Islamic Finance: A Bulwark against Crisis?

Islamic Finance: A Bulwark against Crisis?

Dr. Hatem Derbel

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Neila Dammak

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Ali Chkir

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1 University of West Paris Nanterre La Defense

GJHSS Volume 12 Issue C11

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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 crisis. Using a VAR model for the financial indexes of France (SBF250), United States (DOW JONES), United Kingdom (FTSE100), Indonesia (JAKISLM) and Saudi Arabia (TADAWUL) covering the period (26/02/2007-12/20/2010), 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.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

Dr. Hatem Derbel. 2012. \u201cIslamic Finance: A Bulwark against Crisis?\u201d. Global Journal of Human-Social Science - C: Sociology & Culture GJHSS-C Volume 12 (GJHSS Volume 12 Issue C11): .

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GJHSS Volume 12 Issue C11
Pg. 101- 113

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

Conventional Finance financial crisis Islamic Finance VAR model

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Submission ReceivedFebruary 7, 2012
RevisedFebruary 7, 2012
Peer Review Double Blind
Handling Editor
Accepted March 5, 2012
Published March 15, 2012

Version of record

v1.2

Issue date

September 6, 2012

Language

English

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Total Score: 138

Country: France

Subject: Global Journal of Human-Social Science - C: Sociology & Culture

Authors: Dr. Hatem Derbel, Neila Dammak, Ali Chkir (PhD/Dr. count: 1)

View Count (all-time): 95

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Publish Date: 2012 09, Thu

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Total Views: 5130

Total Downloads: 2749

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