Behaviour Of Companies During Covid Times.

Our paper examines 249 Sukuk, and 217 Bond issuing companies across 12 countries globally to analyze which factors affect the choice between issuing Sukuks versus Conventional Bonds and how COVID has impacted these decisions. As previous research suggests that Islamic Banks were affected by the financial crisis of 2008 less than the conventional banks because their financial performance did not deteriorate like conventional banks. Our research investigates how corporations have behaved during the COVID-19 crisis financially and whether their choice to issue a Sukuk versus a Conventional bond was impacted. [ABSTRACT FROM AUTHOR]