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Author/Editor:
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Aledjandro Lopez Mejia ; Suliman Aljabrin ; Rachid Awad ; Mohamed Norat ; Inwon Song
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Publication Date:
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December 12, 2014
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Electronic Access:
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Free Full text
(PDF file size is 597KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper aims at developing a better understanding of Islamic banking (IB) and providing policy recommendations to enhance the supervision of Islamic banks (IBs). It points out and discusses similarities and differences of IBs with conventional banks (CBs) and reviews whether the IBs are more stable than CBs. Given the risks faced by IBs, the paper concludes that they need a legal, corporate and regulatory framework as much as CB does. The paper also argues that it is important to ensure operational independence of the supervisory agency, which has to be supported by adequate resources, a sound legal framework, a well designed governance structure, and robust accountability practices.
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Order a print copy
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Series:
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Working Paper No. 14/219
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Subject(s):
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Islamic banking supervision | Commercial banks | Bank regulations | Credit risk | Comparative advantage
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English
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Publication Date:
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December 12, 2014
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ISBN/ISSN:
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9781498361590/1018-5941
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Format:
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Paper
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Stock No:
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WPIEA2014219
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Pages:
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33
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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