Before the financial crisis of 2007-2009, the search for new revenue and profit streams by US banks contributed to a long-term trend towards disintermediation. Trading in derivatives might offer an alternative to traditional deposit-taking and lending business as a source of revenue and profit;...

Saudi Arabia constitutes more than 20% of the global Islamic capital market. More than 80% of the mutual funds listed on Saudi Arabian stock market are Shari'ah compliant funds. This article reviews and extends previous research on the performance of Islamic mutual funds (IMFs) by evaluating the...

Credit derivatives enable banks to transfer selected credit risks to third parties. An empirical model is developed for the motivation for bank participation in credit derivative markets and, conditional on participation, the factors that determine the volume of business transacted....