As the global paradigm in economics shifts, Islamic economics is attracting more attention as an alternative sector. The most common and most active institutional structure of Islamic economics is in the form of Islamic finance and banking. Islamic finance and banking have been the centre of innovation in many economies in recent years. In this regard, product development is a vital element in driving the success of Islamic financial institutions (IFIs). The product development of IFIs is one of the key elements of their overall economic performance. This study aims to fill the gap in the literature concerning the product development process of IFIs in secular economies.,Verily, product development is a complex process; it is likely that introducing specific models will be useful for expanding the activities of IFIs. In this study, contemporary source materials are used to develop this conceptual research.,It suggests two separate methodologies for the product development process of IFIs in secular economies to overhaul two criticised product-based problems. To the best of the author’s knowledge, it is the first attempt to model the product development process for IFIs in a secular economic setup.,Recently, this study is the first attempt for modelling product development in IFIs under secular economies. Advances in the field of Shari’ah-compliant product development is important for researchers and professional.

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世俗经济中伊斯兰金融和银行业的产品开发

随着全球经济学范式的转变，伊斯兰经济学作为替代行业正受到越来越多的关注。伊斯兰经济学最普遍，最活跃的制度结构是伊斯兰金融和银行业。近年来，伊斯兰金融和银行业已成为许多经济体的创新中心。在这方面，产品开发是推动伊斯兰金融机构（IFI）成功的重要因素。IFI的产品开发是其整体经济绩效的关键要素之一。这项研究旨在填补有关世俗经济中IFI产品开发过程的文献空白。引入特定模型可能会有助于扩大IFI的活动。在这项研究中，当代的原始资料被用来发展这一概念研究。它为世俗经济中的国际金融机构的产品开发过程提出了两种不同的方法论，以应对两个被批评的基于产品的问题。据作者所知，这是在世俗经济环境中对IFI产品开发过程进行建模的首次尝试。最近，本研究是在世俗经济环境下对IFI产品开发进行建模的首次尝试。符合伊斯兰教法的产品开发领域的进展对于研究人员和专业人员至关重要。这是在世俗经济体制下为IFIs产品开发过程建模的首次尝试。最近，本研究是在世俗经济下为IFIs产品开发建模的首次尝试。符合伊斯兰教法的产品开发领域的进展对于研究人员和专业人员至关重要。这是在世俗经济体制下为IFIs产品开发过程建模的首次尝试。最近，本研究是在世俗经济下为IFIs产品开发建模的首次尝试。符合伊斯兰教法的产品开发领域的进展对于研究人员和专业人员至关重要。