| Description |
1 online resource (42 pages) : color illustrations |
| Series |
IMF working paper ; WP/14/220 |
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IMF working paper ; WP/14/220.
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| Contents |
Cover; Contents; Glossary; I. Introduction; Figures; 1. Islamic Banking Share in Total Assets by Jurisdiction (June 2013); II. Legal and Institutional Development; A. Islamic Banking: Background and Recent Developments; Boxes; 1. Survey on Islamic Banking; 2. Shariah Law and Islamic Banking; 2. Legal Bases for the Practice of Islamic Banking; B. Survey Results on Legal and Regulatory Frameworks and Scope of Islamic Banking; 3. Explicit Recognition of Islamic Banking; 4. Conduct of Islamic Banking by a Stand-Alone Islamic Bank; 5. Practice of Islamic Banking by Conventional Banks |
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III. Regulatory Framework3. Islamic Window vs. Fully-Fledged Islamic Bank; A. Accommodation of Islamic Banking; B. Licensing; 6. Accommodation of Islamic Banks; C. Corporate Governance and Sharia Law Compliance; D. Capital Requirements; E. Leverage; 4. Capital Requirement; IV. Supervision Framework; 7. Models of Supervision; V. Risk Management; A. General; B. Credit Risk; C. Market Risk; D. Operational Risk; E. Profit Rate Risk; F. Equity Investment Risk; G. Sharia Risk; 5. Profit Sharing Ratio; H. Liquidity Risk; 8. Instruments Used by Islamic Banks to Manage Excess Liquidity |
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9. Instruments Used by Islamic Banks to Manage Liquidity ShortagesVI. Transparency, Disclosure and Market Discipline; 10. Disclosure: Is There Any Difference?; VII. Deposit Protection and Bank Resolution; A. Deposit Protection; 11. Deposit Insurance Regulatory Framework; B. Bank Distress; C. Liquidation; 12. Bank Distress; VIII. Conclusion; Annex; 1. Definition of Key Shariah-Compliant Contracts; References |
| Summary |
The growing presence of Islamic banking needs to be accompanied by the development of effective regulation and supervision. This paper examines the results of the survey conducted by the International Monetary Fund to document international experiences and country practices related to legal and prudential frameworks governing Islamic banking activities. Although a number of countries have made considerable progress in creating legal, regulatory, and supervisory frameworks that accommodate Islamic banking, there are substantial differences. This paper also identifies a number of challenges faced by regulatory and supervisory agencies regarding Islamic banking.--Abstract |
| Notes |
"December 2014." |
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"Monetary and Capital Markets Department." |
| Bibliography |
Includes bibliographical references (pages 40-41) |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed December 17, 2014) |
| Subject |
International Monetary Bank -- Islam
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Banks and banking -- Religious aspects -- Islam.
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Banks and banking -- Religious aspects -- Islam -- State supervision
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Bank management -- Islamic countries
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Banks and banking -- Religious aspects -- Islam -- Law and legislation
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Bank management
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Banks and banking -- Religious aspects -- Islam
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Islam
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Islamic countries
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| Form |
Electronic book
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| Author |
Oosthuizen, Carel, author.
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International Monetary Fund. Monetary and Capital Markets Department, issuing body.
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| ISBN |
9781498319270 |
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1498319270 |
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