Islamic finance and global financial stability
By: jointly published by the Islamic Financial Services Board (IFSB), the Islamic Development Bank (IDB) and the Islamic Research and Training Institute (IRTI)
Contributors: Islamic Development Bank; Islamic Research and Training Institute
Publisher: Islamic Financial Services Board
Published: 2010
Place of publication: Kuala Lumpur
Language: eng
Number of pages: 73
Subjects: Finance; Religious aspects; Islam; Banks and banking
Description: The report examines the intrinsic strength of the Islamic finance model, the state of the Islamic financial services industry and challenges and strategies for strengthening financial stability in the Islamic financial services industry. Although the Islamic financial services industry was relatively less affected by the crisis, its underlying causes bear important lessons for the Islamic financial services industry going forward. This becomes even more important as Islamic finance operates within the global financial system that is characterised by increasingly large and volatile cross-border capital flows amid an environment of deeper international financial integration. Therefore, it is vital to accelerate the development of critical building blocks of the Islamic financial system to respond to the changing economic and financial landscape, and support the orderly development of Islamic finance for sustained global financial stability.
Notes: "April 2010."

Includes bibliographical references.