Purpose: This paper aims to examine whether competition from Islamic banks add to the financial stability and profitability of financial sector and to assess the sources of such (in)stability. Design/methodology/approach: Using Herfindahl–Hirschman Index as a measure of competition and...

The objective of this study is to explore the impact of Silicon Valley Bank (SVB) failure on the major global asset classes. Apart from US T-Bills and the Gold, we do not find any significant response of other asset classes on the event day. More importantly, Gold seems to have acted as a safe...