SUNANDO ROY – On Banking, Finance and Society

Published by sunandoroy on Tue, 2009-12-08 15:16

Strengthening Islamic Banking : Takeaways from World islamicBanking Conference, Bahrain
A few suggestions at the WIBC 2009 to strengthen Islamic Banking 

Banks should
1. Understand risks better
2. Avoid mimicking
3. Look for technical expertise- address lack of key Human resource skillset
4. Financial Stability should be considered in Monetary policy
5. Accounting Standards must improve
6. interbank market needs to be strengthened
7. Central Counterparty, better clearing system
8. Understanding implicit and explicit government protection
9.Liquidity Management
10. Need to focus on SMEs/ Social Development, reconsider investment banking model
11. Flexibility in Sharia Interpretation
12.More Sharia scholars 

Here is the link to access the presentations at the World Islamic Banking Conference, 2009 ( Dec 6-8) , Bahrain 

http://www.megaevents.net/islamic_banking