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...
| Main Authors: | , , |
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| Format: | Book Chapter |
| Language: | English |
| Published: |
Palgrave Macmillan
2016
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/51470/ http://irep.iium.edu.my/51470/1/51470_Islamic%20Interbank%20Money%20Market.pdf |
| _version_ | 1848783858191826944 |
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| 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 |
| building | IIUM Repository |
| collection | Online Access |
| 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 shortÂterm
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. |
| first_indexed | 2025-11-14T16:28:02Z |
| format | Book Chapter |
| id | iium-51470 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:28:02Z |
| publishDate | 2016 |
| publisher | Palgrave Macmillan |
| recordtype | eprints |
| repository_type | Digital Repository |
| 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 shortÂterm 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 |
| spellingShingle | HG Finance Saiti, Buerhan Hasan, Aznan Engku Ali, Engku Rabiah Adawiah Islamic interbank money market: contracts, instruments and their pricing |
| title | 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_short | Islamic interbank money market: contracts, instruments and their pricing |
| title_sort | islamic interbank money market: contracts, instruments and their pricing |
| topic | HG Finance |
| 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 |