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The Stability of Islamic and Conventional Banks in the MENA Region Countries During the 2007–2012 Financial Crisis

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Abstract

The objective of this study is to determine the stability of Islamic and conventional banks of 13 countries during the current subprime and the eurozone crisis. In this study, we used a sample of 69 Islamic and 88 classic banks over the 2003/2012 period. The method of the ordinary least squares is applied to examine the stability of both financial sectors. Our results show that the stability of Islamic banks is a little higher than that of conventional banks.

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Notes

  1. Sharia, Islamic sharia or Islamic law is the religious legal system governing the members of the Islamic faith. It is derived from the religious precepts of Islam, particularly the Quran and the Hadith.

  2. Particularly, our sample comprises Saudi Arabia, Bahrain, Egypt, UAE, Iran, Jordan, Kuwait, Lebanon, Qatar, Sudan, Tunisia, Turkey, and Yemen.

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Authors and Affiliations

  1. Faculty of Economics and Management, University of Sfax, Sfax, Tunisia

    Besma Hamdi, Mohamed Abdouli, Mouna Aloui & Sami Hammami

  2. Higher Institute of management Tunis, Tunis, Tunisia

    Afifa Ferhi

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  1. Besma Hamdi
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  2. Mohamed Abdouli
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  3. Afifa Ferhi
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  4. Mouna Aloui
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  5. Sami Hammami
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Correspondence to Besma Hamdi.

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Hamdi, B., Abdouli, M., Ferhi, A. et al. The Stability of Islamic and Conventional Banks in the MENA Region Countries During the 2007–2012 Financial Crisis. J Knowl Econ 10, 365–379 (2019). https://doi.org/10.1007/s13132-017-0456-2

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