Naqvi, Bushra and Rizvi, S.K.A. and Uqaili, Hina Ahmed and Chaudhry, S.M.,(2018), What enables Islamic banks to contribute in global financial reintermediation? , Pacific-Basin Finance Journal 52 (2018) 5–25, UNSPECIFIED
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Abstract
Conventional banks which once were competing with non-banking financial institutions and
capital markets today face the new challenge of being reintermediated by Islamic banks. Earlier
academic research has been debating over disintermediation and reintermediation of conventional
banks, but consistently failed to address reintermediation through Islamic banks as a
possibility. This study, however, fills the void by addressing the novel possibility of reintermediation
“within” the banking sector and is the first attempt to analyze and compare
Islamic and conventional banks from the perspective of reintermediated financial markets.
After identifying the reintermediation trends led by Islamic banks we investigate several bank
specific financial and non-financial characteristics that might have enabled Islamic banks to
emerge as an important player in reintermediated financial markets. By keeping our focus on
slightly modified version of CAMELS framework where ‘S’ represents “Service Quality” we find
that along with better capitalization (C) and improved liquidity (L), better service quality (S) is
another distinguished feature of Islamic banks that might be linked with their high degree of
intermediation.
1. Introduction
Keywords : | Islamic banks Intermediation Reintermediation Camels Service quality, UNSPECIFIED |
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Journal or Publication Title: | Pacific-Basin Finance Journal 52 (2018) 5–25 |
Volume: | 52 |
Number: | UNSPECIFIED |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Nila Nurjanah |
Date Deposited: | 17 Dec 2019 04:00 |
Last Modified: | 17 Dec 2019 04:00 |
URI: | https://repofeb.undip.ac.id/id/eprint/302 |