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Differences between Islamic and conventional finance in Malaysia

In: Handbook of Empirical Research on Islam and Economic Life

Author

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  • Olga Krasicka
  • Sylwia Nowak

Abstract

What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by common factors. Likewise, especially in crisis years, Islamic banks have responded to economic and financial shocks in the same way as conventional banks, suggesting that the gap between Islamic and conventional financial practices is shrinking.

Suggested Citation

  • Olga Krasicka & Sylwia Nowak, 2017. "Differences between Islamic and conventional finance in Malaysia," Chapters, in: M. Kabir Hassan (ed.), Handbook of Empirical Research on Islam and Economic Life, chapter 14, pages 343-354, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16049_14
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    Keywords

    Asian Studies; Economics and Finance;

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