Islamic Finance
Opportunities, Challenges, and Policy Options
Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
| Author: | Alfred Mr. Kammer, Mohamed Mr. Norat, Marco Mr. Pinon, Ananthakrishnan Prasad, Christopher Mr. Towe, Zeine Mr. Zeidane | ISBN: | 9781475561821 |
| Publisher: | INTERNATIONAL MONETARY FUND | Publication: | April 6, 2015 |
| Imprint: | INTERNATIONAL MONETARY FUND | Language: | English |
| Author: | Alfred Mr. Kammer, Mohamed Mr. Norat, Marco Mr. Pinon, Ananthakrishnan Prasad, Christopher Mr. Towe, Zeine Mr. Zeidane |
| ISBN: | 9781475561821 |
| Publisher: | INTERNATIONAL MONETARY FUND |
| Publication: | April 6, 2015 |
| Imprint: | INTERNATIONAL MONETARY FUND |
| Language: | English |
The SDN discusses the main policy issues and challenges in building an inclusive and safe Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, it discuses why Islamic finance matters, taking into account its recent and prospective growth; and, its potential contributions in terms of financial inclusion, support for small- and medium-sized enterprises and investment in public infrastructure and, in principle, reduced systemic risk. It then covers a range of regulatory and other challenges, and offers policy advice, to address factors that hamper the development of the industry and, more generally, the delivery of its potential benefits. The paper covers regulatory and supervisory issues, safety nets and resolution frameworks, access to finance, Sukuk markets, and macroeconomic policies.
The SDN discusses the main policy issues and challenges in building an inclusive and safe Islamic finance industry, with emphasis on Islamic banking and Sukuk markets. To this end, it discuses why Islamic finance matters, taking into account its recent and prospective growth; and, its potential contributions in terms of financial inclusion, support for small- and medium-sized enterprises and investment in public infrastructure and, in principle, reduced systemic risk. It then covers a range of regulatory and other challenges, and offers policy advice, to address factors that hamper the development of the industry and, more generally, the delivery of its potential benefits. The paper covers regulatory and supervisory issues, safety nets and resolution frameworks, access to finance, Sukuk markets, and macroeconomic policies.
