp. 17-19.
59. Wheelwright, S. and Clark, K. (1992), Revolutionizing Product Development: Quantum Leaps in Speed, Efficiency, and Quality, The Free Press, New York, NY.
60. Yasseen, M. (2005), Al Qabas Newspaper, Presentation, paper presented at International Conference on Islamic Investment Funds, June 10.
61. Zaher, T. and M Kabir, H. (2007), “A comparative literature survey of Islamic finance and banking”, Financial Markets, Institutions, and Instruments, Vol. 10 No. 4, p. 155.
62. Zawya (2005), Zawya, available at: www.zawya.com, September.
63. Al Qabas Newspaper (2005), Al Qabas Newspaper, available at: www.alqabas.com (accessed April 25).
64. Iqbal, Z. and Hiroshi, T. (2006), Emerging Islamic Capital Markets, World Bank, New York NY.