The fundamentalists often perceive that Islam and its principles are a hindrance to innovation. Relevant, extensive research proved otherwise. For example, a comparison of research on innovation in the Islamic and non-Islamic perspective was made, which verified that Islam does promote innovation. As this is a content analysis paper, it is important to acknowledge that there are five types of innovation in Islamic banking. They are Islamic financial product innovation, Islamic bank process innovation, Islamic bank marketing innovation, innovation and risk management in Islamic finance, and Islamic work value and innovation. After comparing with research on innovation in the non-Islamic perspective, it was found that there is still a lack of protection for the innovation and the Islamic perspective also lack measures for the innovation.