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A new approach to product development in Islamic finance

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dc.contributor.advisor Stewart Myers and Robert C. Merton. en_US Tahir, Muhammad Rehan en_US
dc.contributor.other System Design and Management Program. en_US 2009-10-01T15:57:28Z 2009-10-01T15:57:28Z 1994 en_US 2009 en_US
dc.description Thesis (S.M.)--Massachusetts Institute of Technology, System Design and Management Program, June 2009. en_US
dc.description "September 2008." Title page has the copyright date of 1994. en_US
dc.description Includes bibliographical references. en_US
dc.description.abstract Islamic Finance is a banking sector which caters to the Muslim population's banking needs by complying with the Islamic financial law. In this research some of the most prevalent financial products in Islamic Finance are surveyed and various forms of Islamic asset securitizations (Sukuks) are studied. Two issues of Islamic asset securitizations (Sukuks) are analyzed in detail. This analysis involves determining how well Sukuks serve the needs of Islamic Finance customers and also their shortcomings. In order to develop more customer-need centric financial products in Islamic Finance a new product development template is proposed. This template is a step-by-step process of developing Islamic financial products and is derived from the best practices of product development in the engineering domain. This methodology aims to formalize and improve the product development process in Islamic Finance. As an illustration of the proposed template, a new product is developed for Islamic Finance using this template. This example illustrates how religious restrictions in Islamic Finance dictate the form and substance of financial products during their development. en_US
dc.description.statementofresponsibility by Muhammad Rehan Tahir. en_US
dc.format.extent 67 leaves en_US
dc.language.iso eng en_US
dc.publisher Massachusetts Institute of Technology en_US
dc.rights M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. en_US
dc.rights.uri en_US
dc.subject System Design and Management Program. en_US
dc.title A new approach to product development in Islamic finance en_US
dc.type Thesis en_US S.M. en_US
dc.contributor.department System Design and Management Program. en_US
dc.identifier.oclc 432693077 en_US

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