Entrepreneurship and business innovation in the Middle East

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dc.contributor.editor Zgheib, Philippe W. en_US
dc.date.accessioned 2018-03-20T09:53:55Z
dc.date.available 2018-03-20T09:53:55Z
dc.date.copyright 2017 en_US
dc.date.issued 2018-03-20
dc.identifier.uri http://hdl.handle.net/10725/7236 en_US
dc.description.abstract Instruments of Islamic finance have recently reemerged as an innovative tool for entrepreneurial transactions. Purpose of this chapter is to: a) define Islamic banking Product; b) compare with nearest western banking equivalent; c) highlight advantages and disadvantages of product; d) state future progression of banking towards convergence or divergence between Islamic and Western banking; and e) finally evaluate the role of client focus and customer driven performance in the future trends of entrepreneurial Islamic funding. This chapter highlights the concept of Islamic Banking. Business is slowly adopting Islamic banking as a rival market to western fractional reserve banking from the perspective of delivering customer value. This synopsis covers 19 instruments of Islamic banking by comparing the advantages and disadvantages of each one to that of conventional banking. Interestingly, the comparative methods result in several findings including the fact that banks must be completely devoted to providing customers with excellent service standards, and must also cater for customers‘ needs and demands. In addition, if Islamic services are desired, then the ones who cater for those needs will survive. Whereas western banks have a higher chance to penetrate the Islamic banking sector, Islamic banks can’t provide any conventional banking services due to Sharia’a rules that prohibit fixed or floating payment or acceptance of specific interest or fees for any service. This chapter also concludes with a contrast between Islamic and western banking from a customer perspective. en_US
dc.language.iso en en_US
dc.publisher IGI Global en_US
dc.relation.ispartofseries Advances in business strategy and competitive advantage en_US
dc.subject Entrepreneurship -- Middle East en_US
dc.subject Globalization -- Economic aspects. en_US
dc.title Entrepreneurship and business innovation in the Middle East en_US
dc.type Book / Chapter of a Book en_US
dc.author.school SOB en_US
dc.author.idnumber 201200959 en_US
dc.author.department Department of Management Studies (MNGT) en_US
dc.description.physdesc xxvii, 357 pages en_US
dc.publication.place Hershey, PA en_US
dc.description.bibliographiccitations Inclues bibliogaphical references en_US
dc.identifier.doi http://dx.doi.org/10.4018/978-1-5225-2066-5.ch015 en_US
dc.identifier.ctation Zgheib, P. W., & Massalkhy, L. I. (2017). Entrepreneurial Innovation in Islamic Banking. In Entrepreneurship and Business Innovation in the Middle East (pp. 286-313). IGI Global. en_US
dc.chapter.author Zgheib, Philippe W. en_US
dc.chapter.author Massalkhy, Lama I. en_US
dc.author.email philippe.zgheib@lau.edu.lb en_US
dc.chapter.title Entrepreneurial innovation in islamic banking en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url https://www.igi-global.com/chapter/entrepreneurial-innovation-in-islamic-banking/175535 en_US
dc.author.affiliation Lebanese American University en_US

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