دور السياسة النقدية في إدارة السيولة في ظل تنامي الصيرفة الإسلامية -دراسة تجارب دولية

Abstract

This study aimed to review the role of monetary policy tools in liquidity management in light of the growth of Islamic banking by studying international experiences, Malaysia, Jordan, and Algeria, in developing and introducing monetary policy tools in liquidity management. The study concluded that with the great development in Islamic banking, there was There are solutions, some of which include developing open-end fund operations through trading in securities, high efficiency of profit revenues, and getting rid of interest that are compatible with Islamic law in Malaysia and Jordan. In Algeria, we concluded that Islamic banking is limited in number and size, in addition to the bank’s failure to take into account its specificities, in addition to its lack of a legislative system. The study recommended providing mechanisms appropriate to the nature of Islamic banks in the context of clarifying the relationship between the Bank of Algeria and Islamic banks, especially with regard to liquidity. Which is one of its biggest problems.