What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia
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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- 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.
- Joshua Charap & Serhan Cevik, 2011. "The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey," IMF Working Papers 11/156, International Monetary Fund.