Research Output | Dar Al-hikmah Library | IIUM Only
Islamic banks are required to be able to access and hold sufficientlevels of High Quality Liquid Assets (HQLA) as part of Basel IIIrequirements. Such HQLA are specifically meant to allow theIslamic banks to raise funds in money markets in the event ofliquidity shortage or in some cases for the funding of new profitableinvestments. Against this back