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Islamic finance, consumer protection, and financial stability /
Consumer protection and financial literacy are essential pillars of a well functioning and stable financial system. As the global financial crisis demonstrated, inadequate attention to consumer protection and financial literacy can lead to financial instability. Though Shari'ah principles provi...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2015.
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| Colección: | IMF working paper ;
WP/15/107. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Consumer protection and financial literacy are essential pillars of a well functioning and stable financial system. As the global financial crisis demonstrated, inadequate attention to consumer protection and financial literacy can lead to financial instability. Though Shari'ah principles provide a strong foundation for consumer protection, the principles alone cannot provide adequate protection because not all providers are guided by ethical precepts and the practices have deviated from the principles. To safeguard the stability of the Islamic finance industry, consumer protection frameworks that cater to the specifics of Islamic financial products should be an integral part of regulatory frameworks.--Abstract. |
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| Notas: | "May 2015." "Middle East and Central Asia." |
| Descripción Física: | 1 online resource (39 pages) : illustrations (chiefly color), color map |
| Bibliografía: | Includes bibliographical references (pages 30-32). |
| ISBN: | 9781513553412 1513553410 1513515101 9781513515106 |
| ISSN: | 1018-5941 ; |