Résumé:
Liquidity risk is among the most important risks facing the banking industry, and interest
in it has increased, especially after the mortgage crisis, which not only affected the American
economy, but also spread to the entire global system, which has become characterized by a
strong correlation. And in front of this situation, Islamic banks are obliged to manage their
liquidity effectively and to identify the factors affecting and causing liquidity risks in order to
avoid and treat them.
Accordingly, this study aims to clarify the importance of financial engineering in
providing and developing financial products that are compatible with the nature of Islamic
banking and working to manage liquidity risks in an economic environment that is witnessing
rapid changes.
Therefore, the study relied on a descriptive and analytical methodology for a sample of
Islamic banks operating in the Arab Gulf states, as they are among the leading countries in the
field of Islamic banking. The study concluded that Islamic financial engineering has a role in
providing financial products that will overcome many obstacles, as it works on solving the
problem of liquidity by providing quickly liquid assets, and at the same time they constitute
suitable investment opportunities to employ cash surpluses, in addition, the study concluded
that there is an increasing dependence of Islamic banks on Islamic financial products in their
financing and investment structure, especially after the global financial crisis.
