Sebanyak 33 item atau buku ditemukan

Central Banking and Monetary Management in Islamic Financial Environment

Continuous growth in Islamic finance calls for an in-depth study of the framework in which the monetary policy maker (i.e., the central bank) performs its functions. Central banks in Muslim countries are using various instruments for monetary policy purpose including interest rate. As a result, Islamic Financial Institutions (IFIs) are facing issues in benchmarking the price of financial instruments. Acceptable solution to benchmarking lies in the presence of a real economic activity in the base of any proposal and its feasibility for business performance when put against conventional banking. This paper presents empirical evidence of statistical equivalence of nominal GDP growth rate and official interest rate for 'advanced,' 'all,' and some Muslim countries. We propose nominal GDP growth rate as benchmark for pricing domestic financial transactions of IFIs as well as for pricing external bilateral/multilateral loans. The paper also suggests nominal income targeting as monetary policy regime and provides a liquidity management mechanism for banking system in Islamic financial environment.

Continuous growth in Islamic finance calls for an in-depth study of the framework in which the monetary policy maker (i.e., the central bank) performs its functions.

MODEL OUTLINE PENUYUSUNA/PENGEMBANGAN BACAAN KEAGAAMN MAHASISWA BAGI DOSEN AGAMA ISLAM DI PERGURUAN TINGGI

MODEL OUTLINE PENUYUSUNA/PENGEMBANGAN BACAAN KEAGAAMN MAHASISWA BAGI DOSEN AGAMA ISLAM DI PERGURUAN TINGGI

We Like Miss Sim

For pre-reading age19 initial key sight wordsSupported by Booster readers and Big Core readersPractise phonic patternsAppealing multicultural characters

For pre-reading age19 initial key sight wordsSupported by Booster readers and Big Core readersPractise phonic patternsAppealing multicultural characters