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

Abdus Samad

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

Abdus Samad * §

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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. "Are Islamic Banks Immunefrom Global Financial Crisis: Evidences from 16-Cross-Country Islamic Banks". Global Journal of Management and Business Research, Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 13 (GJMBR Volume 13 Issue C8).

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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

Keywords

Financial Performance global financial crisis Islamic bank

Classification

GJMBR-C Classification JEL Classification: C13

C23

C33

G21

Submission ReceivedDecember 14, 2012
Peer Review Double Blind
Handling Editor
Accepted January 4, 2013
Published January 15, 2013

Version of record

v1.2

Issue date

August 30, 2013

Language

English

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Total Score: 178

Country: United States

Subject: Global Journal of Management and Business Research

Authors: Abdus Samad (PhD/Dr. count: 0)

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