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Business and Economics > Investments: Stocks

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Banks and banking; Islamic countries x
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Cover IMF Working Papers
What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia
Ms. Olga Krasicka
and
Sylwia Nowak
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 recent 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.
Keywords:
WP; bank; market share; return on equity; Islamic banks; conventional banks; Sukuk; Malaysia; bank Islam Malaysia Berhard; bond return equation; equity index; securities commission Malaysia; insurance corporation; Islamic banking; Islamic finance; Bonds; Stocks; Global; East Asia
Cover IMF Working Papers
Stabilization and Growth in an Open Islamic Economy
International Monetary Fund
Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, this paper investigates some open-economy implications of the adoption of Islamic banking for growth and stabilization of the economy. It analyzes the long-run effects of Islamic banking on international capital flows and on the economy’s capacity to adjust to disturbances. It concludes that monetary policy can be used effectively for stabilization purposes and that disturbances to asset positions are absorbed efficiently in an Islamic financial system.
Keywords:
WP; private sector; financial system; physical capital; current account