Main refinancing operations and Riba: Difference between pages

Latest revision as of 21:20, 7 February 2021

Islamic finance.

Interest.

The prohibition of interest is one of the most significant principles of Islamic finance.

Riba is the Arabic word for increase, or excess.

(Not to be confused with RiBa.)

@@ Line 1: / Line 1: @@
-''Monetary policy - Eurosystem - open market operations''.
+<i>Islamic finance</i>.
-(MRO).
+Interest.
-The Eurosystem’s open market operations include one-week liquidity-providing operations in euro (main refinancing operations) as well as longer-term refinancing operations.
+The prohibition of interest is one of the most significant principles of Islamic finance.
-MROs serve to steer short-term interest rates, to manage the liquidity situation and to signal the monetary policy stance in the euro area.
+''Riba'' is the Arabic word for increase, or excess.
-==See also==
+<i>(Not to be confused with RiBa.)</i>
-* [[Central bank]]
-* [[Euro]]
-* [[Euro area]]
-* [[European Central Bank]]
-* [[Eurosystem]]
-* [[Longer-term refinancing operations]]
-* [[Monetary policy]]
-* [[Open market operations]]
-[[Category:Accounting,_tax_and_regulation]]
-[[Category:The_business_context]]
+== See also ==
-[[Category:Identify_and_assess_risks]]
+* [[Interest]]
-[[Category:Manage_risks]]
+* [[Islamic finance]]
-[[Category:Risk_frameworks]]
+* [[RiBa]]
+[[Category:Compliance_and_audit]]
+[[Category:Ethics]]
 [[Category:Cash_management]]
 [[Category:Financial_products_and_markets]]
 [[Category:Liquidity_management]]