THE INTERBANK MONEY MARKETS

Obiyathulla Ismath Bacha, Ali Zhang Hengchao and Mirzet Šeho

Chapter 3 in Islamic Capital Markets:A Comparative Approach, 2025, pp 49-72 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter is designed to provide an in-depth understanding of the Interbank Money Market and the instruments traded therein. The rationale for money markets, their functions, key components, and trading mechanisms are explained. Upon completing the chapter, you should have a good understanding of the need for the money market, its role and links with the rest of the financial system, and the types of instruments traded.

Keywords: Islamic Banking; Islamic Finance; Capital; Capital Markets; Contracts; Instrument Design; Interbank; Interbank Money Market; Islamic Interbank Money Market; Bond; Bond Market; Sukuk; Sukuk Market; Common Stocks; Equity Markets; Islamic Equities Market; Derivative Instruments; Shariah; Shariah-compliant Derivative Instrument; Exchange Rates; Foreign Exchange Market; Digital Financial Assets; Blockchain; Financial Solution; Digital Financial Solution; Conventional Capital Market; Dual Market (search for similar items in EconPapers)
JEL-codes: F3 G15 G18 G23 G24 (search for similar items in EconPapers)
Date: 2025
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