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Document Details
Document Type
:
Article In Journal
Document Title
:
Involving Islamic Banks in Central Bank Open Market Operations
إشراك المصارف الإسلامية في معاملات السوق المفتوحة للبنوك المركزية
Subject
:
Articles
Document Language
:
Arabic
Abstract
:
A variety of existing and proposed alternative government papers are acceptable to some Islamic Banks and not to others, dut to differences of oinion among Islamic jurists on the admissibility of various contracts. This overview contracts. This overview article discusses: (i) the relevant aspects of Islamic law which govern the sale and resale of government papers; (ii) various government papers that are accepted in practice by some Islamic banks in Islamic countries, and their effectiveness in carrying out open market operations ( OMOs). The policy presecription arising from the paper is the need for Central Banks to engage in reverese financial engineering, i.e to issue government papers which target banks would accept.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
15
Issue Number
:
1
Publishing Year
:
1423 AH
2003 AD
Number Of Pages
:
22
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
محمود أ . الجمل
MAHMOUD A. EL-GAMAL
Researcher
Files
File Name
Type
Description
21117.pdf
pdf
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