Browsing by Author Sukmana, Raditya

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  • dynamics_islamic_financing_malaysia_causality_innovation_accounting_ibrahim_sukmana.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Sukmana, Raditya (2011)

  • The article evaluates dynamic interactions between Islamic financing and macroeconomic and financial variables for Malaysia using the Toda-Yamamoto (1995) causality test and innovation accounting approach. The results suggest strong causal influences of interest rate on Islamic financing but insignificant causal relations from real stock prices or real production to Islamic financing. Thus, while the results suggest that Islamic financing in Malaysia is resilient to boom/bust cycles of the stock market or fluctuations in real activity, Islamic banks under a dual-banking environment are not spared from fluctuations in interest rate or monetary conditions of the country.

  • how_islamic_are_islamic_banks_non-linear_assessment_islamic_rate_conventional_rate_relations_mansoribrahim.pdf.jpg
  • Journal Article


  • Authors: Sukmana, Raditya; Ibrahim, Mansor H. (2017)

  • In this paper, we perform a non-linear assessment of Islamic rate - conventional rate relations for the case of Malaysia. Using monthly data covering the period January 1999 to November 2016, we find strong evidence supporting non-linear reactions of the Islamic investment rates to conventional rates in the long run and/or short-run for all matched maturities. More precisely, the Islamic investment rates exhibit faster upward movement (slower downward movement) in responses to conventional deposit rate increases (decreases). The asymmetric pricing behaviour of Islamic banks however tends to weaken as maturity lengthens. Accordingly, we infer that Islamic banks do not rigidly peg their...

Browsing by Author Sukmana, Raditya

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 2 of 2
  • dynamics_islamic_financing_malaysia_causality_innovation_accounting_ibrahim_sukmana.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Sukmana, Raditya (2011)

  • The article evaluates dynamic interactions between Islamic financing and macroeconomic and financial variables for Malaysia using the Toda-Yamamoto (1995) causality test and innovation accounting approach. The results suggest strong causal influences of interest rate on Islamic financing but insignificant causal relations from real stock prices or real production to Islamic financing. Thus, while the results suggest that Islamic financing in Malaysia is resilient to boom/bust cycles of the stock market or fluctuations in real activity, Islamic banks under a dual-banking environment are not spared from fluctuations in interest rate or monetary conditions of the country.

  • how_islamic_are_islamic_banks_non-linear_assessment_islamic_rate_conventional_rate_relations_mansoribrahim.pdf.jpg
  • Journal Article


  • Authors: Sukmana, Raditya; Ibrahim, Mansor H. (2017)

  • In this paper, we perform a non-linear assessment of Islamic rate - conventional rate relations for the case of Malaysia. Using monthly data covering the period January 1999 to November 2016, we find strong evidence supporting non-linear reactions of the Islamic investment rates to conventional rates in the long run and/or short-run for all matched maturities. More precisely, the Islamic investment rates exhibit faster upward movement (slower downward movement) in responses to conventional deposit rate increases (decreases). The asymmetric pricing behaviour of Islamic banks however tends to weaken as maturity lengthens. Accordingly, we infer that Islamic banks do not rigidly peg their...