bank with safely invested deposits a proposed type of bank that has all its deposits invested in safe assets, and which does not involve itself in investment banking
The key to ensuring the long-term stability of the Islamic financial sector could be to establish different legal entities for a bank’s transaction and investment functions. This is not a new idea: in the recent debates on conventional financial system reforms, proposals for 100% money, narrow
By Volker Nienhaus
Companies must comply with certain rules and regulations and adhere to the directions agreed by the board of directors. They institutionalize and adhere to rules of executive compensation, and are monitored by financial institutions and banks. Company executives and managers on lower levels comply
By Irena Jindrichovska
also prohibits investment in sectors classified as inappropriate on moral grounds by shariah law. These include industries involving alcohol, gambling, or drugs, but can extend well beyond these narrow boundaries. Each Islamic bank’s adherence to the principles of shariah law is governed by its own
Definitions of ’narrow bank’ and meaning of ’narrow bank’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’narrow bank’ and other financial terms with our online QFINANCE Financial Dictionary.