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What enables Islamic banks to contribute in global financial reintermediation?

Author

Listed:
  • Naqvi, Bushra
  • Rizvi, S.K.A.
  • Uqaili, Hina Ahmed
  • Chaudhry, S.M.

Abstract

Conventional banks which once were competing with non-banking financial institutions and capital markets today face the new challenge of being reintermediated by Islamic banks. Earlier academic research has been debating over disintermediation and reintermediation of conventional banks, but consistently failed to address reintermediation through Islamic banks as a possibility. This study, however, fills the void by addressing the novel possibility of reintermediation “within” the banking sector and is the first attempt to analyze and compare Islamic and conventional banks from the perspective of reintermediated financial markets.

Suggested Citation

  • Naqvi, Bushra & Rizvi, S.K.A. & Uqaili, Hina Ahmed & Chaudhry, S.M., 2018. "What enables Islamic banks to contribute in global financial reintermediation?," Pacific-Basin Finance Journal, Elsevier, vol. 52(C), pages 5-25.
    • Handle: RePEc:eee:pacfin:v:52:y:2018:i:c:p:5-25
    DOI: 10.1016/j.pacfin.2017.12.001
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    References listed on IDEAS

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    Cited by:

    1. Khan, Abdullah & Rizvi, Syed Aun R. & Ali, Mohsin & Haroon, Omair, 2021. "A survey of Islamic finance research – Influences and influencers," Pacific-Basin Finance Journal, Elsevier, vol. 69(C).
    2. Mirza, Nawazish & Rahat, Birjees & Naqvi, Bushra & Rizvi, Syed Kumail Abbas, 2023. "Impact of Covid-19 on corporate solvency and possible policy responses in the EU," The Quarterly Review of Economics and Finance, Elsevier, vol. 87(C), pages 181-190.

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    More about this item

    Keywords

    Islamic banks; Intermediation; Reintermediation; Camels; Service quality;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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