Does competition make banks riskier in dual banking system?

Abstract This paper investigates competition and risk-taking behaviour of Islamic banks taking a sample of 59 Islamic banks and 149 conventional banks from 10 highly developed Islamic banking countries between 2006 and 2016. The level ...

Does heterogeneity in investment horizons affect portfolio diversification? Some insights ...

Abstract Recent literature draws attention to the issue of whether heterogeneity in investment horizons has an effect on resulting investor exposures. In this article, using Malaysia as a case study, we make the first attempt ...

A statistical model of the firm

Abstract A model of the firm is proposed that considers the firm to be a stochastic and random entity described by an action functional and the Feynman path integral. The action functional is postulated based ...

Pioneering Islamic tourism in Maldives: toward creation of first Shariah ...

Abstract Maldives is a tourism driven economy, which contributes more than one fourth of the country’s Gross Domestic Product (GDP). While tourism sector supplies over 70% of the foreign exchange earnings to the country, one ...

The endowment fund as a source of sustainability for higher ...

Abstract Higher education plays an important role in the human capital development of a country. Investment in higher education generally rises every year, and sustaining the financing of public institutions involved in higher education is ...

Why is no financial crisis a dress rehearsal for the ...

Abstract Our study attempts to discover pure contagion or interdependence amongst the Asian equity markets (China, India, Taiwan and South Korea) due to the shocks stemming from eleven major crises around the world. We apply ...

Business cycle and bank lending procyclicality in a dual banking ...

Abstract The paper studies bank lending behaviour over the business cycle in a dual banking system, Malaysia, with the objective of ascertaining whether Islamic banks have a role in stabilizing credit. The study makes use ...

Islamic banks — too big to fail or too small ...

Size matters in banking in more ways than one. As an industry with extensive economies of scale and huge overheads, volume is key. To be cost competitive, the high fixed costs need to be spread ...

Empirical evidence of risk shifting in bonds and debt-based sukuk: ...

Abstract The purpose of this paper is to examine the extent of risk shifting behavior in bonds and sukuk. The examination is significant, as economists and scholars identify risk shifting as the primary cause of ...