Using an exhaustive sample of banks in the Gulf Cooperation Council region, in the years 2007 to 2009, this research examines the relative operating performance and risk-taking behavior of Islamic and non-Islamic banks during the global financial crisis and the role played by their corporate...

This paper attempts to answer whether Islamic banks can have their own benchmark rate. In so doing, the paper investigates the nature of the relationship Islamic interbank benchmark rate (IIBR) and its comparable conventional counterpart, London interbank offer rate (LIBOR). The dynamics of the...