Financial innovation in Islamic banking industry: the last thirty years and the next. Working Paper. Research Center for Islamic Economics and Finance, Bangi, Selangor. (2012)
Abstract
Some scholars say that financial innovation is a must. The reasons for this innovation are many. However, the implication could be reflected by the complexity of balance sheet and the number of financial intermediaries. In this paper, we will examine the financial innovation in Islamic banking industry for the last forty years and would suggest for future innovation. But, first, we will discuss what does the theory of financial innovation say? We would suggest two hypotheses in trying to explain on the development of those theories, i.e., economic development led to financial innovation; and financial constraints. Finally, this paper will highlight, what are the missing elements in these theories.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Keywords: | Islamic banking |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Finance |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 01 Oct 2025 08:47 |
| Last Modified: | 01 Oct 2025 08:47 |
| Related URLs: |
Actions (login required)
 |
View Item |