COMPARATIVE ANALYSIS OF ISLAMIC AND CONVENTIONAL BANKS IN THE UAE DURING THE FINANCIAL CRISIS
Journal Title: Asian Economic and Financial Review - Year 2016, Vol 6, Issue 6
Abstract
The discourses of Islamic and conventional finance differ according to the principles of Islamic finance there is no separation of the spiritual and the secular. Islamic finance is explicitly concerned with spiritual values and social justice, in contrast to conventional finance, which is based on the maximization of individual utility, welfare and choice, as expressed for example in the shareholder value model. Islamic and conventional banks respond differently to financial shocks. This study analyses the performance of Islamic and conventional banking systems in the UAE during the financial crisis. The study was undertaken in two stages, first a comparative analysis one Islamic and one conventional banks from 2007 until 2008. Secondly, a cross sectional analysis, between the Islamic (8 banks) and conventional banking sector (43 banks) that operated in the UAE during the period 2007-2008 was undertaken.
Authors and Affiliations
Issam Tlemsani*| Department of Finance and Economics, Qatar University, Qatar, Huda Al Suwaidi| Senior Internal Auditor, Abu Dhabi Securities Exchange
Keywords
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