2026-09-20T21:21:16Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/478782022-01-13T07:55:19Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Stewart Myers and Robert C. Merton.
Tahir, Muhammad Rehan
System Design and Management Program.
System Design and Management Program.
2009-10-01T15:57:28Z
2009-10-01T15:57:28Z
1994
2009
http://hdl.handle.net/1721.1/47878
432693077
Thesis (S.M.)--Massachusetts Institute of Technology, System Design and Management Program, June 2009.
"September 2008." Title page has the copyright date of 1994.
Includes bibliographical references.
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.
by Muhammad Rehan Tahir.
S.M.
67 leaves
eng
Massachusetts Institute of Technology
M.I.T. theses are protected by
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http://dspace.mit.edu/handle/1721.1/7582
System Design and Management Program.
A new approach to product development in Islamic finance
Thesis
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Publication
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<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.</Abstract>
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