• DOI:10.1080/00036846.2014.978076
Corpus ID: 154962925

The dependency of Islamic bank rates on conventional bank interest rates: further evidence from Turkey

@article{Sara2015TheDO,
  title={The dependency of Islamic bank rates on conventional bank interest rates: further evidence from Turkey},
  author={M. Saraç and Feyyaz Zeren},
  journal={Applied Economics},
  year={2015},
  volume={47},
  pages={669 - 679}
}

• M. Saraç, Feyyaz Zeren
• Published 2015
• Economics
• Applied Economics

The nexus between Islamic banks’ returns on term deposits (participation accounts) and conventional banks’ (CBs) interest rates on term deposits is one of the controversies with regard to Islamic finance. The obvious correlation between two sides is considered a convergence of Islamic banking to the conventional mode and the breach of the ‘risk sharing’, the underlying principle of Islamic finance. The aim of this study is to econometrically investigate the long-term relationship between CBs… Expand

View on Taylor & Francis

Save to Library

Create Alert

Cite

Launch Research Feed