Monetary policy instruments in the Islamic economic framework Comparative study: Islamic Republic of Iran and Syrian Arab Republic


Abstract in English

In this paper is providing a proof for existing gap between theory and practice in the monetary policy of Islamic economic system based on studying a case of Islamic Republic of Iran. The Iranian monetary policy makers using widely participation paper as a dualinstrument for monetary control and finance the investing & infrastructure projects. In addition, the central bank of Iran using profit rate effectively due to its monetary policy.

References used

Ali. Naasan. 2014, Build a model to measure the capital adequacy ratio of Islamic banks, An Empirical Study on the Syrian Islamic banks, HIBA, Syria
Ausaf A. 2000, Instruments of Regulation and Control of Islamic Banks by the Islamic Central Banks, Islamic Development Bank
Central Bank of the Islamic Republic of Iran, Monetary Policy Instruments in Iran

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