o:id
	5285
url
	https://islam.zmo.de/s/westafrica/item/5285
o:resource_template
	Journal article
o:resource_class
	bibo:AcademicArticle
dcterms:title
	Islamic Money-Market Instruments: A proposal for the Nascent Islamic Banking Institutions in Republic of Benin
dcterms:subject
	Islamic banking
dcterms:publisher
	https://islam.zmo.de/s/westafrica/item/25086
dcterms:date
	2022
dcterms:type
	https://islam.zmo.de/s/westafrica/item/8475
dcterms:identifier
	https://www.wikidata.org/wiki/Q115959846 Q115959846
	iwac-reference-0000147
dcterms:language
	https://islam.zmo.de/s/westafrica/item/8322
dcterms:abstract
	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.
dcterms:spatial
	https://islam.zmo.de/s/westafrica/item/283
bibo:authorList
	https://islam.zmo.de/s/westafrica/item/1617
	https://islam.zmo.de/s/westafrica/item/1618
bibo:issue
	1
bibo:pageEnd
	92
bibo:pageStart
	85
bibo:volume
	39

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