Insurability of Islamic Deposits and Investment Accounts

International Association of Deposit Insurers

No 14-11, IADI Research Papers from International Association of Deposit Insurers

Abstract: The protection of Islamic deposits and investment accounts under a deposit insurance system has generated much discussion in the Islamic finance fraternity as to whether or not the products, especially the latter, could, in the event of a bank failure, be covered under the system from the Islamic law (Shari’ah) viewpoint. In contrast to Islamic deposits, whose amounts are principal guaranteed, investment accounts are non-principal guaranteed products. Investment accounts also commonly form the bulk of customer funds held at institutions offering Islamic financial services (IIFS).

Keywords: deposit insurance; bank resolution (search for similar items in EconPapers)
JEL-codes: G21 G33 (search for similar items in EconPapers)
Date: 2014-11
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.iadi.org/en/assets/File/Papers/Approve ... n-Nov_2014-FINAL.pdf Final version (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:awl:respap:1411

Access Statistics for this paper

More papers in IADI Research Papers from International Association of Deposit Insurers Contact information at EDIRC.
Bibliographic data for series maintained by IADI Research Unit ().