What’s in it for me? : a primer on differences between Islamic and conventional finance in Malaysia

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

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Year of publication:	2012
Authors:	Krasicka, Olga ; Nowak, Sylwia
Publisher:	Washington, DC : Internat. Monetary Fund
Subject:	Islamisches Finanzsystem \| Islamic finance \| Börsenkurs \| Share price \| Malaysia

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Extent:	Online-Ressource (PDF-Datei: 21 S., 1,327 KB) graph. Darst.
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. 12/151 IMF Working Papers
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Includes bibliographical references Systemvoraussetzungen: Acrobat Reader Cover; Contents; I. Introduction; Figures; 1. Size of the Islamic Financial Services Industry; 2. Malaysia: Size of the Banking Sector; Boxes; 1. Malaysia: Developing the Islamic Finance Industry; 2. Malaysia: Islamic Finance Tax Incentives; II. Malaysia's Capital Markets and the Banking Sector: Stylized Facts; Tables; 1. Selected Asia: Bonds Outstanding in mid-2011; 3. Malaysia: Size of the Local Currency Bond Market; 4. Selected Asia: Foreign Holdings in Local Currency Government Bonds; 5. Malaysia: Size of the Islamic Bond Market; 6. Stock Market Performance 7. Malaysia: Banking Sector StructureIII. Islamic and Conventional Bonds and Stocks in Malaysia; 2. Malaysia: Size of the Banking Sector; 8. Malaysia: Monthly Bond Returns; 9. Malaysia: Monthly Equity Returns; 10. Malaysia: Contributions of Common Factors to Bond and Equity Returns; 11. Malaysia: Factor Loadings of the Common Economic Factor; 3. Malaysia: Empirical Analysis of Bond and Stock Returns; 4. Malaysia: Strength and Profitability of Islamic and Conventional Banks; IV. Are Islamic Banks Safer and More Profitable Than Convetional Banks; 12. Malaysia: Loan Classification 13. Malaysia: Capital, Reserves, and Total Deposits14. Malaysia: Deposit Classification by Holder; V. Policy Implications and Conclusions; References Electronic reproduction; Available via World Wide Web
ISBN:	978-1-4755-0422-4 ; 978-1-4755-6020-6 ; 978-1-4755-0422-4
Source:	ECONIS - Online Catalogue of the ZBW

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