Finance-Growth Nexus and Dual-Banking Systems: Relative Importance of Islamic Banks

Pejman Abedifar (), Iftekhar Hasan and Amine Tarazi
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Pejman Abedifar: University of Saint Andrews

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Abstract: This paper investigates the relative importance of Islamic banks, alongside their conventional counterparts, in relation tobanking and financial development and economic welfare. Using a sample of 22 Muslim countries, with dual-banking systems, during the period 1999–2011, this paper reports some significant positive relationship between the market share of Islamic banks and the development of financial intermediation, financial deepening and economic welfare, particularly in low income or predominantly Muslim countries,and countries with a comparatively higher uncertainty avoidance index. Additionally, the results reveal thata greater market share of Islamic banks is associated with higherefficiency of conventional banks.

Keywords: Banking System Structure; Financial Development; Finance-Growth Nexus; Islamic Banking (search for similar items in EconPapers)
Date: 2016-04-01
Note: View the original document on HAL open archive server: https://unilim.hal.science/hal-01296613v1
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Citations: View citations in EconPapers (47)

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Related works:
Journal Article: Finance-growth nexus and dual-banking systems: Relative importance of Islamic banks (2016)
Working Paper: Finance-Growth Nexus and Dual-Banking Systems: Relative Importance of Islamic Banks (2016)
Working Paper: Finance-Growth Nexus and Dual Banking System: Relative Importance of Islamic Banks (2014)
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