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Developing Islamic Liquidity Management Instruments: Resolving the Impasse between Central Bank of Nigeria (CBN) and Jaiz Bank Plc
International Journal of Islamic Economics and Finance Studies
View Archive Info| Field | Value | |
| Title |
Developing Islamic Liquidity Management Instruments: Resolving the Impasse between Central Bank of Nigeria (CBN) and Jaiz Bank Plc
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| Creator |
Aliyu, Shehu U.R.
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| Description |
Despite tremendous growth of Islamic finance globally, the phenomenon is relatively new in Nigeria. The first full-fledged Islamic bank, Jaiz Bank Plc, was licensed as a regional bank by the Central Bank of Nigeria (CBN) in 2011 and it started its operations in January, 2012. Over 3 years now, the apex regulatory body is yet to develop robust shari’ah complainant instruments for liquidity management of Islamic banks in Nigeria. This paper assesses the predicaments of Jaiz bank Plc over the last 3 years of its operations in the face of this challenge on the basis of secondary data from the financial statements of the Bank. Evidences on the basis of CAMEL analysis show that while the Bank performs quite well in respect to capital adequacy, assets and management quality, the Bank, however, suffers most, on average, with respect to earning quality and liquidity. The paper recommends that the CBN should, while the shari’ah compliant instruments are being awaited, introduce a measure of deposit-free and loan-free for Jaiz Bank plc and consider lowering the statutory liquidity ratio, all with a view of easing financial constraints of the Bank.
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| Publisher |
www.pesar.org
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| Contributor |
—
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| Date |
2017-03-09
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://ijisef.org/index.php/IJISEF/article/view/194
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| Source |
International Journal of Islamic Economics and Finance Studies; Vol 3, No 1 (2017): March/Mart 2017
Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi; Vol 3, No 1 (2017): March/Mart 2017 2149-8407 2149-8393 |
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| Language |
eng
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| Relation |
http://ijisef.org/index.php/IJISEF/article/view/194/156
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| Rights |
Copyright (c) 2017 International Journal of Islamic Economics and Finance Studies
http://creativecommons.org/licenses/by-nc-sa/4.0 |
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