The potentials of
Purpose - The main purpose of this paper is to provide a comprehensive review of Design/methodology/approach - Based on an extensive literature review, this paper aims to highlight, explain and discuss the basic principles underlying implementation of MM and its distinctive features when compared to other modes of finance. Findings - Islamic banks, throughout the years, developed several modes of finance which are more or less similar to their conventional counterparts. In fact, Research limitations/implications - As a relatively new and untested mode of finance, the paper offers a theoretical overview only. Further studies should discuss more practical issues that keep banks away from utilizing MM more efficiently. Originality/value - The comprehensive overview of the MM and underlying issue discussed in this paper is a very good foundation for further studies on the topic. It gives a clear theoretical base for practical implementation of MM.
Volume (Year): 4 (2011)
Issue (Month): 3 (August)
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References listed on IDEAS
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