The purpose of this paper is to study the relationship between the development of Islamic finance and economic growth on the one hand while developing an innovative literature review highlighting the role of the development of Islamic finance and also the the nature of the joint between...

Islamic banks differ significantly in that they typically mobilise funds in the form of Profit Sharing Investments Accounts that are remunerated on the basis of sharing the actual returns on assets financed by the investment funds, with the Investment Account Holders. In theory, the profits are...

The aim of this research is to analyze consequences of the consideration of ethical principles in the financial decisions process of banks. More specifically we study how the consideration of Shariah principles could affect the capital structure of Islamic Banks. We first apply concepts and...

The main challenge by the study of systemic risk is the measurement of contagion that enables the impact of external movement in one market on other markets. One of the main tools that has been proposed for this purpose is the risk measure ∆CoVaR of Adrian and Brunnermeier (2011). This study...

Our objective consists to study a specific risk called the displaced commercial risk (DCR) that results from the management of PSIA funds.This risk is peculiar to Islamic banks and is considered as a new risk in the banking risk literature. Our aim is to identify and assess the DCR. We develop...

The aim of this research is to determine empirically differences between Islamic and conventional banks with particular focus on their financial characteristics such as leverage and profitability. Our sample is made of Islamic and conventional banks, resulting in a panel of 545 observations with...