While operating side-by-side with conventional banks, the systemic risk profile of Islamic banks could be different due to their unique business model. Using a sample of ten countries with dual-banking systems, where the Islamic banking sector is considered systemically important, this paper...

S&P Dow Jones report that their Islamic equity indices continue to outperform their conventional counterparts in the Q1 of 2020; this period coincides with the beginning of the global outbreak of COVID-19. This claim is in line with the view that, due to the stringent screening, Islamic equity...