Metrics

  • citations in SCIndeks: 0
  • citations in CrossRef:0
  • citations in Google Scholar:[]
  • visits in previous 30 days:10
  • full-text downloads in 30 days:9

Contents

article: 2 from 2  
Back back to result list
2017, vol. 19, iss. 1, pp. 35-51
The sources of resilience of Islamic banks to the global financial crisis
aOutsource Insurance Professionals, Beograd
bVisoka škola Dositej, Beograd

emailnatasa1171@gmail.com
Project:
Advancing public policy in Serbia as a function of improving citizen's social safety and attaining sustainable economic growth (MESTD - 47004)

Abstract
The aim of the research is to point to a far greater resilience of Islamic banks to negative effects of the global financial crisis comparing to the conventional banks, as well as to discover the mechanisms that prevent or reduce the negative effects of the crisis. The comparative effects of the global financial crisis on conventional and Islamic banks are given in the first chapter. All causes of financial crisis, listed in the key current research of prominent experts in this field, were analyzed in the second chapter, including indebtedness, speculative activity, interest and fictive money, financial panic. Islamic 'alternatives' for each of them were marked as a source of resilience of Islamic banks in the third chapter. These are: prohibition of speculative activities and excessive risks, prohibition of interest and few of Islamic financing models. Key words: conventional banking, Islamic banking, financial crisis, fictive money.
References
Alrifai, T. (2015) Islamic Finance and the New Financial System. Singapore: Wiley
Ashraf, H., Giashi, A. (2011) Islamic banking in Iran: Progress and challenges. Kuwait Chapter of Arabian Journal of Business and Management Review, Vol. 1, No. 2, www.omicsonline.com/open-access/islamic-banking-in-iran-progress-and-challenges-2224-8358-1-116.pdf, 19.02.2017
Bakšic, E. (2012) Islamsko bankarstvo. http://www.zeriislam.com/artikulli.php?id=2452, 19. 02. 2017
Dragosavac, M. (2013) Credit risk management system in commercial banking. Ekonomski pogledi, br. 4, str. 41-58
Hadžić, F. (2005) Islamsko bankarstvo i ekonomski razvoj. Sarajevo: Ekonomski fakultet
International Monetary Fund (2013) The IMF and Islamic finance. http://www.imf.org/external/themes/islamicfinance/
Islamic Financial Services Board, Islamic Development Bank, Islamic Research and Training Institute (2010) Islamic finance and global stability. http://www.ifsb.org/docs/IFSB-IRTI-IDB2010.pdf, 06.09.2016
Juhas, G. (2011) Sekjuritizacija kredita i uzroci hipotekarne krize # The securitization of credits and causes of the mortgage crisis. Ekonomski pogledi, br. 1, str. 101-125
Katić, N. (2013) Svetska ekonomska kriza - stvarnost, mitovi i poruke. https//nkatic.files.wordpress.com/2013/03/svetska_ekonomska_kriza_katic.pdf, 06. 09. 2016
Keen, S. (2012) The debtwatch manifesto. www.debtdeflation.com/blogs/manifesto, 06. 12. 2016
Keen, S. (2004) Debunking economics: The naked emperor of the social sciences. London-New York: Zed Books
Kindleberger, C.P., Robert, A.Z. (2005) Manias, Panics and Crashes: A History of Financial Crises. New York: John Wiley & Sons, 5th ed
Krugman, P. (2009) The return of depression economics and the crisis of 2008. W.W. Norton Company Limited
Maravić, D., Milenković, N. (2012) Interest-free banking and economic development. Megatrend revija, vol. 9, br. 1, str. 301-317
Milhem, M.M., Istaiteyeh, R.M.S. (2015) Financial performance of Islamic and conventional banks: Evidence from Jordan. Global Journal of Business Research, 9(3); 27-41
Minsky, H. (1992) The financial instability hypothesis. Jerome Levy Economic Institute of Bard College, Working Paper br. 74, May
Ouerghi, F. (2014) Are Islamic banks more resilient to global financial crisis than conventional banks?. Asian Economic and Financial Review, 4(7); 941-955
Tabash, M.I., Dhankar, R.S. (2014) The impact of global financial crisis on the stability of Islamic banks: An empirical evidence. Journal of Islamic Banking and Finance, 2(1); 367-388
 

About

article language: English
document type: Original Scientific Paper
DOI: 10.5937/EkoPog1701035C
published in SCIndeks: 31/12/2019

Related records