Islamic finance in Europe (160)

Continuation

Comprehensive studies:

-    Beck, Demirgüç-Kunt and Merrouche (2013)

-    Abedifar, Molyneux and Tarazi (2012)

contain excellent literature reviews.

In contrast, most recent studies including data for the crisis period tend to stress that, during the financial crisis, Islamic banks had more difficulties than conventional banks in maintaining their:

-    efficiency

-    and profitability.

Hasan and Dridi (2010), for example, study the profitability of 120:

-    Islamic

-    and conventional

banks across eight countries during the period 2007-09.

From the research paper of European Central Bank

(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)