1
Assistant Professor, Economics Department, Shiraz University
2
M. A. Student, Economics, Shiraz University
Abstract
Liquidity management is one of the most important discussions in banking which applies to all Islamic and conventional banks. The importance of liquidity transcends the individual bank, since a liquidity shortfall at a single bank may invoke systemic repercussion causing harm to the whole financial stability of a country. Difference between maturity of assets and liabilities is the main reason that makes liquidity risk; therefore, it is important for banks and financial institutions to have adequate liquidity potential in order to obtain sufficient funds promptly and at a reasonable cost whenever they face the liquidity problem. Due to lack of liquidity instruments based on shariah principle, liquidity risk is more important in Islamic banking and financial institutions. Commodity Murabahah program is one of the innovations that can help to manage liquidity risk in short-term. This paper provides insights into the mechanism and structure of Commodity Murabahah Program as an instrument to manage liquidity.
Akbarian, R., & Shirazi, H. (2010). Commodity Murabahah Program; A New Instrument for Liquidity Management. Journal of Economic Essays; an Islamic Approach, 7(13), 129-144.
MLA
Reza Akbarian; Homayoon Shirazi. "Commodity Murabahah Program; A New Instrument for Liquidity Management". Journal of Economic Essays; an Islamic Approach, 7, 13, 2010, 129-144.
HARVARD
Akbarian, R., Shirazi, H. (2010). 'Commodity Murabahah Program; A New Instrument for Liquidity Management', Journal of Economic Essays; an Islamic Approach, 7(13), pp. 129-144.
VANCOUVER
Akbarian, R., Shirazi, H. Commodity Murabahah Program; A New Instrument for Liquidity Management. Journal of Economic Essays; an Islamic Approach, 2010; 7(13): 129-144.
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