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Chapter 8: Islamic Money Market ((Trading of Islamic Money Market…
Chapter 8: Islamic Money Market
Money Market Participants
Islamic Interbank Market:
Mudharabah Interbank Investment
Commodity Murabahah Liquidity Facility
Wakalah Interbank Investment
To maintain monetary equilibrium
To promote economic growth
To provide help to trade and industry
To help in implementing monetary policy.
To help in capital formation
Money market provides non-inflationary sources of finance to government.
(d) Business
Differences between Islamic and Conventional Money Markets
(a) Treasury department
(b) Repurchase Agreements
(b) Central banks
(c) Commercial banks
Money Market Instruments
Functions of a Money Market
(a) Treasury Bills (t-bills)
(c) Commercial Papers
(d) Certificate of Deposit
(e) Banker’s Acceptance
Trading of Islamic Money Market Instruments
Government Investment Issue
Islamic Treasury Bill
Musharakah Investment Certificates
Islamic Negotiable Instruments
Islamic Accepted Bill
Sell and Buy Back Agreement
Collateralized Murabahah
Islamic Corporate Security