Islamic central banking in theory and practice

Thanks to their role as creators and implementers of monetary policy, central banks in most modern countries have the status key financial institutions pivots system stability. During centuries evolution banking, numerous models instruments policy were developed, application which depended largely on political environment dominant economic model specific countries. Unlike conventional Islamic banking has been global practice for only a few decades. An authentic Shariah-compliant is still its infancy. Therefore, based which, according Shariah compliance, are used original or modified form excluded from use. In this paper, we will present development path goals obligations banks, set instruments, certain countries, limitations efficient functioning practice.