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This paper outlines the recent progress in developing Islamic financial instruments for the management of monetary policy and public borrowing requirements and provides details on new instruments currently being developed in the Islamic Republic of Iran and Sudan. The paper also touches on the...
Persistent link: https://www.econbiz.de/10014403418
Hawala and other remittance systems have gained attention in recent years with the substantial growth of remittance flows from countries with large migrant labor forces and with increased focus on combating money laundering and the financing of terrorism. The IMF and the World Bank have been...
Persistent link: https://www.econbiz.de/10014401909
The provision and use of financial services and products that conform to Islamic religious principles pose special challenges for the identification, measurement, monitoring, and control of underlying risks. Effective and efficient risk management in Islamic financial institutions has assumed...
Persistent link: https://www.econbiz.de/10014399549
In an Islamic system, as interest is prohibited, banks are expected to operate solely on the basis of profit and risk sharing. This paper describes the developments in Islamic banking in Iran and Pakistan. As these two countries have initiated the most far-reaching experiments with Islamic...
Persistent link: https://www.econbiz.de/10014396453
This paper provides a proposal to incorporate the Core Principles for Islamic Finance Regulation (Banking Sector) (CPIFR) issued by the Islamic Financial Services Board (IFSB), as part of the standards used in assessing the banking regulatory and supervisory regimes of relevant member...
Persistent link: https://www.econbiz.de/10014408441
This paper discusses the need for ensuring financial stability in countries with Islamic Banking (IB). IB continues to grow rapidly, in size and complexity, posing a challenge to supervisory authorities and central banks. The legal environment within which IBs operate can be complex and...
Persistent link: https://www.econbiz.de/10014408737
Persistent link: https://www.econbiz.de/10009424875
Many governments and nongovernmental organizations have adopted policies to promote the growth of microfinance …
Persistent link: https://www.econbiz.de/10014399642
This Selected Issues paper on Bangladesh underlies the export performance of readymade garment industry and inflation … dynamics. Bangladesh has demonstrated that it is highly competitive in the world’s major garment markets. Inflation inertia …, monetary factors, and exchange rate fluctuations are the main determinants of inflation in Bangladesh. Despite adoption of …
Persistent link: https://www.econbiz.de/10014402550
growth is timely. The targeted increase in the budget for infrastructure and social spending is well considered. Bangladesh …
Persistent link: https://www.econbiz.de/10014402852