Strategies and approaches to developing Islamic financial engineering products, and the most important challenges they face in managing risks of financial institutions.

Abstract

This paper aims to study the most important strategies and approaches to the development of Islamic financial engineering products, in addition to the most important challenges faced, where Islamic financial engineering is a source of creativity and innovation needed by financial institutions of all kinds. It aims to create new products or improve existing products in accordance with Islamic Sharia regulations, to formulate solutions to financing problems.

To achieve this goal, Islamic financial institutions adopt a range of approaches and strategies in the development of their products. In order to answer this problem, the following axes First the importance of Islamic financial engineering and its products; second methods and strategies adopted for the development of Islamic financial engineering products, challenges facing Islamic financial engineering products in risk management of financial institutions.