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http://ssrn.com/abstract=1089682
 
 

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Islamic Banks and Financial Stability: An Empirical Analysis


Martin Cihák


International Monetary Fund (IMF)

Heiko Hesse


International Monetary Fund (IMF)

Janurary 2008

IMF Working Paper No. 08/16

Abstract:     
The relative financial strength of Islamic banks is assessed empirically based on evidence covering individual Islamic and commercial banks in 18 banking systems with a substantial presence of Islamic banking. We find that (i) small Islamic banks tend to be financially stronger than small commercial banks; (ii) large commercial banks tend to be financially stronger than large Islamic banks; and (iii) small Islamic banks tend to be financially stronger than large Islamic banks, which may reflect challenges of credit risk management in large Islamic banks. We also find that the market share of Islamic banks does not have a significant impact on the financial strength of other banks.

Number of Pages in PDF File: 31

Keywords: Islamic banking, Financial stability

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Date posted: February 4, 2008  

Suggested Citation

Cihák, Martin and Hesse, Heiko, Islamic Banks and Financial Stability: An Empirical Analysis (Janurary 2008). IMF Working Papers, Vol. , pp. 1-29, 2008. Available at SSRN: http://ssrn.com/abstract=1089682

Contact Information

Martin Cihák (Contact Author)
International Monetary Fund (IMF) ( email )
700 19th Street N.W.
Washington, DC 20431
United States
Heiko Hesse
International Monetary Fund (IMF) ( email )
700 19th Street, N.W.
Washington, DC 20431
United States
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