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IMF working paper provides better understanding of Islamic banking
International Monetary Fund working paper discusses similarities and differences of Islamic banks (IBs) with conventional banks (CBs), and reviews whether IBs are more stable than CBs. Concludes that it is important to ensure operational independence of the supervisory agency, which must be supported by adequate resources, a sound legal framework, a well-designed governance structure, and robust accountability practices.
Publisher:
International Organizations
Release date:
Dec 2014
Type:
Consultative, discussion and issues paper
Topics:
Islamic finance, Corporate governance, Supervisory framework
Sectors:
Banking
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