The effects of monetary policy on the Islamic financial services industry

Burak Yungucu and Buerhan Saiti
Authors registered in the RePEc Author Service: Burhan Uluyol

Qualitative Research in Financial Markets, 2016, vol. 8, issue 3, 218-228

Abstract: Purpose - The purpose of this paper is to investigate the effects of monetary policy on the Islamic financial service industry by studying the findings of the existed literature. Design/methodology/approach - Because of the unavailability of the empirical models in the existing study, the authors used past studies review and proposed a new theoretical model. Findings - Majority of these studies have documented the negative effects with the exception of a few. The transmission of the monetary policy has been taken place through interest rate risk, asset-liability mismatch, as well as deposit and financing instability. Furthermore, the examined studies have confirmed the viability of the Islamic monetary policy. Originality/value - The proposed model may offer some insights to policy makers if it is examined empirically.

Keywords: Monetary policy; Islamic finance; Islamic financial service industry; E52; Z1 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:qrfmpp:v:8:y:2016:i:3:p:218-228

DOI: 10.1108/QRFM-02-2016-0006

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