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

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.

Publication DOI: https://doi.org/10.1002/tie.22430
Divisions: College of Business and Social Sciences > Aston Law School
College of Business and Social Sciences
Aston University (General)
Funding Information: This project is funded by Open Call UKRI.
Additional Information: 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.
Publication ISSN: 1520-6874
Data Access Statement: The data that support the findings of this study are available from the corresponding author upon reasonable request.
Last Modified: 31 Mar 2025 07:27
Date Deposited: 17 Jan 2025 16:46
Full Text Link:
Related URLs: https://onlinel ... .1002/tie.22430 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Article
Published Date: 2025-01-12
Published Online Date: 2025-01-12
Accepted Date: 2024-12-17
Authors: Naim, Nadia (ORCID Profile 0000-0001-6340-5484)
Kasri, Noor Suhaida

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