A shared boundary object: financial innovation and engineering in Islamic Financial Institutions

Alamad, Samir, Hidayah, Nunung Nurul and Lowe, Alan (2020) A shared boundary object: financial innovation and engineering in Islamic Financial Institutions. British Accounting Review, [100958]. (doi:10.1016/j.bar.2020.100958).

Record type: Article

Abstract

This paper explores the way in which ethico-faith-based rules act as a boundary object in constraining the process of financial innovation and engineering (FIE) in Islamic Financial Institutions (IFIs). The paper examines how this faith-based approach is enacted in the FIE process amid different social worlds and groups that cooperate without consensus within IFIs. We contribute to studies of governance in faith-based organizations, by identifying the plasticity of faith-based rules that act as boundary objects in the governance of the FIE process. The plasticity of ethico-faith based rules allows coordination among local and global actors with intersecting faith-based values, logics and interests. IFIs ensure that the products of FIE become an integral part of and as compatible as possible with the logics of global financial markets.

Text

A Shared Boundary Object: Financial Innovation and Engineering in Islamic Financial Institutions - Accepted Manuscript

Available under License Creative Commons Attribution Non-commercial No Derivatives.

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