Multi-Country Report : Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

June 20, 2017

Electronic Access:

Free Full text (PDF file size is 4887 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This background paper, which is a supplement to the board paper on “Ensuring Financial Stability in Countries with Islamic Banking (IB) Sectors”, presents country experiences with reforms to strengthen regulatory oversight of the IB sector. It reviews experiences with and the progress made in adapting prudential, safety nets and resolution frameworks to the specifics of IB. The selection of several countries from a range of regions with different levels of development and approaches to IB was designed to provide a representative sample of country experiences so as to enrich the policy conclusions. Such a multiplicity of experiences can help to identify common challenges that countries face in reforming their regulatory frameworks and to distill best practices. The countries, for which detailed case studies have been undertaken, are: Bahrain, Djibouti, Indonesia, Kenya, Kuwait, Malaysia, Nigeria, Pakistan, Sudan, Turkey and the United Kingdom.

Series:

Country Report No. 17/145

English

Publication Date:

June 20, 2017

ISBN/ISSN:

9781484302996/1934-7685

Stock No:

1MCDEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

103

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