4.Economics ‘Urf is a strong motivator for quick-to-market products. The proposed structure could be a mere replication of a long-established conventional instrument. Presentation to the Shariah Committee is limited to the content being presented. There is mounting pressure to accept and approve “industry standard products” based on each bank’s interpretation although each bank has their individual behaviors, product treatment, system capabilities and shariah considerations and decisions. (a) Analytically discuss the above statement
4.Economics ‘Urf is a strong motivator for quick-to-market products. The proposed structure could be a mere replication of a long-established conventional instrument. Presentation to the Shariah Committee is limited to the content being presented. There is mounting pressure to accept and approve “industry standard products” based on each bank’s interpretation although each bank has their individual behaviors, product treatment, system capabilities and shariah considerations and decisions. (a) Analytically discuss the above statement
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter15: Contracting, Governance, And Organizational Form
Section: Chapter Questions
Problem 4E
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4.Economics
‘Urf is a strong motivator for quick-to-market products. The proposed structure could be a mere replication of a long-established conventional instrument. Presentation to the Shariah Committee is limited to the content being presented. There is mounting pressure to accept and approve “industry standard products” based on each bank’s interpretation although each bank has their individual behaviors, product treatment, system capabilities and shariah considerations and decisions. (a) Analytically discuss the above statement
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