Conventional banks

Influence of COVID-19 on the Default risk of the banking sector: A Comparison between Conventional and Islamic Bank of Developing Countries

The COVID-19 pandemic is resulting in havoc among the international financial and economic sphere, as it develops as the massive test for financial systems across the globe after financial crisis of 2008 and 2009. It has been predicted by Asian Development Bank (ADB) that the international economic cost of the disease is probably to be amid $5.8 and USD8.8 trillion that is almost 6.4 to 7% of the total GDP of the World (Park et al., 2020).