| Description |
1 online resource (72 pages). |
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text file |
| Series |
IMF Working Papers ; v. Working Paper No. 15/120
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IMF Working Papers.
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| Contents |
Cover Page; Title Page; Copyright Page; Content Page; Abbreviations; I. Introduction and Background; II. The Framework of Islamic Finance; A. Key Principles of Islamic Finance; B. Three Principles Govern Islamic Financ; C. Key Instruments of Islamic Finance; D. Islamic Banking Model; III. Stylized Facts about Islamic Finance; A. Islamic Finance and Banking; B. Sukuk Markets; IV. Growth Drivers of Islamic Finance; V. Comparison of Islamic and Conventional Finance; A. Efficiency and Profitability; B. Risk Management; C. Sukuk and Conventional Bonds. |
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VI. Macroeconomic Implications of Islamic FinanceA. Financial Stability; B. Monetary Policy; C. Fiscal Policy; VII. Conclusions and Policy Implications; Annex I. Key Instruments of Islamic Finance; References; Table I. Islamic Bank Balance Sheet; Footnotes. |
| Summary |
Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership. In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. Whil. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
International Monetary Fund. Middle East and Central Asia Department.
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International Monetary Fund. |
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Finance -- Islamic countries.
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Finance. |
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Islamic countries. |
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Financial risk management -- Islamic countries.
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Financial risk management. |
| Genre/Form |
Electronic books.
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Electronic books.
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| Added Author |
Shahmoradi, Asghar.
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Turk Ariss, Rima.
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| Other Form: |
Print version: Hussain, Mumtaz. An Overview of Islamic Finance. Washington : International Monetary Fund, ©2015 9781513590745 |
| ISBN |
9781513561486 (electronic book) |
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1513561480 (electronic book) |
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9781513565620 |
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1513565621 |
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