Islamic Finance: A Bulwark against Crisis?

Dr. Hatem Derbel; Neila Dammak; Ali Chkir

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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§ University of West Paris Nanterre La Defense

Islamic Finance: A Bulwark against Crisis?

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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 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.

References

21 Cites in Article

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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.

How to Cite This Article

Dr. Hatem Derbel, Neila Dammak, Ali Chkir. 2012. "Islamic Finance: A Bulwark against Crisis?". 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

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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

Classification

GJHSS-C Classification FOR Code:150202 JEL Code: G01

Submission ReceivedFebruary 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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Article Matrices

Total Score: 138

Country: France

Subject: Global Journal of Human-Social Science

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

View Count (all-time): 309

Total Views (Real + Logic): 1045

Total Downloads (simulated): 78

Publish Date: 2012 03, Thu

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Total Views: 1K

Total Downloads: 78

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