Produktentwicklungsoptionen im Islamic Banking: Lösungsansätze, Probleme und Missverständnisse

Abstract

Summary/Zusammenfassung Product Development Options in Islamic Banking: Approaches, Problems and Misunderstandings Ever more banks offer Shari'a-conform products, world-wide. When developing such products, it is necessary to take into account factors relating to form and to demand as well as to banking techniques. Factors of form relate to the underlying Islamic contract constructions. Factors pertaining to demand concern the need of products with a religious content including their potential conflicts with economic efficiency. In this context, there is also a question relating to benchmarking yardsticks regarding the quality of Islamic products. Finally, banking technique factors concern civil-law, tax-law, balance-sheet law and supervisory-law aspects. In all of the aforementioned areas exist – not least because of the continuing strong dynamism of product development – unclear problems as well as tensions between religious content and economic efficiency. The Islamic financial system is at crossroads a...