Responsible innovation in the financial sector
An Islamic perspective
Bibliographic Data
| ID | 15735928 |
|---|---|
| Authors | Mohd Faiz Hilmi (0000-0003-4548-0565, Universiti Sains Malaysia, corresponding author) |
| Year | 2018 |
| Volume | 5 |
| Issue | 2 |
| Pages | 247-252 |
| Publication date | 2018-03-29 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Responsible Innovation (JOURNAL) |
| Journal identifiers | ISSN: 2329-9037 • E-ISSN: 2329-9460 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/23299460.2018.1457400 |
| OpenAlex | W2794657817 |
| Language | EN |
| Citations received | 3 |
| References cited | 16 |
In today’s dynamic economic environment, innovation is commonly perceived as one of the critical mechanisms for businesses in attaining sustained competitive advantage. Moving alongside other sectors, banks and financial institutions also produce innovative products and services. However, the recent major financial crisis has been attributed to irresponsible innovation in the financial sector. Consequently, there is a need to emphasize responsible innovation practices that not only focus on monetary outcomes but also on the welfare and safety of society. This perspective briefly explores responsible innovation practices in the financial sector from an Islamic perspective
Business · Economics · Financial crisis · Financial innovation · Financial sector · Financial services · Islam · Macroeconomics · Perspective (graphical · Innovation and Socioeconomic Development · Islamic Finance and Banking Studies · Socioeconomic Development in MENA · Finance
| Unique citing works | 3 |
|---|---|
| Citations per year | 1 |
| Citation span | 2023 - 2025 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |