Islamic interbank money market: contracts, instruments and their pricing

Islamic interbank money market: contracts, instruments and their pricing

This chapter discusses the Islamic interbank money market, its instruments and operations. The discussion demonstrates that the existence of a viable Islamic interbank money market is crucial for the successful implementation of an Islamic financial system. The chapter examines the various interb...

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Bibliographic Details
Main Authors: Saiti, Buerhan, Hasan, Aznan, Engku Ali, Engku Rabiah Adawiah
Format: Book Chapter
Language:English
Published: Palgrave Macmillan 2016
Subjects:
HG Finance
Online Access:http://irep.iium.edu.my/51470/
http://irep.iium.edu.my/51470/
http://irep.iium.edu.my/51470/
http://irep.iium.edu.my/51470/1/51470_Islamic%20Interbank%20Money%20Market.pdf
id iium-51470
recordtype eprints
spelling iium-514702017-01-16T04:14:25Z http://irep.iium.edu.my/51470/ Islamic interbank money market: contracts, instruments and their pricing Saiti, Buerhan Hasan, Aznan Engku Ali, Engku Rabiah Adawiah HG Finance This chapter discusses the Islamic interbank money market, its instruments and operations. The discussion demonstrates that the existence of a viable Islamic interbank money market is crucial for the successful implementation of an Islamic financial system. The chapter examines the various interbank money market instruments, their underlying Islamic contracts and their pricing mechanisms, with appropriate examples. The availability of various Islamic interbank money market instruments allows Islamic banks to cover their exposure (in case of deficit) and make placement on short­term basis (in case of surplus). Moving forward, a greater variety of instruments with fixed return mechanisms and tradability features, which at the same time invite fewer Shariah issues, must be offered in the market to ensure a more vibrant Islamic interbank money market. Palgrave Macmillan 2016 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/51470/1/51470_Islamic%20Interbank%20Money%20Market.pdf Saiti, Buerhan and Hasan, Aznan and Engku Ali, Engku Rabiah Adawiah (2016) Islamic interbank money market: contracts, instruments and their pricing. In: Islamic capital markets: volatility, performance and stability. Palgrave CIBFR Studies In Islamic Finance . Palgrave Macmillan, AG Switzerland, pp. 67-100. ISBN 978-3-319-33990-0 https://www.palgrave.com/de/book/9783319339900# 10.1007/978-3-319-33991-7_5
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG Finance
spellingShingle HG Finance
Saiti, Buerhan
Hasan, Aznan
Engku Ali, Engku Rabiah Adawiah
Islamic interbank money market: contracts, instruments and their pricing
description This chapter discusses the Islamic interbank money market, its instruments and operations. The discussion demonstrates that the existence of a viable Islamic interbank money market is crucial for the successful implementation of an Islamic financial system. The chapter examines the various interbank money market instruments, their underlying Islamic contracts and their pricing mechanisms, with appropriate examples. The availability of various Islamic interbank money market instruments allows Islamic banks to cover their exposure (in case of deficit) and make placement on short­term basis (in case of surplus). Moving forward, a greater variety of instruments with fixed return mechanisms and tradability features, which at the same time invite fewer Shariah issues, must be offered in the market to ensure a more vibrant Islamic interbank money market.
format Book Chapter
author Saiti, Buerhan
Hasan, Aznan
Engku Ali, Engku Rabiah Adawiah
author_facet Saiti, Buerhan
Hasan, Aznan
Engku Ali, Engku Rabiah Adawiah
author_sort Saiti, Buerhan
title Islamic interbank money market: contracts, instruments and their pricing
title_short Islamic interbank money market: contracts, instruments and their pricing
title_full Islamic interbank money market: contracts, instruments and their pricing
title_fullStr Islamic interbank money market: contracts, instruments and their pricing
title_full_unstemmed Islamic interbank money market: contracts, instruments and their pricing
title_sort islamic interbank money market: contracts, instruments and their pricing
publisher Palgrave Macmillan
publishDate 2016
url http://irep.iium.edu.my/51470/
http://irep.iium.edu.my/51470/
http://irep.iium.edu.my/51470/
http://irep.iium.edu.my/51470/1/51470_Islamic%20Interbank%20Money%20Market.pdf
first_indexed 2023-09-18T21:12:51Z
last_indexed 2023-09-18T21:12:51Z
_version_ 1777411368371093504

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