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The Effect of the Subprime Crisis on the Financing of Entrepreneurial Activities by Islamic Banks

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Author Info

  • Aida Kammoun Abdelmoula

    ()
    (Higher Institute of Business Administration, University of Sfax, Tunisia)

  • Asma Abidi

    ()
    (Higher Institute of Management, University of Tunis, Tunisia)

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    Abstract

    The subprime financial crisis and the subsequent economic recession had encouraged economists world-wide to consider alternative financial solutions. Attention has been focused on Islamic banking and finance as an alternative model. The purpose of this research paper is to assess empirically the effect of the subprime crisis on the financing of entrepreneurial activities by Islamic banks using a sample of 10 Islamic banks during the period from 2004 to 2009. The empirical results show that Islamic banks have found in the crisis an opportunity to justify their practices to gain market share and to introduce themselves to the aid of entrepreneurial activities.

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    File URL: http://www.bapress.ca/ref/v3-4/1923-7529-2013-04-77-14.pdf
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    Bibliographic Info

    Article provided by Better Advances Press, Canada in its journal Review of Economics & Finance.

    Volume (Year): 3 (2013)
    Issue (Month): (November)
    Pages: 77-90

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    Handle: RePEc:bap:journl:130405

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    Related research

    Keywords: Islamic banks; Subprime crisis; Entrepreneurial financing;

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    1. Martin Cihák & Heiko Hesse, 2008. "Islamic Banks and Financial Stability: An Empirical Analysis," IMF Working Papers 08/16, International Monetary Fund.
    2. Asyraf Wajdi Dusuki, 2008. "Banking for the poor: the role of Islamic banking in microfinance initiatives," Humanomics: The International Journal of Systems and Ethics, Emerald Group Publishing, vol. 24(1), pages 49-66, February.
    3. Jemma Dridi & Maher Hasan, 2010. "The Effects of the Global Crisis on Islamic and Conventional Banks: A Comparative Study," IMF Working Papers 10/201, International Monetary Fund.
    4. Chong, Beng Soon & Liu, Ming-Hua, 2009. "Islamic banking: Interest-free or interest-based?," Pacific-Basin Finance Journal, Elsevier, vol. 17(1), pages 125-144, January.
    5. Lynn Bennett & Carlos E. Cuevas, 1996. "Sustainable banking with the poor," Journal of International Development, John Wiley & Sons, Ltd., vol. 8(2), pages 145-152.
    6. El-Hawary, Dahlia & Grais, Wafik & Iqbal, Zamir, 2007. "Diversity in the regulation of Islamic Financial Institutions," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(5), pages 778-800, February.
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