In this paper, we evaluate stock performance of Islamic banks relative to their conventional counterparts during the initial phase of the COVID-19 crisis (from December 31, 2019 to March 31, 2020). Using a total of 426 banks from 48 countries, we find that stock returns of Islamic banks were...

Using a sample of 421 banks from 17 countries, we find that lending growth of Islamic banks and conventional banks decreased during the initial phase of the COVID-19 crisis. However, the decrease is significant for conventional banks only. In fact, credit growth for Islamic banks grew around...

Using a sample of 421 banks from 17 countries, we find that lending growth of Islamic banks and conventional banks decreased during the initial phase of the COVID-19 crisis. However, the decrease is significant for conventional banks only. In fact, credit growth for Islamic banks grew around...