By Muhamed Zulkhibri, Abdul Ghafar Ismail, Sutan Emir Hidayat
This quantity goals to debate the present learn, thought, method and purposes of macropreudential rules and coverage for the Islamic monetary undefined. released in cooperation with the Islamic study and coaching Institute (IRTI), this booklet positive factors contributions from a workshop offered in collaboration with the college university of Bahrain (UCB) in Manama, Bahrain, aimed to compile specialists in Islamic banking and rules and fiscal economics. This ensuing e-book sheds gentle on how macroprudential coverage will be applied within the Islamic economy, and shows present demanding situations and their results on monetary progress, monetary balance and fiscal regulation.
Macroprudential coverage is more and more visible as a fashion of facing the several dimensions of systemic threat. yet many crucial banks, financial institution supervisors and regulators have constrained adventure with macroprudential instruments, relatively within the Islamic monetary undefined. Given the complementarities among financial coverage and monetary balance, it seems that imperative banks may regularly play an immense position in macroprudential coverage. yet how should still macroprudential coverage top have interaction with financial coverage? it's changing into extra urgent for the significant banks to behavior financial coverage within which its traditional banking procedure operates facet by way of part with Islamic banking process. this question has obtained expanding recognition within the examine literature yet there's a lot we nonetheless have to study. this is because new insights from study on macroprudential coverage – which has won vital impetus lately – are so helpful.
that includes contributions on subject matters equivalent to macroprudential rules, coverage, instruments and tools; governance, systematic hazard, financial coverage, and financial institution leverage, the editors supply a suite of complete study masking crucial matters on macroprudential coverage and law for the Islamic monetary undefined. This quantity is anticipated to be an important contribution to the literature within the box of Islamic finance and evaluate of public regulations to advertise the improvement for Islamic monetary undefined. it's also served as a key textual content for college students, teachers, researchers, policy-makers within the box of Islamic finance.