01876cas a2200277 a 4500 AALejournalIMF014860 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498361590 1018-5941 BD-DhAAL BD-DhAAL Mejia, Aledjandro Lopez. Regulation and Supervision of Islamic Banks / Aledjandro Lopez Mejia, Suliman Aljabrin, Rachid Awad, Mohamed Norat. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper aims at developing a better understanding of Islamic banking (IB) and providing policy recommendations to enhance the supervision of Islamic banks (IBs). It points out and discusses similarities and differences of IBs with conventional banks (CBs) and reviews whether the IBs are more stable than CBs. Given the risks faced by IBs, the paper concludes that they need a legal, corporate and regulatory framework as much as CB does. The paper also argues that it is important to ensure operational independence of the supervisory agency, which has to be supported by adequate resources, a sound legal framework, a well designed governance structure, and robust accountability practices. Mode of access: Internet Aljabrin, Suliman. Awad, Rachid. Norat, Mohamed. IMF Working Papers; Working Paper ; No. 2014/219 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/219/001.2014.issue-219-en.xml IMF e-Library