Islamsko centralno bankarstvo u teoriji i praksi
Islamic central banking in theory and practice
Abstract: Thanks to their role as creators and implementers of monetary policy, central banks in most modern countries have the status of key financial institutions and pivots of financial system stability. During the centuries of evolution of central banking, numerous models and instruments of monetary policy were developed, the application of which depended largely on the political environment and the dominant economic model in specific countries. Unlike conventional central banking, Islamic central banking has been in global economic practice for only a few decades. An authentic and Shariah-compliant model of Islamic central banking is still in its infancy. Therefore, the practice of Islamic central banking is largely based on the application of instruments of conventional central banking, which, according to Shariah compliance, are used in their original or modified form or are excluded from use. In this paper, we will present the development path of Islamic central banking, the goals and obligations of Islamic central banks, a set of Shariah-compliant monetary policy instruments, the practice of Islamic central banking in certain countries, and limitations for the efficient functioning of Islamic central banks in practice.
Sažetak: Zahvaljujući ulozi kreatora i implementatora monetarne politike, centralne banke u većini savremenih država imaju status ključnih finansijskih institucija i stožera stabilnosti finansijskog sistema. Tokom vekova evolucije centralnog bankarstva razvijani su brojni modeli i instrumenti monetarne politike, čija primena je umnogome zavisila od političkog okruženja i dominantnog ekonomskog modela u konkretnim državama. Za razliku od konvencionalnog centralnog bankarstva, islamsko centralno bankarstvo je u globalnoj ekonomskoj praksi prisutno svega nekoliko decenija. Autentičan i šerijatski usklađen model islamskog centralnog bankarstva je još uvek u povoju. Stoga, praksa islamskog centralnog bankarstva dobrim delom je bazirana na primeni instrumenata konvencionalnog centralnog bankarstva, koji se, shodno šerijatskoj usklađenosti, koriste u izvornoj ili modifikovanoj formi, ili su isključeni iz upotrebe. U ovom radu, predstavićemo razvojni put islamskog centralnog bankarstva, ciljeve i obaveze islamskih centralnih banaka, set šerijatski usklađenih instrumenata monetarne politike, praksu islamskog centralnog bankarstva u pojedinim zemljama i ograničenja za efikasno funkcionisanje islamskih centralnih banaka u praksi.
srpski
2022
Ovo delo je licencirano pod uslovima licence
Creative Commons CC BY-SA 4.0 - Creative Commons Autorstvo - Deliti pod istim uslovima 4.0 International License.
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Ključne reči : islamsko bankarstvo, centralna banka, monetarna politika, instrumenti monetarne politike, finansijski instrumenti
Keywords: Islamic banking, central bank, monetary policy, monetary policy instruments, financial instruments