22 Hrs
Source:
المدينة
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Islamic Banks Council releases new Central Bank Practices
The Islamic Banking Council has released the 22nd edition of its digest, which highlights central banks' practices regarding mandatory reserve requirements within dual banking systems, with a focus on their application in Islamic banks. The edition presents experiences from countries such as Malaysia, Indonesia, the UAE, and Jordan, and explains Sharia-compliant methods for reserve management, including an analysis of how ratios impact liquidity management and resource efficiency. It also aims to promote balance and regulation in accordance with Sharia, through alternative liquidity tools and financing settlements to ensure supervisory coordination and equal opportunities within the financial system.
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