This paper empirically investigates the financial stability of the countries having both Islamic and conventional banks versus the countries having only conventional banks. It also examines the ability of Islamic banks to provide stability to the overall financial system. The analysis is carried out for a sample of 416 banks drawn from 39 countries over the period 1995–2014. The results provide sound evidence that the dual banking system is more stable than the single banking system. Higher stability is attributed to the presence of Islamic banks in the dual banking system. Furthermore, when only the dual banking system is investigated, the results strongly confirm the greater stability of Islamic banks as compared to their conventional counterparts. Although Islamic banks are mimicking conventional banking practices, their increased interactions with the real economy, investments in real assets, non-aggressive lending profile, and limited exposures to speculative activities make them more resilient and protected.

本文通过实证研究了拥有伊斯兰银行和传统银行的国家的金融稳定性与只有传统银行的国家。它还检查了伊斯兰银行为整个金融体系提供稳定性的能力。这项分析是针对1995年至2014年期间从39个国家/地区抽取的416家银行进行的。结果提供了可靠的证据，表明双重银行系统比单一银行系统更稳定。更高的稳定性归因于双重银行体系中伊斯兰银行的存在。此外，仅调查双重银行系统时，结果强烈证实了伊斯兰银行与传统银行相比具有更高的稳定性。尽管伊斯兰银行模仿传统的银行业务惯例，但它们与实体经济的互动不断增强，对实体资产的投资，非侵略性的贷款状况，