This paper examines the recent empirical literature in Islamic banking and finance, highlights the main findings and provides a guide for future research. Early studies focus on the efficiency, production technology and general performance features of Islamic versus conventional banks, whereas...

This paper investigates the impact of non-interest income businesses on bank lending. Using quarterly data on 8,287 U.S. commercial banks over 2003-2010, we find that the non-interest income activities of banks with total assets above $100 million ('non-micro' banks) influence credit risk. In...

This paper investigates risk and stability features of Islamic banking using a sample of 553 banks from 24 countries between 1999 and 2009. Small Islamic banks that are leveraged or based in countries with predominantly Muslim populations have lower credit risk than conventional banks. In terms...

This paper investigates the relative importance of Islamic banks, alongside their conventional counterparts, impacting the banking and financial development and economic welfare. Using a sample of 22 Muslim countries, with dual-banking systems, during the 1999-2011, this paper reports some...

This paper investigates the relationship between the coexistence of Islamic banks alongside their conventional counterparts and the quantitative and qualitative development of commercial banking and economic welfare. We study 22 Muslim countries with a dual banking system during the 1999-2009...

This paper studies the pricing of assets and core deposits of insolvent banks that are sold under the purchase and assumption resolution method of the Federal Deposit Insurance Corporation (FDIC). We analyze 620 acquisitions of solvent and insolvent U.S. banks between 2007:Q1 and 2016:Q3 and...

We study the relationship between opacity and external funding decisions when different types of sukuk and conventional financial instruments are available. For this purpose, we construct an opacity index for 107 Malaysian firms issuing sukuk and conventional financial instruments during...

Using a sample of 2,210 observations for 170 banks operating in 12 countries with dual banking systems over 2006-2017 period, we find that Islamic banks have lower stock return non-synchronicity, lower illiquidity ratio, and their current returns have lower future earnings prediction ability...

This paper contributes to the Islamic studies literature, by exploring why many Islamic scholars believe that Islam bans conventional lending and mandates Islamic finance, and how the scriptural injunction against ribā is redefined when we consider the features of modern economic systems. The...