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Fonds souverains et finance islamique

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  • Renaud Bouchard

Abstract

[eng] Sovereign Wealth Funds and Islamic Finance . Sovereign wealth funds (SWFs) and Islamic finance have become an increasingly popular subject in recent years. SWFs are state-run investment funds that most governments use ta carry our purchases of foreign assets. A fundamental shift in global finance and investment power from West to East, in particular to the Middle East and other Asian countries, has thrown the SWFs and their links with Islamic finance into full glare of the world spotlight amid surge of GCC SWFs, successfully bridging the gap left by investment banks as the global crisis deepened from concerns over liquidity to solvency and to outright bank failure. We offer two tracks : Islamic finance as a new paradigm on the one hand, and as a transitional system of economic action, on the second hand. . JEL Classification : F30, G29 [fre] Les fonds souverains sont devenus avec la finance islamique des sujets d'une popularité croissante ces dernières années. Les fonds souverains sont des fonds d'investissement gérés par les États et utilisés, dans la plupart des cas, pour acquérir des actifs à l'étranger. Un changement fondamental dans la finance mondiale et un basculement du pouvoir d'investissement des pays occidentaux vers les pays du Moyen-Orient et d'Asie de l'Est ont mis en lumière les liens entre fonds souverains et finance islamique avec la montée en puissance des fonds émanant des pays du Golfe, qui ont comblé avec succès les insuffisances des banques d'investissement au moment où l'on passe d'une crise de liquidités à une crise de solvabilité, voire de faillites bancaires. Cet article analyse la finance islamique en tant que nouveau paradigme, d'une part, et en tant que système transitionnel de l'action économique, d'autre part. . Classification JEL : F30, G29

Suggested Citation

  • Renaud Bouchard, 2009. "Fonds souverains et finance islamique," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 251-257.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_hos_9_1_5436
    DOI: 10.3406/ecofi.2009.5436
    Note: DOI:10.3406/ecofi.2009.5436
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    1. Shamim Ahmad Siddiqui, 2008. "An Evaluation of Research on Monetary Policy and Stability of the Islamic Economic system تقييم الأبحاث المتعلقة بالسياسة والاستقرار المالي لنظام الاقتصاد الإسلامي," Papers and books based on the proceedings of the Conferences organized by the Islamic Economics Institute, KAAU. 51, King Abdulaziz University, Islamic Economics Institute..
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    5. Kuran, Timur, 2005. "The logic of financial westernization in the Middle East," Journal of Economic Behavior & Organization, Elsevier, vol. 56(4), pages 593-615, April.
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    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • F30 - International Economics - - International Finance - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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