**The Role of Islamic Financial Engineering Products in Achieving Islamic Banking Efficiency: A Field Study on Sudanese Banks**

Abstract

The problem of the study represented the knowledge of Islamic financial engineering products’ impact on achieving banking efficiency. The study aimed to recognize the concept of financial engineering as one of the recent trends in financial and accounting thought and to recognize the concept of Islamic banking efficiency and its importance for banks that work under Islamic economics. The study found that using Islamic financial engineering products that represented in Islamic instruments leads to providing investment opportunities with diverted risks and benefits, and using Islamic financial engineering products’ that represented in Islamic instruments increases profit rates under the mechanism of participation. The study recommended increases the awareness of employees and investors in Sudanese banks of Islamic financial engineering and its importance to achieve Islamic banking efficiency through scientific seminars, workshops and training courses.