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The nature of Islamic banking and solvency stress testing : conceptual considerations

Jobst, Andreas A.; Solé López-Pinto, Juan - 2020

This paper provides a conceptual overview of key aspects of the design and implementation of solvency stress testing of Islamic banks. Based on existing regulatory standards and prudential practice, the paper explains how Islamic finance principles and their impact on various risk drivers affect...

Persistent link: https://www.econbiz.de/10012300622

Resolution frameworks for Islamic banks

Awadzi, Elsie Addo; Chartouni, Carine; Tamez, Mario - 2015

Islamic banking is growing rapidly and its potential impact on global financial stability cannot be underestimated. International standards for resolving banks have evolved after the global financial crisis, culminating in the Financial Stability Board's ('FSB') Key Attributes of Effective...

Persistent link: https://www.econbiz.de/10011705119

Can Islamic banking increase financial inclusion?

Ben Naceur, Samy; Barajas, Adolfo; Massara, Alexander - 2015

The paper analyses existing country-level information on the relationship between the development of Islamic banking and financial inclusion. In Muslim countries-members of the Organization for Islamic Cooperation (OIC)-various indicators of financial inclusion tend to be lower, and the share of...

Persistent link: https://www.econbiz.de/10014275783

Islamic Banking

Mirakhor, Abbas - 1991

Islamic banks are prohibited from charging or paying interest, and thus can operate only on the basis of profit-sharing arrangements. This paper provides a brief survey of the theory and practice of Islamic banking. It covers developments in Islamic banking since the mid-1970s, how such banks...

Persistent link: https://www.econbiz.de/10014398242

Sukuk vs. Eurobonds : Is there a Difference in Value-At-Risk?

Raei, Faezeh - 2007

This paper assesses the impact of bonds issued according to Islamic principles (Sukuk), on the cost and risk structure of investment portfolios by using the Value-at-Risk (VaR) framework. The market for Sukuk has grown tremendously in recent years at about 45 percent a year. Sukuk provide...

Persistent link: https://www.econbiz.de/10014400320

The Design of Instruments for Government Finance in an Islamic Economy

International Monetary Fund - 1998

This paper presents perhaps the most viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of return are forbidden. Resources to finance government...

Persistent link: https://www.econbiz.de/10014400833

Stabilization and Growth in an Open Islamic Economy

International Monetary Fund - 1988

Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, this paper investigates some open-economy implications of the adoption of Islamic banking for growth and stabilization of the...

Persistent link: https://www.econbiz.de/10014396001

Changes in the global investor base and the stability of portfolio flows to emerging markets

Brandao Marques, Luis; Gelos, Gaston; Ichiue, Hibiki; … - 2015

An analysis of mutual-fund-level flow data into EM bond and equity markets confirms that different types of funds … behave differently. Bond funds are more sensitive to global factors and engage more in return chasing than equity funds …

Persistent link: https://www.econbiz.de/10011445594

Determinants of and prospects for market access in frontier economies

Silva, Victor Hugo C. Alexandrino da; Almeida, Luiza … - 2021

fundamentals and/or external variables-have contributed to the surge in external bond issuance by these LICs, which we refer to in … our paper as 'frontier economies'. Using data on public and publicly guaranteed (PPG) external bond issuance, outstanding … PPG bond stock, as well as sovereign spreads, we employ panel data analysis to examine factors related to the increase in …

Persistent link: https://www.econbiz.de/10012613401

How green are green debt issuers?

Schmittmann, Jochen Markus; Teng, Chua Han - 2021

bond issuers relative to other firms, but no difference for green loan and sustainability-linked loan borrowers. Green bond …

Persistent link: https://www.econbiz.de/10012605577