Towards the development of Sharī'ah compliant high quality liquid assets for Islamic financial institutions

• Main Authors: Engku Ali, Engku Rabiah Adawiah, Oseni, Umar Aimhanosi, Ellias, Muhd Ramadhan Fitri, Haron, Muhamad Nasir
• Format: Article
• Language: English; English; English
• Published: IIUM Press, International Islamic University Malaysia 2017
• Subjects: HB126.4 Islamic Economics; HG3368 Islamic Banking and Finance; HG4001 Financial management. Business finance. Corporation finance.
• Online Access: http://irep.iium.edu.my/63106/1/63105_Towards%20providing%20the%20best%20Shar%C4%AB%27ah_scopus.pdf; http://irep.iium.edu.my/63106/7/63106_Towards%20the%20development%20of%20Shar%C4%AB%27ah.pdf; http://irep.iium.edu.my/63106/13/63106_Towards%20the%20development%20of%20Shar%C4%AB%27ah%20compliant_WOS.pdf; http://irep.iium.edu.my/63106/; http://journals.iium.edu.my/shajarah/index.php/shaj/article/view/619

Islamic banks are required to be able to access and hold sufficientlevels of High Quality Liquid Assets (HQLA) as part of Basel IIIrequirements. Such HQLA are specifically meant to allow theIslamic banks to raise funds in money markets in the event ofliquidity shortage or in some cases for the fundi...