id
	5285
Url
	https://islam.zmo.de/s/afrique_ouest/item/5285
Modèle de ressource
	Journal article
Classe de ressource
	bibo:AcademicArticle
Titre
	Islamic Money-Market Instruments: A proposal for the Nascent Islamic Banking Institutions in Republic of Benin
Sujet
	Islamic banking
Editeur
	https://islam.zmo.de/s/afrique_ouest/item/25086
Date
	2022
Type
	https://islam.zmo.de/s/afrique_ouest/item/8475
Identifiant
	https://www.wikidata.org/wiki/Q115959846 Q115959846
	iwac-reference-0000147
Langue
	https://islam.zmo.de/s/afrique_ouest/item/8322
Résumé
	There is no gainsaying the fact that the money market is one of the most important components of the banking institution. This article proposes viable Islamic money market instruments from the experience of Malaysia and Nigeria for the nascent Islamic banking institution in the Republic of Benin. The money market is the mechanism for the management of the required liquid asset and statutory reserves in the banking system. It serves the purpose of the maintenance of minimum liquidity ratio and statutory reserve that represents the daily requirement of the banking institution. It is how the Central Bank passes monetary policies to the subordinate banks. The role of the money market in the banking system as a keeper of liquid assets rate it above other branches of the financial market. The proposal is derived from the experience of Malaysia, which is a leading Islamic banking jurisdiction, and Nigeria, which is a relatively new African Islamic finance regime. The study adopts a qualitative method.
Couverture spatiale
	https://islam.zmo.de/s/afrique_ouest/item/283
Liste des auteurs
	https://islam.zmo.de/s/afrique_ouest/item/1617
	https://islam.zmo.de/s/afrique_ouest/item/1618
Numéro
	1
Dernière page
	92
Première page
	85
Volume
	39

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