A Practical Approach to Product Development

By Thomas Gainor:

1. Introduction:

This paper covers a variety of matters that should be considered in the
development of Islamic investment products. While it is not intended to be
comprehensive, it covers areas from the inception of the idea through to the
ultimate delivery of the product to the end user. The paper covers what we do,
why we do it and how we do it.

It is written from the practitioner/Islamic investment banker’s perspective and attempts to address the issues in a practical “hands-on” manner. The author intends on sharing his personal views and experiences in the Sharia compliant product development area.

2. A Threshold Consideration:

For Islamic banks and those already dedicated to serving this marketplace, the
issue of whether or not to serve this market is moot. The Islamic bank may well
be grappling with strategic matters related to how it can best serve the
marketplace and grow its business. Product development is an important area in
which the Islamic bank will focus its resources...Continue Reading