The tenure in money market transactions is from overnight to 12 months, although the most common tenure is three months or less. Hence, the money market is often characterised as the market for short-end debts. In many countries, transactions in the primary and secondary money markets take place over-the-counter (OTC) via electronic telecommunication but some are done in an exchange market. Capital market caters for long-term financial transactions with maturities longer than 12 months. The financial instruments in the capital market vary more than the money market and they include sukuk, bonds, and equities. Transactions in capital market instruments are either exchange traded or OTC. For further details see: ISLAMIC FINANCIAL SYSTEM: Principles and Operations.

What are the Rulings for a Short Term Liquidity Management Fund?
Issuance of Bank Negara Negotiable Notes Based on Ijarah Concept
Islamic Negotiable Instrument of Deposit Based on Mudarabah
Intra-Day Transaction as an Islamic Money Market Instrument
Liquidity Management Instrument Based on Qard
Sukuk Ijarah and Shariah Compliant Shares as Underlying Asset in Tawarruq Transaction
Application of Tawarruq in Sukuk Commodity Murabahah
Proposed Operational Model of Commodity Murabahah House (Now Known as Suq al-Sila`)
Repurchase of Negotiable Islamic Debt Certificate
Application of Bai` `Inah in Issuance of Negotiable Islamic Debt Certificate
Application of Bai` `Inah in Islamic Interbank Money Market
Hibah in Interbank Mudarabah Investment Contract
Islamic Profit Rate Swap Based on Bai` `Inah

Islamic Financial System ©



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