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Purpose – This paper aims to examine the distributional differences of Islamic bank financing responses to financing rate across bank-specific characteristics in dual banking system. The study also aims to provide understanding of how efficiently Islamic banks perform their roles as suppliers of capital for businesses and entrepreneurs. Design/methodology/approach – The study uses panel regression methodology covering all Islamic banks in Malaysia. The study estimates the benchmark model for Islamic bank financing with respect to bank characteristics and monetary policy. Findings – The evidence suggests that bank-specific characteristics are important in determining Islamic financing behaviour. The Islamic financing behaviour is consistent with conventional lending behaviour that the Islamic bank financing operates depending on the level of bank size, liquidity and capital. There is no significant difference between Islamic bank financing and conventional bank lending behaviour with respect to changes in monetary policy. Originality/value – Many problems and challenges relating to Islamic financing instruments, financial markets and regulations must be addressed and resolved. In practice, it would be a good idea if Islamic banks move away from developing debt-based instruments and concentrate more efforts to develop profit and loss sharing instruments. Proposito - Este documento tiene como objetivo examinar las diferencias de distribucion de las respuestas de financiamiento del banco islamico a la tasa de financiamiento a traves de las caracteristicas especificas del banco en el sistema bancario dual. El estudio tambien busca proporcionar una comprension de la eficiencia con que los bancos islamicos desempenan sus funciones como proveedores de capital para empresas y empresarios. Diseno/metodologia/enfoque - El estudio utiliza una metodologia de regresion de panel que cubre todos los bancos islamicos en Malasia. El estudio estima el modelo de referencia para el financiamiento bancario islamico con respecto a las caracteristicas de los bancos y la politica monetaria. Hallazgos - La evidencia sugiere que las caracteristicas especificas del banco son importantes para determinar el comportamiento del financiamiento islamico. El comportamiento del financiamiento islamico es consistente con el comportamiento de los prestamos convencionales que operan el financiamiento del banco islamico segun el tamano del banco, la liquidez y el capital. No hay una diferencia significativa entre el financiamiento del banco islamico y el comportamiento de los prestamos bancarios convencionales con respecto a los cambios en la politica monetaria. Originalidad/valor - Deben abordarse y resolverse muchos problemas y desafios relacionados con los instrumentos financieros islamicos, los mercados financieros y las regulaciones. En la practica, seria una buena idea si los bancos islamicos se alejaran del desarrollo de instrumentos basados en la deuda y concentraran mas esfuerzos para desarrollar instrumentos de participacion en las ganancias y perdidas.

The impact of monetary policy on Islamic bank financing: bank-level evidence from Malaysia