Capital adequacy in Islamic financial institutions : liquidity risk

السؤال

Assalammu Alaikum, I hope you are well and in good health wherever you are. I am Hayati from Malaysia and I attended one of your courses back in April 09 in Kuala Lumpur, Malaysia. We are in the midst of reviewing our liquidity risk management guidelines and are assessing the treatment for Islamic investment accounts (deposits). As such, I would truly appreciate it if I could obtain your view on this matter. As you may well be aware, in Malaysia we have imposed for banks to calculate their mismatch of liability vs assets according to time buckets and impose a liquidity compliance limit for the first 2-time buckets. as such, my queries are as follows : I) Could a specific investment account (restricted Mudarabah deposit) made by a depositor / investor be excluded in its entirety from a quantitative compliance limit ? This is based on the rationale that the Islamic bank as a Mudarib could have transferred its liquidity risk to the depositor. This is because in the case of early withdrawal of deposit / investment, a fund provider should allow a Mudarib to sell off the underlying investment and fund provider should accept whatever profit or loss arising from the disposal. ii) To your knowledge, are there any regulators that exempt certain products (e. g. those products that allows banks to transfer liquidity risk elsewhere) from liquidity risk requirements ? iii) While some products may appear to have transferred liquidity risk to investors / depositors by way of a clear legal documentation, there is still the issue of moral obligation for banks to Honour early withdrawals without passing on any losses from disposal of underlying assets (and hence take on liquidity risk) in order to maintain good rapport with depositors, etc. What are the appropriate mitigating factors to ensure that such risk of moral obligations are minimized ? I hope to hear from you soon. Thank you. Kind regards, Nurhayati Mohd Khalid

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2009-07-23

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• السيولة(اقتصاد)

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-730856

• APA
• MLA
• AMA