Home About Us Journal Contact Us Search F.A.Q

Authors Instruction

BASIC RESEARCH JOURNALS OF BUSINESS MANAGEMENT ANS ACCOUNTS ISSN 2315-6899 ISI IF 0.369
BRJBMA
About BRJBMA
Call for Research Articles
Submit Manuscript
Guide to Authors
Editorial Team
Archive

Basic Research Journal of Business Management and Accounts ISSN 2315-6899 Vol. 5(4), pp. 36-41 October 2016 Copyright 2015 Basic Research Journals

International Scientific Indexing ISI Impact Factor (0.396)

 

 

Review

 

Role of central bank in a dual banking system and the regulatory challenges

 

Sekoni Abiola Muttalib

 

Tamiwil Consulting and Management Ltd

 

Author's email: sekonitalib@yahoo.com

 

Received 04 October, 2016; Accepted 18 October, 2016; Published 27 October, 2016

 

Abstract

 

Traditionally, central bank as the apex bank of a country plays key role decision making and implementation of monetary policy in an economy. It formulates and ensures enforcement of government monetary policies as well as regulates, supervises and controls various activities of the commercial banks and monitors monetary development so as to ensure stability of the financial system. Also, it acts as Banker to the government and the commercial banks. But emergence of Islamic banking system in international financial arena poses great challenges to the role of central bank in both interest based traditional and interest-free Islamic financial systems, Hence, this paper intends to examine the functions of central bank by theoretically exploring and explaining how a central bank can adapt, adopt  and modify the existing available tools in an interest based financial system in dealing with its regulatory, control and stabilization functions in an interest free Islamic banking framework operating in a dual banking system .

 

Keywords: Central banks, financial, Islamic banking framework, interest-based financial system.

 

List of Journals

 

Basic Research Journal of Medicine and Clinical Sciences.

 

Basic Research Journal of Education Research and Review.

Basic Research Journal of Agricultural Science and Review.

Basic Research Journal of Social and Political Sciences

 

J. Bus. Manag. Acc.


Vol. 5 No 4


Optional view:


Abstract
Full Text
Reprint (PDF) (114 KB)

 

Search Pubmed for article by:


Sekoni AM
 

Other links:

Pubmed citations

Related articles in Pubmed

 Privacy Policy | Copyright © Basic Research Journals