... securities, they can have significantly different underlying structures, provisions and shariah‐compliant. In particular, it prohibits the receipt and payment of interest and stipulates that income must be derived from an underlying real business risk rather than as a guaranteed return from interest...

..., and exploiting in a beneficial way the developments in the financial markets. © Emerald Group Publishing Limited 2009 Islam Finance Product innovation Securities Governance Islamic financial institutions can attain competitive advantage through a process of strategic innovation, which...

...Andreas Jobst; Peter Kunzel; Paul Mills; Amadou Sy Purpose The most popular form of Islamic finance is commonly referred to as sukuk – wholesale, asset‐based capital market securities. The purpose of this paper is to enhance the general understanding of essential policy considerations...