Intellectual Property and Islamic Finance Policy Framework: Opportunities and Challenges for a New Islamic Intellectual Property Finance Framework

Nadia Naim; Noor Suhaida Kasri

doi:10.1002/tie.22430

Intellectual Property and Islamic Finance Policy Framework: Opportunities and Challenges for a New Islamic Intellectual Property Finance Framework

Nadia Naim, Noor Suhaida Kasri

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Abstract

This paper explores the intersection of Intellectual Property (IP) and Islamic finance, proposing a policy framework to integrate IP valuation into Sharia-compliant financing. Focusing on the UK, it also extends to global markets, including ASEAN, GCC, and MENA regions. The paper identifies gaps in current practices, particularly in incorporating IP assets into Islamic financial products, highlighting untapped market potential. It emphasizes the need for regulatory compliance, Sharia board approvals, and robust audit mechanisms to ensure ethical integration. Key recommendations include developing a comprehensive IP framework, fostering international collaboration, and capacity building through education. The framework aims to align economic growth with ethical financing, enhancing transparency and the robustness of Islamic IP financing globally.

Original language	English
Pages (from-to)	395-412
Number of pages	18
Journal	Thunderbird International Business Review
Volume	67
Issue number	3
Early online date	12 Jan 2025
DOIs	https://doi.org/10.1002/tie.22430
Publication status	Published - 1 May 2025

Bibliographical note

Copyright © 2025 The Author(s). Thunderbird International Business Review published by Wiley Periodicals LLC. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

Data Access Statement

The data that support the findings of this study are available from the corresponding author upon reasonable request.

Funding

This project is funded by Open Call UKRI.

Funders	Funder number
Not added	UK Research and Innovation. Grant Number: IFOC2-2022-2023-007

Access to Document

10.1002/tie.22430Licence: CC BY 4.0

Thunderbird Intl Bus Rev - 2025 - Naim - Intellectual Property and Islamic Finance Opportunities and Challenges for a New
Copyright © 2025 The Author(s). Thunderbird International Business Review published by Wiley Periodicals LLC. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Final published version, 1.08 MBLicence: CC BY 4.0

Cite this

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abstract = "This paper explores the intersection of Intellectual Property (IP) and Islamic finance, proposing a policy framework to integrate IP valuation into Sharia-compliant financing. Focusing on the UK, it also extends to global markets, including ASEAN, GCC, and MENA regions. The paper identifies gaps in current practices, particularly in incorporating IP assets into Islamic financial products, highlighting untapped market potential. It emphasizes the need for regulatory compliance, Sharia board approvals, and robust audit mechanisms to ensure ethical integration. Key recommendations include developing a comprehensive IP framework, fostering international collaboration, and capacity building through education. The framework aims to align economic growth with ethical financing, enhancing transparency and the robustness of Islamic IP financing globally.",

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Intellectual Property and Islamic Finance Policy Framework: Opportunities and Challenges for a New Islamic Intellectual Property Finance Framework

Abstract

Bibliographical note

Data Access Statement

Funding

Access to Document

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