Conferences

The Methodology of Product Development Needed for Islamic Banks to Uphold Corporate Social Responsibility

Submitted by siteadmin on Thu, 03/26/2020 - 10:11

Unarguably the current methodology of product development in Islamic finance has failed to reflect the social dimension embedded in Islamic economics. This is evidenced by the nature of the current financing products in Islamic banks being hardly distinguishable from that of conventional products, according to critics and observers. Therefore, a substantial change is required in this methodology in order to observe the social responsibility while structuring a financing product.