- International Journal of Arts and Social Studies
- Vol: 1 Issue: 1
- Financial engineering and its importance for Islamic Banks
Financial engineering and its importance for Islamic Banks
Authors : Aza Alhasadi, Iman Ilhusadi
Pages : 13-30
View : 13 | Download : 5
Publication Date : 2018-12-01
Article Type : Other
Abstract :Islamic banks seek always to keep a variety of financial instruments and products to enable them to liquidity management a way that a profitable,in addition to provide appropriate flexibility in order to respond to the economic environment variables. For this reason, financial engineering is considered the right tool to achieve it. So it is working to find innovative solutions and new financial instruments with high economic efficiency. The purpose of this paper is to illustrate the importance of financial engineering for Islamic Banks and know the obstacles that faced it by looking at previous studies and find out the results and their interpretation. this study reached to that the financial engineering plays a role in the development of Islamic banking by creating financial products with economic efficiency and correspond with law IslamicKeywords : Financial engineering, Islamic banks, Instruments, Securitization