 A shared boundary object: Financial innovation and engineering in Islamic financial institutionsSamir Alamad, Nunung Nurul Hidayah and Alan Lowe The British Accounting Review, 2021, vol. 53, issue 3 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. Keywords: Islamic financial institutions; Governing innovation; Financial engineering; Ethico-faith-based rules; Boundary object plasticity (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:bracre:v:53:y:2021:i:3:s0890838920300780 DOI: 10.1016/j.bar.2020.100958 Access Statistics for this article The British Accounting Review is currently edited by Nathan Lael Joseph and Alan Lowe More articles in The British Accounting Review from Elsevier |
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