Lecture 01 islamic financial institutions and markets (ge30003)
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Transcript of Lecture 01 islamic financial institutions and markets (ge30003)
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The Functions of Financial Institutions and Markets(Topic 01)
Main ReferenceInternational Centre for Education in Islamic Finance. (2006).Islamic Financial Institutions and Markets..Kuala Lumpur: INCEIF
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Synopsis
Introduction History Creating and Transferring Money Accumulating and lending savings Marketing and Transferring Financial assets Financial Planning Summary
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Introduction
Financial market Financial Institutions Surplus and Deficit Units
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History and development
The basic Stage
-----Barter Trading -----Commodity Money
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History and development
The Second Stage
-----Primary Debt Limitations: i. Maturity Problem ii. Default risk iii. Liquidity problem
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History and development
The Third Stage
-----Conventional
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History and development
The Current Stage --Savings and Credit markets ---Money and Capital Market
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Crating and Transferring money:
Money:
---Medium of Exchange
---Unit of Account
----Store of value
Money Creation:
---Deposit Expansion Multiplier
--- Effect on Economy
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Transferring money:
Cash Cheque Electronic means of Payments
---Direct Funds Transfer
---Payments cards
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Accumulating and lending Savings:
Household Sector Corporate sector Government sector Foreign Sector
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Marketing and Transferring financial Assets
Limitations of Tangible assets Benefits of Financial assets
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Financial Planning
Convenience Protection against fraud Quality of Investment Selection Low transaction cost
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End
Q&A