Congratulations - Best Paper Award

Using a large international sample of 348,899 year-firm observations covering 352 Islamic banks and 30,572 conventional banks in 213 countries over the 1999-2013 period, we estimate the deposit insurance premiums of  Islamic banks  and  conventional banks . We find that the premiums for  publicly listed   Islamic banks  are 28% lower than those for  publicly listed conventional banks . Moreover, we show that the premiums of  privately held banks  are significantly higher than those of  publicly listed banks . Finally, we show that  publicly listed Islamic banks  did not record an increase in the level of deposit insurance premiums during the 2007-2009 financial crisis.