Differential impact of adopting Islamic banking: A quasi-experimental approach
<p>This study examines the treatment effect of the adoption of Islamic banking system in Pakistan. Compared to traditional banks, the distinct involvement of Islamic banks in real trading, along with its risk-sharing attributes, necessitates an examination of whether these differences impact e...
محفوظ في:
| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , |
| منشور في: |
2025
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| الموضوعات: | |
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إضافة وسم
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| _version_ | 1864513537599078400 |
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| author | Adil Saleem (13822021) |
| author2 | R.M. Ammar Zahid (22330792) Judit Sági (5480141) |
| author2_role | author author |
| author_facet | Adil Saleem (13822021) R.M. Ammar Zahid (22330792) Judit Sági (5480141) |
| author_role | author |
| dc.creator.none.fl_str_mv | Adil Saleem (13822021) R.M. Ammar Zahid (22330792) Judit Sági (5480141) |
| dc.date.none.fl_str_mv | 2025-02-12T03:00:00Z |
| dc.identifier.none.fl_str_mv | 10.1016/j.ribaf.2025.102793 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/Differential_impact_of_adopting_Islamic_banking_A_quasi-experimental_approach/30338896 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Treatment effect Quasi-experimental design Islamic finance |
| dc.title.none.fl_str_mv | Differential impact of adopting Islamic banking: A quasi-experimental approach |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>This study examines the treatment effect of the adoption of Islamic banking system in Pakistan. Compared to traditional banks, the distinct involvement of Islamic banks in real trading, along with its risk-sharing attributes, necessitates an examination of whether these differences impact economic growth. We applied a novel quasi-experimental research design using the synthetic control method (SCM) to examine the incremental effect of Islamic banking adoption on economic growth from 1990 to 2022. Results confirm that the Islamic financial system contributed differentially to economic growth in Pakistan, compared to the control group (51 countries), in the post-adoption period. The counterfactual effect on economic growth is estimated to be between 23 % and 32 % compared to the countries where Sharia banking is absent. The results are consistent and robust to alternative analysis, SCM with additional covariates, and placebo tests. The results also provide crucial implications for countries and central banks to implement Sharia-based banking, complementing the United Nations’ Sustainable Development Goal 8.</p><h2>Other Information</h2> <p> Published in: Research in International Business and Finance<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.ribaf.2025.102793" target="_blank">https://dx.doi.org/10.1016/j.ribaf.2025.102793</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_76f344d8673f5ef11fb1c2f3426972b3 |
| identifier_str_mv | 10.1016/j.ribaf.2025.102793 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/30338896 |
| publishDate | 2025 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | Differential impact of adopting Islamic banking: A quasi-experimental approachAdil Saleem (13822021)R.M. Ammar Zahid (22330792)Judit Sági (5480141)Commerce, management, tourism and servicesBanking, finance and investmentEconomicsApplied economicsTreatment effectQuasi-experimental designIslamic finance<p>This study examines the treatment effect of the adoption of Islamic banking system in Pakistan. Compared to traditional banks, the distinct involvement of Islamic banks in real trading, along with its risk-sharing attributes, necessitates an examination of whether these differences impact economic growth. We applied a novel quasi-experimental research design using the synthetic control method (SCM) to examine the incremental effect of Islamic banking adoption on economic growth from 1990 to 2022. Results confirm that the Islamic financial system contributed differentially to economic growth in Pakistan, compared to the control group (51 countries), in the post-adoption period. The counterfactual effect on economic growth is estimated to be between 23 % and 32 % compared to the countries where Sharia banking is absent. The results are consistent and robust to alternative analysis, SCM with additional covariates, and placebo tests. The results also provide crucial implications for countries and central banks to implement Sharia-based banking, complementing the United Nations’ Sustainable Development Goal 8.</p><h2>Other Information</h2> <p> Published in: Research in International Business and Finance<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.ribaf.2025.102793" target="_blank">https://dx.doi.org/10.1016/j.ribaf.2025.102793</a></p>2025-02-12T03:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1016/j.ribaf.2025.102793https://figshare.com/articles/journal_contribution/Differential_impact_of_adopting_Islamic_banking_A_quasi-experimental_approach/30338896CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/303388962025-02-12T03:00:00Z |
| spellingShingle | Differential impact of adopting Islamic banking: A quasi-experimental approach Adil Saleem (13822021) Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Treatment effect Quasi-experimental design Islamic finance |
| status_str | publishedVersion |
| title | Differential impact of adopting Islamic banking: A quasi-experimental approach |
| title_full | Differential impact of adopting Islamic banking: A quasi-experimental approach |
| title_fullStr | Differential impact of adopting Islamic banking: A quasi-experimental approach |
| title_full_unstemmed | Differential impact of adopting Islamic banking: A quasi-experimental approach |
| title_short | Differential impact of adopting Islamic banking: A quasi-experimental approach |
| title_sort | Differential impact of adopting Islamic banking: A quasi-experimental approach |
| topic | Commerce, management, tourism and services Banking, finance and investment Economics Applied economics Treatment effect Quasi-experimental design Islamic finance |