| المستخلص: |
In this research, the author reaches the following conclusions: First: Islamic financial engineering is "a set of activities that involve the design, development, and implementation of innovative financial tools and processes, in addition to formulating creative solutions to financing problems, all within the framework of Islamic law." Second: The importance of Islamic financial engineering is reflected in its ability to keep pace with the latest developments in global markets and amend any elements that require modification to align with the principles and methodology of the Shari’ah. Third: Among the most important objectives of Islamic financial engineering are: 1. Providing high-quality Islamic financial products with Shari’ah credibility as an alternative to the prohibited traditional financial products. 2. Offering innovative Shari’ah-compliant solutions to financing problems. 3. Assisting in the development of global and domestic financial markets by innovating Islamic financial tools. 4. Contributing to the revitalization of Islamic economy by utilizing the capital of those who do not wish to participate in projects funded by interest-based financing due to their conflict with Shari’ah provisions. Fourth: Islamic financial engineering has contributed to the activation of Islamic economy and the resolution of its financial problems through the innovation of financial tools and products. The most significant of these financial products include: 1. Lease-to-own. 2. Partnership ending in ownership. 3. Credit cards. 4. Islamic banking securitization (Tawarruq Masrafii). 5. Islamic financial instruments (Sukuk Islamiyah). 6. Parallel Salam. 7. Parallel Istisna’. Fifth: Islamic financial engineering, through its innovative financial tools and products, can help activate the Islamic economy, as these financial instruments provide liquidity to market participants in a manner that adheres to Islamic legal principles, enabling them to achieve profitable productivity. This, in turn, contributes to stimulating industrial, commercial, agricultural, and construction activities, since providing liquidity facilitates the establishment of various types of projects and opens up broad investment opportunities for market participants that can be utilized in developmental projects.
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