The Development of an Islamic Money Market.Pdf

Finance , Islamic banking , Money market

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.'
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