Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research - Université de Limoges Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2014

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

Shahid Ebrahim
  • Fonction : Auteur
  • PersonId : 960683
Philip Molyneux
  • Fonction : Auteur
  • PersonId : 926825

Résumé

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.
Fichier principal
Vignette du fichier
FINAL_JES_Islamic_Banking_and_Finance_7_Oct_2014_1_.pdf (177.7 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

hal-01073185 , version 1 (09-10-2014)

Identifiants

  • HAL Id : hal-01073185 , version 1

Citer

Pejman Abedifar, Shahid Ebrahim, Philip Molyneux, Amine Tarazi. Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research. 2014. ⟨hal-01073185⟩
785 Consultations
12215 Téléchargements

Partager

Gmail Facebook X LinkedIn More