1.

Record Nr.

UNINA9910779104603321

Autore

Krasicka Olga

Titolo

What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia / / Olga Krasicka, Sylwia Nowak

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2012

ISBN

1-4755-4118-X

1-4755-6020-6

Descrizione fisica

1 online resource (23 p.)

Collana

IMF Working Papers

Altri autori (Persone)

NowakSylwia

Soggetti

Investments - Islamic countries

Investments, Foreign - Islamic countries

Banks and Banking

Investments: Bonds

Investments: Stocks

Islamic Banking and Finance

Industries: Financial Services

Financial Markets and the Macroeconomy

International Financial Markets

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Other Economic Systems: Public Economics

Financial Economics

General Financial Markets: General (includes Measurement and Data)

Pension Funds

Non-bank Financial Institutions

Financial Instruments

Institutional Investors

Financial Institutions and Services: Government Policy and Regulation

Banking

Investment & securities

Finance

Islamic banking

Islamic finance

Bonds

Stocks

Financial services



Financial institutions

Banks and banking

Islamic countries

Financial services industry

Malaysia

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Contents; I. Introduction; Figures; 1. Size of the Islamic Financial Services Industry; 2. Malaysia: Size of the Banking Sector; Boxes; 1. Malaysia: Developing the Islamic Finance Industry; 2. Malaysia: Islamic Finance Tax Incentives; II. Malaysia's Capital Markets and the Banking Sector: Stylized Facts; Tables; 1. Selected Asia: Bonds Outstanding in mid-2011; 3. Malaysia: Size of the Local Currency Bond Market; 4. Selected Asia: Foreign Holdings in Local Currency Government Bonds; 5. Malaysia: Size of the Islamic Bond Market; 6. Stock Market Performance

7. Malaysia: Banking Sector Structure III. Islamic and Conventional Bonds and Stocks in Malaysia; 2. Malaysia: Size of the Banking Sector; 8. Malaysia: Monthly Bond Returns; 9. Malaysia: Monthly Equity Returns; 10. Malaysia: Contributions of Common Factors to Bond and Equity Returns; 11. Malaysia: Factor Loadings of the Common Economic Factor; 3. Malaysia: Empirical Analysis of Bond and Stock Returns; 4. Malaysia: Strength and Profitability of Islamic and Conventional Banks; IV. Are Islamic Banks Safer and More Profitable Than Conventional Banks; 12. Malaysia: Loan Classification

13. Malaysia: Capital, Reserves, and Total Deposits14. Malaysia: Deposit Classification by Holder; V. Policy Implications and Conclusions; References

Sommario/riassunto

What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by common factors. Likewise, especially in recent years, Islamic banks have responded to economic and financial shocks in the same way as conventional banks, suggesting that the gap between Islamic and conventional financial practices is shrinking.