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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
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
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 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
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
Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and …
Persistent link: https://www.econbiz.de/10014396001
sharing. This paper describes the developments in Islamic banking in Iran and Pakistan. As these two countries have initiated …
Persistent link: https://www.econbiz.de/10014396453
Pakistan. We focus on critical areas of human (education and health) and physical (electricity, roads, and water and sanitation …) capital. For each sector, we document the progress to date, assess where Pakistan stands relative to its peers, highlight key … challenges, and estimate the additional spending required to make substantial progress. The estimates for the additional spending …
Persistent link: https://www.econbiz.de/10012605007
This paper focuses on two central issues related to the contrasting experiences of Malaysia and Pakistan regarding …. Malaysia, unlike Pakistan, was able to sustain rapid economic growth with equally impressive reduction in poverty because the …
Persistent link: https://www.econbiz.de/10014399786
Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results...
Persistent link: https://www.econbiz.de/10011978454