Are Islamic Banks Immunefrom Global Financial Crisis: Evidences from 16-Cross-Country Islamic Banks

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Abdus Samad
Abdus Samad
α Utah Valley University Utah Valley University

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Are Islamic Banks Immunefrom Global Financial Crisis: Evidences from 16-Cross-Country Islamic Banks

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Abstract

This paper empirically investigates whether the cross-country Islamic banks’ financial performances are immune by the global financial crisis (GFC). Banks’ financial performancesthe pre GFC and the GFC period-are measured by return on assets (ROA). The comparison of mean and the median return on return on asset (ROA) show that Islamic banks’ ROA prior to GFC were 0.031 and 0.012 respectively and they were 0.01 and 0.12 respectively during the GFC. The significance of the parametric mean test,-t-test, and non-parametric median test,-Kruska-Wallis, and Mann-Whitney demonstrates a significant difference between the mean and the median performance of Islamic bank during the pre GFC and the GFC periods. This difference suggests that Islamic banks’ financial performance is not immune from the GFC.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Abdus Samad. 2013. \u201cAre Islamic Banks Immunefrom Global Financial Crisis: Evidences from 16-Cross-Country Islamic Banks\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 13 (GJMBR Volume 13 Issue C8): .

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Version of record

v1.2

Issue date

August 30, 2013

Language
en
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Published Article

This paper empirically investigates whether the cross-country Islamic banks’ financial performances are immune by the global financial crisis (GFC). Banks’ financial performancesthe pre GFC and the GFC period-are measured by return on assets (ROA). The comparison of mean and the median return on return on asset (ROA) show that Islamic banks’ ROA prior to GFC were 0.031 and 0.012 respectively and they were 0.01 and 0.12 respectively during the GFC. The significance of the parametric mean test,-t-test, and non-parametric median test,-Kruska-Wallis, and Mann-Whitney demonstrates a significant difference between the mean and the median performance of Islamic bank during the pre GFC and the GFC periods. This difference suggests that Islamic banks’ financial performance is not immune from the GFC.

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Are Islamic Banks Immunefrom Global Financial Crisis: Evidences from 16-Cross-Country Islamic Banks

Abdus Samad
Abdus Samad Utah Valley University

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