Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research

Abstract : This paper examines the recent empirical literature in Islamic banking and finance, highlights the main findings and provides a guide for future research. Early studies focus on the efficiency, production technology and general performance features of Islamic versus conventional banks, whereas more recent work looks at profit and loss-sharing (PLS) behaviour, competition, risks as well as other dimensions such as small business lending and financial inclusion. Apart from key exceptions, the empirical literature suggests no major differences between Islamic and conventional banks in terms of their efficiency, competition and risk features (although small Islamic banks are found to be less risky than their conventional counterparts). There is some evidence that Islamic finance aids inclusion and financial sector development. Results from the empirical finance literature, dominated by studies that focus on the risk/return features of mutual funds, finds that Islamic funds perform as well, if not better, than conventional funds - there is little evidence that they perform worse than standard industry benchmarks. Some recent evidence, however, suggests that Islamic bond (Sukuk) issuance destroys value for shareholders.
Type de document :
Pré-publication, Document de travail
Liste complète des métadonnées

Littérature citée [47 références]  Voir  Masquer  Télécharger

https://hal-unilim.archives-ouvertes.fr/hal-01073185
Contributeur : Thierno Barry <>
Soumis le : jeudi 9 octobre 2014 - 10:44:27
Dernière modification le : jeudi 29 novembre 2018 - 15:42:13
Document(s) archivé(s) le : samedi 10 janvier 2015 - 10:21:15

Fichier

FINAL_JES_Islamic_Banking_and_...
Fichiers produits par l'(les) auteur(s)

Identifiants

  • HAL Id : hal-01073185, version 1

Collections

Citation

Pejman Abedifar, Shahid Ebrahim, Philip Molyneux, Amine Tarazi. Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research. 2014. ⟨hal-01073185⟩

Partager

Métriques

Consultations de la notice

993

Téléchargements de fichiers

12567