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 TypeDr GradeEmail
محمود أ . الجملMAHMOUD A. EL-GAMALResearcher  

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