Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks?

To stimulate the economy, regulators across all jurisdictions have been taking unconventional approaches. Thus, in recent years, the management of benchmark rates (or interest rates) has received considerable prominence in the banking sector due to some reasons including supervision banks’ benchmark...

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Main Authors:	Chattha, Jamshaid Anwar, Syed Jaafar Alhabshi, Syed Musa
Format:	Article
Language:	English
Published:	Creative Commons Attribution-ShareAlike (CC BY-SA) 2018
Subjects:	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/68302/ http://irep.iium.edu.my/68302/ http://irep.iium.edu.my/68302/ http://irep.iium.edu.my/68302/1/68302%20-%20Lowly%20or%20Negative%20Benchmark%20Rates%20Bandwagon.pdf

id	iium-68302
recordtype	eprints
spelling	iium-683022018-12-06T07:35:31Z http://irep.iium.edu.my/68302/ Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks? Chattha, Jamshaid Anwar Syed Jaafar Alhabshi, Syed Musa HG1501 Banking HG4001 Financial management. Business finance. Corporation finance. To stimulate the economy, regulators across all jurisdictions have been taking unconventional approaches. Thus, in recent years, the management of benchmark rates (or interest rates) has received considerable prominence in the banking sector due to some reasons including supervision banks’ benchmark rates under Basel II. This paper reviews the possible dysfunctional implications of lowly and/or negative rates and provides a risk management and regulatory perspective for Islamic banks. These consequences call for a better risk management with appropriate tools and effective supervisory oversight. It hoped that the initial discussion presented in this paper on the implications and controls invites a broader debate on this issue in the Islamic financial services industry Creative Commons Attribution-ShareAlike (CC BY-SA) 2018-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/68302/1/68302%20-%20Lowly%20or%20Negative%20Benchmark%20Rates%20Bandwagon.pdf Chattha, Jamshaid Anwar and Syed Jaafar Alhabshi, Syed Musa (2018) Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks? Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics), 10 (1). pp. 115-134. ISSN 2087-135X E-ISSN 2407-8654 http://journal.uinjkt.ac.id/index.php/iqtishad/article/view/6121 DOI: 10.15408/aiq.v10i1.6121
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG1501 Banking HG4001 Financial management. Business finance. Corporation finance. Chattha, Jamshaid Anwar Syed Jaafar Alhabshi, Syed Musa Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks?
description	To stimulate the economy, regulators across all jurisdictions have been taking unconventional approaches. Thus, in recent years, the management of benchmark rates (or interest rates) has received considerable prominence in the banking sector due to some reasons including supervision banks’ benchmark rates under Basel II. This paper reviews the possible dysfunctional implications of lowly and/or negative rates and provides a risk management and regulatory perspective for Islamic banks. These consequences call for a better risk management with appropriate tools and effective supervisory oversight. It hoped that the initial discussion presented in this paper on the implications and controls invites a broader debate on this issue in the Islamic financial services industry
format	Article
author	Chattha, Jamshaid Anwar Syed Jaafar Alhabshi, Syed Musa
author_facet	Chattha, Jamshaid Anwar Syed Jaafar Alhabshi, Syed Musa
author_sort	Chattha, Jamshaid Anwar
title	Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks?
title_short	Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks?
title_full	Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks?
title_fullStr	Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks?
title_full_unstemmed	Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks?
title_sort	lowly or negative benchmark rates bandwagon: any risk implications for islamic banks?
publisher	Creative Commons Attribution-ShareAlike (CC BY-SA)
publishDate	2018
url	http://irep.iium.edu.my/68302/ http://irep.iium.edu.my/68302/ http://irep.iium.edu.my/68302/ http://irep.iium.edu.my/68302/1/68302%20-%20Lowly%20or%20Negative%20Benchmark%20Rates%20Bandwagon.pdf
first_indexed	2023-09-18T21:36:56Z
last_indexed	2023-09-18T21:36:56Z
_version_	1777412883031785472

Lowly or negative benchmark rates bandwagon: any risk implications for Islamic banks?

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