A Research On The Islamic Finance Business Management Of Ningxia Bank

In recent years, Islamic finance business develops rapidly around the word, Its main features shown as non-interest, risk-sharing, physical assets, non-speculation, investment activities in line with the teachings, paying equal attention to profit and the moral, sacred contract, to set up Islamic law committee and so on. Islamic banking, is the product of modern finance and the Islamic culture, which different from traditional bank’s business model based on Islamic sharia law. In the case of the financial crisis intensified, especially in Islamic banking as the main body of the Islamic finance, showing a strong vitality. It developed by Islamic financial instruments use of Muslim scholars and bankers’ bold,which get the public’s recognition. In2009,since Bank of Ningxia Islamic financial business pilot, each business continuous operate stably, but in the process of operation management is also met with some difficulties and challenges, such as lacking of effective Islamic financial regulatory and legal framework, small scale,single product, backward technology, talent shortage and so on. These problems have economic policy environment reasons, also the cause of the inherent characteristics of Islamic financial business, as well as the actual situation of Ningxia and other various aspects reason, how to solve these problems is related to the development of Ningxia Islamic finance business.Under the background of Islamic finance in the current booming,Strengthening the economy and trade cooperation of Ningxia and Arabian nation and Muslim regions turns out to be the most key for Ningxia’s development.To develop Islamic Finance, We should expand the business scope on the basis of Ningxia Islamic financial pilot. To encourage the both sides to set up branches in each other and establish the characteristics of the bond market and stock market, at the same time to deepen the Islamic financial business regulatory system, In this way, Ningxia Islamic finance will comprehensive development of economy, provide funding support and guarantee for economic development in Ningxia, become the breach of the Ningxia economic revitalization.