The Design Of Instruments For Government Finance In An Islamic Economy PDF Download
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| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 19 |
| Release | : 1998-04-01 |
| Genre | : Business & Economics |
| ISBN | : 1451847483 |
Download The Design of Instruments for Government Finance in an Islamic Economy Book in PDF, ePub and Kindle
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 infrastructural and development projects can be mobilized by issuing a national participation paper and this instrument can also serve as an instrument of monetary management. The paper discusses various conceptional issues underpinning the introduction of such an instrument and methods of calculating a corresponding rate of return. In principle, this approach has been accepted by the Islamic Republic of Iran.
| Author | : Nadeem Ul Haque |
| Publisher | : |
| Total Pages | : 17 |
| Release | : 2018 |
| Genre | : |
| ISBN | : |
Download The Design of Instruments for Government Finance in an Islamic Economy Book in PDF, ePub and Kindle
This paper attempts to present a 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 infrastructural and development projects can be mobilized through the issuance of a national participation paper (NPP) and this instrument can also serve as an instrument of monetary management. Various conceptional issues underpinning the introduction of such an instrument and methods of calculating a corresponding rate of return are discussed In principle, this approach has been accepted in Iran.
| Author | : Syed Aun R. Rizvi |
| Publisher | : Springer |
| Total Pages | : 194 |
| Release | : 2016-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1137553421 |
Download Public Finance and Islamic Capital Markets Book in PDF, ePub and Kindle
This book addresses the financing of government budgets with non-debt-creating flows through risk-sharing capital market instruments. It offers a comparative analysis with conventional finance to demonstrate the ability of Islamic capital market instruments to create an impetus for economic stability and growth. Rizvi, Bacha, and Mirakhor guide readers chronologically through the unfolding effects of macroeconomic policy implemented to reduce crippling sovereign debt, increase government financing, and guide governments to the path of economic progress.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 1998-09-01 |
| Genre | : Business & Economics |
| ISBN | : 1451856415 |
Download Monetary Operations and Government Debt Management Under Islamic Banking Book in PDF, ePub and Kindle
This paper outlines the recent progress in developing Islamic financial instruments for the management of monetary policy and public borrowing requirements and provides details on new instruments currently being developed in the Islamic Republic of Iran and Sudan. The paper also touches on the institutional arrangements for interbank market operations and the design of effective central bank credit facilities that are needed under Islamic banking to support the development and operation of these new instruments.
| Author | : Mr.Mumtaz Hussain |
| Publisher | : International Monetary Fund |
| Total Pages | : 35 |
| Release | : 2015-06-02 |
| Genre | : Business & Economics |
| ISBN | : 1513565621 |
Download An Overview of Islamic Finance Book in PDF, ePub and Kindle
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. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
| Author | : V. Sundararajan |
| Publisher | : |
| Total Pages | : 30 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
Download Monetary Operations and Government Debt Management Under Islamic Banking Book in PDF, ePub and Kindle
This paper outlines the recent progress in developing Islamic financial instruments for the management of monetary policy and public borrowing requirements and provides details on new instruments currently being developed in the Islamic Republic of Iran and Sudan. The paper also touches on the institutional arrangements for interbank market operations and the design of effective central bank credit facilities that are needed under Islamic banking to support the development and operation of these new instruments.
| Author | : Mohd Ma'Sum Billah |
| Publisher | : Palgrave Macmillan |
| Total Pages | : 441 |
| Release | : 2019-07-10 |
| Genre | : Business & Economics |
| ISBN | : 9783030176235 |
Download Islamic Financial Products Book in PDF, ePub and Kindle
Islamic finance has grown exponentially since 1963 and has reached more than 70 countries around the world with the asset size of about $2.5 trillion. The Islamic financial system today comprises a sizable asset base and there is evidence of sustained demand for Islamic financial products and services in the global market, with demand outstripping supply. This book provides a new source of understanding of the Islamic financial products in view of facilitating academia, industrialists, professionals, product designers, students and policymakers globally. There is a mass of literature on Islamic finance available to the market, but very little research is found in the form of book exclusively on Islamic financial products and their structures. Thus, this book is a timely contribution to the global market with Islamic financial product solutions.
| Author | : Zamir Iqbal |
| Publisher | : World Bank Publications |
| Total Pages | : 376 |
| Release | : 2013-08-05 |
| Genre | : Business & Economics |
| ISBN | : 0821399535 |
Download Economic Development and Islamic Finance Book in PDF, ePub and Kindle
Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.
| Author | : Valentino Cattelan |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 260 |
| Release | : 2013-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1781002517 |
Download Islamic Finance in Europe Book in PDF, ePub and Kindle
Highlighting the impact of current globalization on financial markets, this topical book challenges the universality of Western property rights and interprets Islamic finance in Europe as part of a plural financial system, where different conceptions of economic justice(s) co-exist and influence each other. The contributing authors analyse key economic development and social integration issues from an Islamic perspective and outline the European approach to accommodating Islamic finance, with particular regard to the peculiarities of individual nation-states. Set in this context, the book presents financial pluralism as a device to enhance a level playing field in the global marketplace, as well as to foster a plural open society. Providing a comprehensive and methodological guide to Islamic finance in Europe, this book will prove an illuminating and informative read for academics, students and policymakers with an interest in the impact on financial regulation of an increasingly globalized world.
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 58 |
| Release | : 1989-09-06 |
| Genre | : Business & Economics |
| ISBN | : 1451960980 |
Download Public Finance in Islam Book in PDF, ePub and Kindle
The paper analyzes the bearing of Islamic teachings on the conduct of fiscal policy. It is shown that Islamic teachings do not prescribe any rigid system of public finance. The major emphasis is on the state’s responsibility to assure at least a basic minimum standard of living for all citizens. The paper deals with issues related to evolution of fiscal policies best suited to achieve this and other Islamic socio-economic objectives in the specific framework of Islamic teachings. The implications of such a system for growth, monetary stability, resource allocation, and pattern of income distribution are also examined.
