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Insurability of Islamic Deposits and Investment Accounts

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  • 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).

Suggested Citation

  • International Association of Deposit Insurers, 2014. "Insurability of Islamic Deposits and Investment Accounts," IADI Research Papers 14-11, International Association of Deposit Insurers.
    • Handle: RePEc:awl:respap:1411
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    More about this item

    Keywords

    deposit insurance; bank resolution;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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