IRTI and Springer International jointly published the book, which comprises proceedings of a workshop on macroprudential regulation and policy in Islamic finance, organized by IRTI in collaboration with University College of Bahrain (UCB) in Manama, Bahrain, last year (2015).
The book is intended to provide new insights that could be utilized by central banks and other regulatory authorities in a dual banking system to mitigate systemic risks. This is part of IRTI’s contribution towards promoting and disseminating knowledge in Islamic economics and finance.
Areas covered in the book include macroprudential institutional framework, policy and regulation; systemic risks and financial stability in the Islamic finance industry; doctrinal challenge for Islamic banking on macroprudential regulations; short-term liquidity management mechanisms in the absence of Islamic interbank loan markets; experiences in implementing macroprudential policy in a dual banking system; and regulatory framework for Islamic finance.
The book is edited by Dr. Muhamed Zulkhibri and Prof. Abdul Ghafar Ismail of IRTI, and Sutan Emir Hidayat of UCB. The contributors of the chapters are from various research and financial institutions with diverse backgrounds in both Islamic and conventional economics and finance.
IRTI Director General, Prof. Mohamed Azmi Omar, said, “I believe that the subject covered by this book is of great importance to policymakers, academics, and practitioners. It is our hope that the book will provide new perspectives for the benefit of industry stakeholders.”
For more information on the book see here.
PT/PR