The weight of Islamic banks in economic growth: empirical analysis through panel data on MENA and Malaysia region
by Amine Nafla; Abdelkader Derbali
International Journal of Decision Sciences, Risk and Management (IJDSRM), Vol. 8, No. 4, 2019

Abstract: To determine the relationship between Islamic finance, financial stability and economic growth, we use a sample composed of 28 investment banks in the MENA region and Malaysia, divided into two groups Islamic and conventional, for 13 years from 2003 to 2015 and divided into three sub-periods before, during and after the subprime crisis. We use the parametric approach through the panel data. The results show that before the financial crisis, only Islamic investment banks had a financial system in good condition. The situation of the other group of banks is neither good nor poor. There is a significant change that affects the whole sample, but in a different way in the crisis period. Indeed, Islamic investment banks illustrate a stable financial system that has overcome the crisis and contributed effectively to economic growth. This paper determines of the resistance of two groups of banks during the three periods.

Online publication date: Mon, 27-Apr-2020

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