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What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia

  • Olga Krasicka
  • Sylwia Nowak

What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by common factors. Likewise, especially in recent years, Islamic banks have responded to economic and financial shocks in the same way as conventional banks, suggesting that the gap between Islamic and conventional financial practices is shrinking.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 12/151.

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Length: 22
Date of creation: 01 Jun 2012
Date of revision:
Handle: RePEc:imf:imfwpa:12/151
Contact details of provider: Postal: International Monetary Fund, Washington, DC USA
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  1. Serhan Cevik & Joshua Charap, 2015. "The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 5(1), pages 111-124.
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