Can Islamic Finance Constitute A Solution to Crisis? - Rennes School of Business Access content directly
Journal Articles International Journal of Economics and Finance Year : 2011

Can Islamic Finance Constitute A Solution to Crisis?

Abstract

The aim of this paper is to show that the Islamic finance is more stable than the conventional finance constituting, thus, a means to reduce the impact of financial crises. Using a VAR model for the financial indexes of France, United States, Indonesia and Saudi Arabia, we show that the effect of a shock on the American market during the period of crisis is negatively transmitted on all other markets, but with a small extent on the market using the method of Islamic financing.

Dates and versions

hal-04013037 , version 1 (03-03-2023)

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Hatem Derbel, Taoufik Bouraoui, Neila Dammak. Can Islamic Finance Constitute A Solution to Crisis?. International Journal of Economics and Finance, 2011, 3 (3), ⟨10.5539/ijef.v3n3p75⟩. ⟨hal-04013037⟩
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