Mirzaei, Ali; Saad, Mohsen; Emrouznejad, Ali - 2021
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...