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Regulation and Supervision of Islamic Banks
Author:
Aledjandro Lopez Mejia
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,
Suliman Aljabrin
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Rachid Awad
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Mr. Mohamed Noratnull

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Mr. In W Song
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Series:
IMF Working Papers
Volume/Issue:
Volume 2014: Issue 219
Language:
English
Publication Date:
12 Dec 2014
DOI:
https://doi.org/10.5089/9781498361590.001
ISBN:
9781498361590
ISSN:
1018-5941
Pages:
33
Keywords:
WP; Islamic bank; bank; IB balance sheets; governance structure; IB sector; Islamic banks; conventional banks; regulatory framework; banking supervision; transparency risk; IBS intermediation; IBS disclosure; risk sharing; IBS shift; IBS arise; IBS risk sharing; IBS financing; IB framework; regulation of Islamic banks; Islamic banking; Legal support in revenue administration; Basel Core Principles; Credit risk; Global; IB presence
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper aims at developing a better understanding of Islamic banking (IB) and providing policy recommendations to enhance the supervision of Islamic banks (IBs). It points out and discusses similarities and differences of IBs with conventional banks (CBs) and reviews whether the IBs are more stable than CBs. Given the risks faced by IBs, the paper concludes that they need a legal, corporate and regulatory framework as much as CB does. The paper also argues that it is important to ensure operational independence of the supervisory agency, which has to be supported by adequate resources, a sound legal framework, a well designed governance structure, and robust accountability practices.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2014: Issue 219