lundi 6 avril 2015
Islamic Finance: Opportunities, Challenges, and Policy Option
Posted on 17:08 by nice news
MS. AMR: Good morning. Thank you all for joining us this morning. This is a conference call on the Islamic Finance paper discussion note, Islamic finance, opportunities, challenges and policy options. I have with me most of the authors.
I'm pleased to introduce Mr. Chris Towe, Deputy Director of the Monetary and Capital Markets Department and Marco Pinon, Advisor in MCM. Mr. Prasad Ananthakrishnan, Deputy Division Chief, Middle East and Central Asia Department and Mr. Mohammed Norat, senior economist in MCM Department.
Mr. Towe will first give a short presentation on the paper and then, we'll open the floor for questions.
MR. TOWE: Thank you, Wafa. Just again, my name is Christopher Towe. I'm a Deputy Director in the Monetary and Capital Markets Department. The first thing I thought would be useful to do this morning is really just to give you an overview of why we're issuing this staff discussion note.
And in that context, I would say that at least one goal is to provide us an opportunity to recognize the Fund's very long involvement in the area of Islamic finance. And indeed, over the last several decades, the Fund has provided significant contributions to the theory and empirical analysis of Islamic finance. We've provided training and technical assistance to our members in such areas as regulation and supervision of Islamic banks, monetary policy implementation in the presence of Islamic finance and the development of Sukuk markets.
And we have worked closely with key Islamic finance standard setters and other important stakeholders to assist them in the development of international standards for Islamic institutions. However, our interest in this area has grown in recent years and this reflects the very rapid growth of the industry. This growth is documented in our staff discussion note which flags the growing reach of the industry not just in the Middle East but in Asia and Africa and as well as
I'm pleased to introduce Mr. Chris Towe, Deputy Director of the Monetary and Capital Markets Department and Marco Pinon, Advisor in MCM. Mr. Prasad Ananthakrishnan, Deputy Division Chief, Middle East and Central Asia Department and Mr. Mohammed Norat, senior economist in MCM Department.
Mr. Towe will first give a short presentation on the paper and then, we'll open the floor for questions.
MR. TOWE: Thank you, Wafa. Just again, my name is Christopher Towe. I'm a Deputy Director in the Monetary and Capital Markets Department. The first thing I thought would be useful to do this morning is really just to give you an overview of why we're issuing this staff discussion note.
And in that context, I would say that at least one goal is to provide us an opportunity to recognize the Fund's very long involvement in the area of Islamic finance. And indeed, over the last several decades, the Fund has provided significant contributions to the theory and empirical analysis of Islamic finance. We've provided training and technical assistance to our members in such areas as regulation and supervision of Islamic banks, monetary policy implementation in the presence of Islamic finance and the development of Sukuk markets.
And we have worked closely with key Islamic finance standard setters and other important stakeholders to assist them in the development of international standards for Islamic institutions. However, our interest in this area has grown in recent years and this reflects the very rapid growth of the industry. This growth is documented in our staff discussion note which flags the growing reach of the industry not just in the Middle East but in Asia and Africa and as well as
Islamic Finance: Opportunities, Challenges, and Policy Option
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