Innovations in Finance create new products and the success of new products depends on how they provide better solutions to their market than the existing products available. It takes a while to understand and observe the actual impact of such products on the stakeholders as well as the market and economies. Nevertheless, the innovators do attempt to beat or sideline the given regulations and make room for their own interests to be fulfilled. Hence it becomes necessary to evaluate products for their true worth and meaning. This is why it becomes all the more important to study together products and their regulatory issues, particularly discussing the products’ impact on all stakeholders and the socio-economic system. While the Sharia’h defines the sphere of activity of Islamic financial cum business system, there is ample room for development and creativity within those bounds.
This research work analyses sukuk structures as innovative products of Islamic Finance. These sukuk are individually approved by Sharia’h boards and are assumed to be Sharia’h... [continues]
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(2011, 05). Islamic Finance. StudyMode.com. Retrieved 05, 2011, from http://www.studymode.com/essays/Islamic-Finance-710002.html
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"Islamic Finance." StudyMode.com. 05, 2011. Accessed 05, 2011. http://www.studymode.com/essays/Islamic-Finance-710002.html.