Shari’ah compliant liquid commodity market : {An expositional study on Bursa Suq al-Sil’ah in Malaysia} / Abdul Azeez Maruf Olayemi ... [et al.]

Hasan, Aznan and Ibrahim, Uzaimah and Buang, Ahmad Hidayah (2015) Shari’ah compliant liquid commodity market : {An expositional study on Bursa Suq al-Sil’ah in Malaysia} / Abdul Azeez Maruf Olayemi ... [et al.]. Journal of Emerging Economies and Islamic Research (JEEIR), 3 (2). pp. 1-11. ISSN 2289-2559

Abstract

One of the major challenges before the emerging Islamic financial Institutions is the dearth of Shariah compliant
money market platform for the management of their liquidity. However, a viable panacea to the problem has been
developed in Malaysia. One of the measures that were taken for the solving of the problem in the country was the
creation of Bursa Suq al-Sil'ah which is a Shariah compliant liquidity commodity market. The market is tremendously efficient and it can form a model for other countries. This paper submits that the creation of a similar
commodity market in the emerging jurisdictions will mitigate the problem of Shariah compliant liquidity
management to a great extent. The study adopts Shariah method in its analysis in view of buttressing the mechanism
of Bursa Suq al-Sil‟ah as a model for the emerging jurisdiction.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Hasan, Aznan
UNSPECIFIED
Ibrahim, Uzaimah
UNSPECIFIED
Buang, Ahmad Hidayah
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Liquidity
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies and Islamic Research (JEEIR)
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: 2289-2559
Volume: 3
Number: 2
Page Range: pp. 1-11
Keywords: Liquid Commodity Market, Bursa Suq al-Sil'ah, Emerging Islamic Financial Institutions
Date: 2015
URI: https://ir.uitm.edu.my/id/eprint/12377
Edit Item
Edit Item

Download

[thumbnail of AJ_ABDUL AZEEZ MARUF OLAYEMI JEEIR 15.pdf] Text
AJ_ABDUL AZEEZ MARUF OLAYEMI JEEIR 15.pdf

Download (372kB)

ID Number

12377

Indexing

Statistic

Statistic details