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Islamic Finance in Sub-Saharan Africa: Status and Prospects
Gelbard, E.; Hussain, Mumtaz; Maino, Rodolfo; Mu, Yibin; … - International Monetary Fund (IMF) - 2014
Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and microfinance. While not yet significant in most...
Persistent link: https://www.econbiz.de/10010959474
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Operative Principles of Islamic Derivatives; Towards a Coherent Theory
Sole, Juan; Jobst, Andreas - International Monetary Fund (IMF) - 2012
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be...
Persistent link: https://www.econbiz.de/10009654161
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What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia
Krasicka, Olga; Nowak, Sylwia - International Monetary Fund (IMF) - 2012
What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
Persistent link: https://www.econbiz.de/10011142164
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The Economics of Political Transitions; Implications for the Arab Spring
Khandelwal, Padamja; Roitman, Agustin - International Monetary Fund (IMF) - 2013
Over the past two years, ongoing political transitions in many Arab countries have led to social unrest and an economic downturn. This paper examines comparable historical episodes of political instability to derive implications for the near- and medium-term economic outlook in the Arab...
Persistent link: https://www.econbiz.de/10011242232
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Arab Republic of Egypt: 2014 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for the Arab Republic of Egypt
International Monetary Fund (IMF); International … - 2015
economic challenges. For a number of years Egypt has suffered from low and non-inclusive growth and from high unemployment … evidenced by loss of foreign exchange reserves. In 2014, Egypt adopted a new constitution and elected a new president who was …€“80 percent in July 2014. They have also begun the reforms needed to raise tax revenue and to make Egypt a more attractive …
Persistent link: https://www.econbiz.de/10011242617
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Basel Capital Requirements and Credit Crunch in the MENA Region
Naceur, Sami Ben; Kandil, Magda E. - International Monetary Fund (IMF) - 2013
covering 1989–2004 for banks in Egypt, Jordan, Lebanon, Morocco, and Tunisia. The results provide clear support for a …
Persistent link: https://www.econbiz.de/10011142023
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Macro-Financial Linkages in Egypt: A Panel Analysis of Economic Shocks and Loan Portfolio Quality
Love, Inessa; Ariss, Rima Turk - International Monetary Fund (IMF) - 2013
This paper investigates macro-financial linkages in Egypt using two complementary methods, assessing the interaction …
Persistent link: https://www.econbiz.de/10011142052
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Middle East Transitions: A Long, Hard Road
Yusuf, Shahid - International Monetary Fund (IMF) - 2014
Since the onset of the Arab Spring, economic uncertainty in Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen (Arab …
Persistent link: https://www.econbiz.de/10011142081
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Republic of Poland; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper on the Republic of Poland constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. Measures to contain the fiscal deficit in the aftermath of the global financial crisis led to a reduction in the...
Persistent link: https://www.econbiz.de/10011244033
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Islamic Finance: Opportunities, Challenges, and Policy Options
Kammer, Alfred; Norat, Mohamed; Pinon, Marco; Prasad, … - International Monetary Fund (IMF) - 2015
The SDN discusses the main policy issues and challenges in building an inclusive and safe Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, it discuses why Islamic finance matters, taking into account its recent and prospective growth; and, its potential...
Persistent link: https://www.econbiz.de/10011245880