العدد الحالي: أيار/ مايو 2019       اختر عدد :
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Farrukh Habib

Research Officer, International Shari`ah Research Academy (ISRA) for Islamic Finance

Farrukh Habib is Research Officer at International Shari’ah Research Academy (ISRA) for Islamic Finance, Kuala Lumpur, Malaysia. He can be contacted at farrukh@isra.my.

مقالات الكاتب :

?Invention and Innovation in Islamic Finance: Where to Look

أبريل 2014

Invention means the creation of a new idea or product; while, innovation involves improving an already existing idea or product. These two concepts are very crucial for an organization to survive in any specific industry, or in the world generally. This is mainly due to the fact that in today’s capitalist economic system the prevalence of cut-throat competition is a basic norm. Don Sheelan was quoted by Chapra (2008) saying: