1.

Record Nr.

UNINA9910971761203321

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

9781475541182

147554118X

9781475560206

1475560206

Edizione

[1st ed.]

Descrizione fisica

1 online resource (23 p.)

Collana

IMF Working Papers

Altri autori (Persone)

NowakSylwia

Disciplina

332.152

Soggetti

Investments - Islamic countries

Investments, Foreign - Islamic countries

Banking

Banks and Banking

Banks and banking

Banks

Bonds

Depository Institutions

Finance

Financial Economics

Financial Institutions and Services: Government Policy and Regulation

Financial institutions

Financial Instruments

Financial Markets and the Macroeconomy

Financial services industry

Financial services

General Financial Markets: General (includes Measurement and Data)

Industries: Financial Services

Institutional Investors

International Financial Markets

Investment & securities

Investments: Bonds

Investments: Stocks

Islamic Banking and Finance

Islamic banking

Islamic countries

Islamic finance



Micro Finance Institutions

Mortgages

Non-bank Financial Institutions

Other Economic Systems: Public Economics

Pension Funds

Stocks

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.