A shari'ah and legal study of the feasibility of introducing Islamic money market in Mauritania /

In recent decades, Islamic finance has set a firm foundation and exhibited remarkable growth in the financial industry around the world. However, there is need for liquidity means to maintain and strength the growth of Islamic finance. Money market plays a major role in development of Islamic financ...

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Bibliographic Details
Main Author: Ahmedsalem, Elmamy (Author)
Format: Thesis
Language:English
Published: Kuala Lumpur : IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia, 2015
Subjects:
Online Access:Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library.
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040 |a UIAM  |b eng  |e rda 
041 |a eng 
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084 |a BPH381.4 
100 1 |a Ahmedsalem, Elmamy,  |e author 
245 1 0 |a A shari'ah and legal study of the feasibility of introducing Islamic money market in Mauritania /  |c by Elmamy Ahmaedsalem 
264 1 |a Kuala Lumpur :  |b IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia,  |c 2015 
300 |a xiii, 79 leaves :  |b illustrations ;  |c 30cm. 
336 |2 rdacontent  |a text 
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337 |2 rdamedia  |a computer 
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338 |2 rdacarrier  |a online resource 
347 |2 rdaft  |a text file  |b PDF 
500 |a Abstracts in English and Arabic. 
500 |a "A research Paper submitted in fulfilment of the requirement for the degree of Master of Science in Islamic Banking and Finance." --On title page. 
502 |a Thesis (MIBF)--International Islamic University Malaysia, 2015. 
504 |a Includes bibliographical references (leaves 67-68). 
520 |a In recent decades, Islamic finance has set a firm foundation and exhibited remarkable growth in the financial industry around the world. However, there is need for liquidity means to maintain and strength the growth of Islamic finance. Money market plays a major role in development of Islamic financial industry through facilitating the liquidity management and increase efficiency of Islamic financial institutions. In Mauritania, Islamic finance continues its progress; several Islamic financial institutions are operating currently in Mauritania. Therefore, there is a need to introduce an Islamic money market (IMM) to enhance the growth of Mauritanian Islamic financial system by providing the liquidity management that is crucial for the smooth function of lslamic financial market. The principal objective of this research is to assess the possibility of introducing Islamic money market in Mauritania from the legal and shari'ah perspectives. The research is an exploratory qualitative study. Both secondary and primary data are used in this research. Primary data conducted through interview method, a number of shari'ah scholars interviewed. On the other hand, secondary data is obtained through the Mauritanian banking regulations, legal library books, Mauritanian official legal journal, and websites. The research findings show that, there is a need for amending the existing law or introducing new law which will allow introducing IMM in Mauritania. According to Mauritania Scholars, Malaysia Islamic interbank money market products are divided into three categories: shari'ah compliant products, non shari'ah compliant products and products need modification to be a shari'ah compliant. 
596 |a 1 4 
650 0 |a Money market (Islamic law)  |z Mauritania 
655 |a Theses, IIUM local 
690 |a Dissertations, Academic  |x Institute of Islamic Banking and Finance.  |z IIUM 
691 |a Finance, Islamic 
710 |a International Islamic University Malaysia.  |b Institute of Islamic Banking and Finance. 
856 |u https://lib.iium.edu.my/mom/services/mom/document/getFile/0ZWvXUlplseNBDvQPNPdTrMAHmsgBPXZ20191008121346935  |z Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library. 
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