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.
| Original language | English |
|---|---|
| Article number | 100958 |
| Number of pages | 17 |
| Journal | The British Accounting Review |
| Volume | 53 |
| Issue number | 3 |
| Early online date | 1 Oct 2020 |
| DOIs | |
| Publication status | Published - May 2021 |
| Externally published | Yes |
Bibliographical note
© 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/10.1016/j.bar.2020.100958Copyright © and Moral Rights are retained by the author(s) and/ or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This item cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder(s). The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders.
Keywords
- Islamic financial institutions
- Governing innovation
- Financial engineering
- Ethico-faith-based rules
- Boundary object plasticity
ASJC Scopus subject areas
- Accounting