Risk and profitability of Islamic banks: A religious deception or an alternative solution?

Naama Trad1, Mohamed Ali Trabelsi2, Jean François Goux3
1Groupe d’Analyse et de Théorie Economique Lyon St.Etienne (Gate-LSE). 93 Chemin des Mouilles, 69130 Écully, France / University of Tunis El Manar, Tunisia
2Faculty of Economic Sciences and Management of Tunis, University of Tunis El Manar, Campus Universitaire Farhat Hached - B.P. 248, El Manar II, 2092, Tunisia
3Université Lumière Lyon II, 18 Claude Bernard, 69365, Lyon Cedex 07, France

Tài liệu tham khảo

Akhtar, 2011, Factors influencing the profitability of Islamic banks of Pakistan, International Research Journal of Finance and Economics, 66, 125 Arellano, 1991, Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations, Review of Economic Studies, 58, 277, 10.2307/2297968 Arellano, 1995, Another look at the instrumental variable estimation of error-component models, Journal of Econometrics, 68, 29, 10.1016/0304-4076(94)01642-D Ariff, 2008, Cost, revenue, and profit efficiency of Islamic versus conventional banks: International evidence using data envelopment analysis, Islamic Economic Studies, 15, 23 Ashraf, 2016, A net stable funding ratio for Islamic banks and its impact on financial stability: An international investigation, Journal of Financial Stability, 24, 47, 10.1016/j.jfs.2016.06.010 Beck, 2013, Islamic vs conventional banking: Business model, efficiency and stability, Journal of Banking & Finance, 37, 433, 10.1016/j.jbankfin.2012.09.016 Blundell, 1998, Initial conditions and moment restrictions in dynamic panel data models, Journal of Econometrics, 87, 115, 10.1016/S0304-4076(98)00009-8 Bourkhis, 2013, Islamic and conventional banks’ soundness during the 2007–2008 financial crisis, Review of Financial Economics, 22, 68, 10.1016/j.rfe.2013.01.001 Choong, 2012, Performance of Islamic commercial banks in Malaysia: An empirical study, Journal of Islamic Economics Banking and Finance, 8, 67 Cihák, 2008 Delis, 2009, Determinants of bank efficiency: Evidence from a semi-parametric methodology, Managerial Finance, 35, 260, 10.1108/03074350910931771 El Khamlichi, 2014, Are Islamic equity indices more efficient than their conventional counterparts? Evidence from major global index families, Journal of Applied Business Research, 30, 1137, 10.19030/jabr.v30i4.8660 Fakhfekh, 2016, Measuring volatility persistence for conventional and Islamic banks: An FI-EGARCH approach, Emerging Markets Review, 27, 84, 10.1016/j.ememar.2016.03.004 Fayed, 2013, Comparative performance study of conventional and Islamic banking in Egypt, Journal of Applied Finance & Banking, 3, 1 Ftiti, 2013, Efficiency of Islamic banks during subprime crisis: Evidence of GCC countries, Journal of Applied Business Research, 29, 285, 10.19030/jabr.v29i1.7615 Fun Ho, 2014, Performance of global Islamic versus conventional share indices: International evidence, Pacific Basin Finance Journal, 28, 110, 10.1016/j.pacfin.2013.09.002 Hasan, 2010 Jawadi, 2014, Conventional and Islamic stock price performance: An empirical investigation, International Economics, 137, 73, 10.1016/j.inteco.2013.11.002 Jawadi, 2016, Do Islamic and conventional banks really differ? A panel data statistical analysis, Open Economies Review, 27, 293, 10.1007/s11079-015-9373-9 Kervin, 1992 Kosmidou, 2005 Mat Rahim, 2013, Comparison on stability between Islamic and conventional banks in Malaysia, Journal of Islamic Economics Banking and Finance, 9, 131, 10.12816/0001618 Miah, 2015, Relationship between capital, risk and efficiency: A comparative study between Islamic and conventional banks of Bangladesh, International Journal of Islamic and Middle Eastern Finance and Management, 8, 203, 10.1108/IMEFM-03-2014-0027 Muda, 2013, Comparative analysis of profitability determinants of domestic and foreign Islamic banks in Malaysia, International Journal of Economics and Financial Issues, 3, 559 Onakoya, 2013, The performance of conventional and Islamic banks in the United Kingdom: A comparative analysis, Journal of Research in Economics and International Finance, 2, 29 Rajhi, 2013, Islamic banks and financial stability: A comparative empirical analysis between Mena and Southeast Asian countries, Région et Développement, 37, 149 Ramlan, 2016, The profitability of Islamic and conventional bank: Case study in Malaysia, Procedia Economics and Finance, 35, 359, 10.1016/S2212-5671(16)00044-7 Rashid, 2016, Analyzing performance determinants: Conventional versus Islamic banks in Pakistan, Borsa Istanbul Review, 16, 92, 10.1016/j.bir.2016.03.002 Rosman, 2014, Efficiency of Islamic banks during the financial crisis: An analysis of Middle Eastern and Asian countries, Pacific-Basin Finance Journal, 28, 76, 10.1016/j.pacfin.2013.11.001 Said, 2012, Efficiency in Islamic banking during a financial crisis-an empirical analysis of forty-seven banks, Journal of Applied Finance & Banking, 2, 163 Srairi, 2009, A comparison of the profitability of Islamic and conventional banks: The case of GCC countries, Bankers, Markets & Investors, 98, 16 Sufian, 2009, The determinants of Islamic banks’ efficiency changes: Empirical evidence from the MENA and Asian banking sectors, International Journal of Islamic and Middle Eastern Finance and Management, 2, 120, 10.1108/17538390910965149 Trabelsi, 2011, The impact of the financial crisis on the global economy: Can the Islamic financial system help?, Journal of Risk Finance, 12, 15, 10.1108/15265941111100049 Wasiuzzaman, 2010, Profitability of Islamic banks in Malaysia: An empirical analysis, Journal of Islamic Economic Banking and Finance, 6, 53 Zarrouk, 2012, Does financial crisis reduce Islamic banks’ performance? Evidence from GCC Countries, Journal of Islamic Finance and Business Research, 1, 1 Zehri, 2013, The impact of the global financial crisis on the financial institutions: A comparison between Islamic banks and conventional banks, Journal of Islamic Economics Banking and Finance, 9, 69, 10.12816/0001612 Zeitoun, 2012, Determinants of Islamic and conventional banks performance in GCC countries using panel data analysis, Global Economy and Finance Journal, 5, 53