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Publication Details
AFRICAN RESEARCH NEXUS
SHINING A SPOTLIGHT ON AFRICAN RESEARCH
Islamic and conventional banks' soundness during the 2007-2008 financial crisis
Review of Financial Economics, Volume 22, No. 2, Year 2013
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Description
The recent global financial crisis has induced a series of failure of many conventional banks and led to an increased interest in the Islamic banking business model. This paper attempts to answer empirically the following question: What was the effect of the 2007-. 2008 financial crisis on the soundness of Islamic banks and their conventional peers? Using the Z-score as an indicator of bank stability, our regression analysis (covering a matched sample of 34 Islamic Banks (IBs) and 34 conventional banks (CBs) from 16 countries) shows that there is no significant difference in terms of the effect of the financial crisis on the soundness of IBs and CBs. This finding reveals that IBs are diverging from their theoretical business model which would have allowed them to keep the same level of soundness even during the crisis. © 2013 Elsevier Inc.
Authors & Co-Authors
Bourkhis, Khawla
Tunisia, Sousse
Université de Sousse
Nabi, Mahmoud Sami
Saudi Arabia, Jeddah
Islamic Research and Training Institute
Tunisia, La Marsa
University of Carthage, Ecole Polytechnique de Tunisie
Egypt, Dokki
Economic Research Forum
Statistics
Citations: 371
Authors: 2
Affiliations: 4
Identifiers
Doi:
10.1016/j.rfe.2013.01.001
Study Approach
Quantitative