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The Development of an Islamic Money Market.Pdf

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The Development of an Islamic Money Market.Pdf

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  • May 2012
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The developrnent an of Islamic money market
Nasiruddin Ahme4 gives his views on the development of the Islamic Bank. The establishment of an Islamic money market will require the support of the central Bank. It is essential to develop specific financial instruments to utilize and mobilize funds thus enabling the Islamic Banks to meet the essentialneeds of the Shariah. , u a d i t i o n a l i n t c r e s t - b a s e dy s s T:.:-. ihe moncy market becomesa | I : : = . ' n s b l . w h i c h f i n a n c i a li n s t i t u r : r : i r -.ir n a d j u s t t h e i r b a l a n c es h e e t ; - , : : , : , : ; r c e o s i t i o ni n t h c s em a r k e t s . p i: --r - u i ^l L ( l ) r r -^^:!:lns, which exists -^^1^ PU>rtr\ .'i : r.'