Resilience and performance of Islamic and conventional banks amid oil price uncertainty
研究了油价不确定性对净石油出口和进口国家中伊斯兰银行与传统银行股票收益的影响，发现伊斯兰银行有一定韧性但不足以确认其全面优越性，对投资者和政策制定者有参考价值。
The influence of religiosity on stock price performance continues to be a subject of debate, particularly in dual banking systems, where Islamic banks (IBs) operate alongside conventional banks (CBs). This study uses an extensive dataset and applies a recursive window-based asymmetric VAR-GARCH-in-mean-BEKK model to examine the impact of oil price uncertainty (OPU) on IBs and CBs' stock returns in net oil-exporting (Egypt, Indonesia, Kuwait, Nigeria, Oman, Qatar, Saudi Arabia, and the UAE) and oil-importing (Bangladesh, Jordan, Pakistan, and Turkey) countries. Although the findings provide partial insights into IB resilience, they are inconclusive enough to holistically confirm the superiority of either IBs or CBs. This study contributes to the existing literature and emphasizes the need for further investigation of these dynamics. Understanding the effect of OPU on bank profitability is essential for long-term investors, policymakers, and those involved in regulatory reforms focused on promoting economic growth, profitability, and risk management within a dual banking system.