Islamic Finance: A Bulwark against Crisis?

Authors

  • Dr. Hatem Derbel

  • Neila Dammak

  • Ali Chkir

Keywords:

Islamic Finance, Conventional Finance, financial crisis, VAR model

Abstract

The aim of this paper is to show that the Islamic finance is more stable than the conventional finance constituting thus a means to reduce the impact of financial crisis Using a VAR model for the financial indexes of France SBF250 United States DOW JONES United Kingdom FTSE100 Indonesia JAKISLM and Saudi Arabia TADAWUL covering the period 26 02 2007- 12 20 2010 we show that the effect of a shock on the American market during the period of crisis is negatively transmitted on all other markets but with a small extent on the market using the method of Islamic financing

Downloads

How to Cite

Islamic Finance: A Bulwark against Crisis?. (2012). Global Journal of Human-Social Science, 12(C11), 101-113. https://socialscienceresearch.org/index.php/GJHSS/article/view/474

 

References

Islamic Finance: A Bulwark against Crisis?

Published

2012-03-15

Issue

Vol. 12 No. C11 (2012): GJHSS-C Sociology: Volume 12 Issue C11

Section

Articles

License

Copyright (c) 2012 Authors and Global Journals Private Limited

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Islamic Finance: A Bulwark against Crisis?. (2012). Global Journal of Human-Social Science, 12(C11), 101-113. https://socialscienceresearch.org/index.php/GJHSS/article/view/474