My reading of the evidence is that these securities purchases have proven effective in easing financial conditions, thereby promoting a stronger pace of economic recovery and checking undesirable disinflationary pressures.
A Seminar on Islamic Finance was organized here in 2009 and a collection of research papers on Islamic finance vs. conventional financial systems, focusing on supervision and the implications for central banking activity was published in 2010. Hosting this IFSB seminar is a fruitful occasion to further improve our knowledge and to share it with our financial community and academia.