Good overview of innovation in Islamic banking

by on

http://nykrindc.blogspot.com/2006/10/islamic-banking-innovation-in-islam.html

the report notes that unlike Hadith (traditions attributed to the Prophet Muhammad) which are immutable, Fiqh, which affects all aspects of life, allows Islamic bankers room for maneuver when designing new financial instruments that are both profit-making and compliant with shari’a…

The MEMRI report notes that the increased demand for Muslim financial institutions in the West has also prompted western firms to being providing these services. The report cites, Lloyds, TDS, Deutsche Bank, the Dow Jones Index, and Citigroup among the most notable examples of western firms adapting to tap these new funds.

Written by

glen.mohr
Since 2001, Glen has designed and managed professional development programs that develop leaders and deliver innovative solutions simultaneously. Clients, including Citigroup (11 years), Merrill Lynch (5 years), and PNC (2 years), consistently achieve the goals of more self-aware and capable leaders, ongoing organizational capacity for innovation, and innovative solutions to client needs - of which a high percentage move forward to generate revenue. He has personally coached hundreds of teams and has recruited and trained a team of expert coaches. He holds a Masters from Harvard with a concentration in Technology in Education and a BS in Architecture from the University of Virginia.

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