IMF investigates spread of Islamic finance
Income per capita, share of Muslims in the population and status as an oil producer are linked to the development of Islamic banking, as are economic integration with Middle Eastern countries and proximity to Islamic financial centres, research published by the IMF in August finds.
Interest rates have a negative impact on Islamic banking, reflecting the implicit benchmark for Islamic banks. The quality of institutions does not matter, possibly as the often higher hurdle set by Shari'ah law
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Islamic Finance
Bank of Uganda issues first Islamic banking licence
Policy-makers hope interest-free lending will increase financial inclusion
Russian legislators approve Islamic banking pilot
Two-year programme may attract foreign capital or appease restive minorities
Oman marks 10 years of Islamic banking
Central bank deems sector “systemically significant”
Pakistani governor calls for 'concerted effort' to promote Islamic banking
SBP is launching media campaign to address misconceptions about Islamic finance
Italian governor calls for greater understanding of Islamic finance
Ignazio Visco says ethical finance focuses on 'the link between financial transactions and underlying assets'
Islamic Financial Services Board issues new guiding principles
New guidelines focus on liquidity risk management and stress testing for institutions offering Islamic financial services; new members added at latest meeting
Governor Zeti encourages use of Islamic financing
Zeti Akhtar Aziz says Islamic finance presents new opportunities to support the economy and overall financial stability
Islamic liquidity facility names Zeti chair
Bank Negara Malaysia’s Zeti Akhtar Aziz to chair International Islamic Liquidity Management Corporation; HSBC banker chosen as chief executive
Most read
- Fixing forecasting at the Bank of England
- Bernanke calls for total redesign of BoE forecasting
- Bank of England: time for fourth-generation forecasting tools?