Holistic view on Malaysian Islamic interbank money market: A critical assessment

Holistic view on Malaysian Islamic interbank money market: A critical assessment

There are many instruments being offered in the current Islamic Interbank money market (IIMM). We can divide it into two main types: deposit and placement; and tradable securities. Mudharabah Interbank Instrument (MII), Wadiah Acceptance, Commodity Murabahah (CM) and Wakalah Investment Account (WIA)...

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Bibliographic Details
Main Author: Saiti, Buerhan
Format: Conference or Workshop Item
Language:English
English
Published: Sultan Agung Islamic University Indonesia 2015
Subjects:
HG1501 Banking
Online Access:http://irep.iium.edu.my/46130/
http://irep.iium.edu.my/46130/5/IIMM_PAPER.pdf
http://irep.iium.edu.my/46130/12/46130-new.pdf
id iium-46130
recordtype eprints
spelling iium-461302017-05-03T07:49:15Z http://irep.iium.edu.my/46130/ Holistic view on Malaysian Islamic interbank money market: A critical assessment Saiti, Buerhan HG1501 Banking There are many instruments being offered in the current Islamic Interbank money market (IIMM). We can divide it into two main types: deposit and placement; and tradable securities. Mudharabah Interbank Instrument (MII), Wadiah Acceptance, Commodity Murabahah (CM) and Wakalah Investment Account (WIA) are categorized as deposit and placement instruments. These instruments serve similar purposes as those of conventional bank deposit and placement instruments, though the contract, product structure and method of applications are not the same. On the other hand, tradable securities are more efficient instruments for managing liquidity. There are several such securities that are currently traded in IIMM; Government Investment Issue (GII), Bank Negara Monetary Notes-i (BNMN-i), Sell and buy Back Agreement (SBBA), Sukuk Mudharabah Cagamas (SMC), Islamic Accepted Bills (IAB), Islamic Negotiable Instruments (INI) and Islamic Securities (sukuk). In this paper, we discuss the products and services of IIMM, their modus operandi as well as Shariah issues and risks associated with IIMM. There are three main risks highlighted and discussed i.e. market risk, credit risk and operational risk. Sultan Agung Islamic University Indonesia 2015-11-18 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/46130/5/IIMM_PAPER.pdf application/pdf en http://irep.iium.edu.my/46130/12/46130-new.pdf Saiti, Buerhan (2015) Holistic view on Malaysian Islamic interbank money market: A critical assessment. In: 3rd ASEAN International Conference in Islamic Finance (AICIF), 18th-19th November 2015, Semarang, Indonesia.
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic HG1501 Banking
spellingShingle HG1501 Banking
Saiti, Buerhan
Holistic view on Malaysian Islamic interbank money market: A critical assessment
description There are many instruments being offered in the current Islamic Interbank money market (IIMM). We can divide it into two main types: deposit and placement; and tradable securities. Mudharabah Interbank Instrument (MII), Wadiah Acceptance, Commodity Murabahah (CM) and Wakalah Investment Account (WIA) are categorized as deposit and placement instruments. These instruments serve similar purposes as those of conventional bank deposit and placement instruments, though the contract, product structure and method of applications are not the same. On the other hand, tradable securities are more efficient instruments for managing liquidity. There are several such securities that are currently traded in IIMM; Government Investment Issue (GII), Bank Negara Monetary Notes-i (BNMN-i), Sell and buy Back Agreement (SBBA), Sukuk Mudharabah Cagamas (SMC), Islamic Accepted Bills (IAB), Islamic Negotiable Instruments (INI) and Islamic Securities (sukuk). In this paper, we discuss the products and services of IIMM, their modus operandi as well as Shariah issues and risks associated with IIMM. There are three main risks highlighted and discussed i.e. market risk, credit risk and operational risk.
format Conference or Workshop Item
author Saiti, Buerhan
author_facet Saiti, Buerhan
author_sort Saiti, Buerhan
title Holistic view on Malaysian Islamic interbank money market: A critical assessment
title_short Holistic view on Malaysian Islamic interbank money market: A critical assessment
title_full Holistic view on Malaysian Islamic interbank money market: A critical assessment
title_fullStr Holistic view on Malaysian Islamic interbank money market: A critical assessment
title_full_unstemmed Holistic view on Malaysian Islamic interbank money market: A critical assessment
title_sort holistic view on malaysian islamic interbank money market: a critical assessment
publisher Sultan Agung Islamic University Indonesia
publishDate 2015
url http://irep.iium.edu.my/46130/
http://irep.iium.edu.my/46130/5/IIMM_PAPER.pdf
http://irep.iium.edu.my/46130/12/46130-new.pdf
first_indexed 2023-09-18T21:05:40Z
last_indexed 2023-09-18T21:05:40Z
_version_ 1777410916509286400

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