What is it about?
This article explains how to do Islamic export finance. Risk management and Shari'ah compliance aspects taken into consideration while developing this product.
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Why is it important?
Islamic finance industry needs new products to cater economic activity. Export finance is one of the areas in which Islamic finance can grow.
Perspectives
Islamic finance industry is still not able to develop new products to expand it share in the global market. The new products introduced focus on Risk Mitigation and in many cases for this purpose they ease Shari'ah compliance. This article is important since it introduce possible export financing schemes while taking Risk Management and Shari'ah compliance together into consideration.
Dr ahmet suayb Gundogdu
Islamic Development Bank
Read the Original
This page is a summary of: Exploring novel Islamic finance methods in support of OIC exports, Journal of Islamic Accounting and Business Research, April 2016, Emerald,
DOI: 10.1108/jiabr-04-2014-0015.
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