ARTÍCULO
TITULO

Islamic Finance: Is it a Time to be Considered as an Alternative during Financial Crisis Times? A Comparative Study in Gulf Cooperation Council

Badreldin F. Salim    
Mohamed H. Mahmoud    

Resumen

This paper investigates the difficulties facing Islamic finance performance during the financial crisis times and to what extent whether the time has now come to considered it as suitable alternative in such situations as there is general believe that it is the time now for Islamic Finance to be considered as a suitable alternative to the existing Conventional system particularly during the crisis times. The study examined the financial performance of three Islamic banks in the Middle East alongside with other three conventional ones operating in the same region. The study used the Ratio Analysis technique for evaluating sample banks performance during the crisis times. The study suggested that although Islamic banks have shown some positive indicators, they were actually facing some difficulties which are seems to be relevant to integral parts of the system itself, and those drawbacks may need to be systematically handled before reaching any such conclusion.Keywords: Islamic Finance, Conventional Banks, Financial Performance, Challenges, Financial Crisis.JEL Classifications: E44, G01

 Artículos similares

       
 
Ghazali Bello Abubakar (Author)     Pág. 29 - 34
Purpose of the study:Centrally, this article aims at exploring the effects of the convulsion toward Egyptian domestic politics and democratic transition. However, it tries to examine whether the spring was for a political freedom or a merely evasive move... ver más

 
Lasri Nijal, Putri Apria Ningsih     Pág. 185 - 194
Only with the Maqashid Syari'ah approach that Islamic banking and financial products can develop well and can respond to the progress of business that continues to change rapidly. Imam Al-Syatibi was dubbed the father of Maqashid Sharia because of the re... ver más

 
Kharisya Ayu Effendi, Rozmita Dewi Yuniarti     Pág. 45 - 56
The purpose of this study is to analyze the effect of macroeconomic variables, namely GDP, Inflation and Unemployment on the credit risk of Islamic banking of Indonesia. The data for this study were collected from secondary sources via Statistics Center ... ver más

 
Abolfazl Alishahi G,Bi Bi Zeinab Hosseini,Isa Tamini     Pág. 177 - 186
The ruling prohibiting the use of prohibited and unclean items is found in the Holy Qur'an and the hadiths from the infallible imams (AS). The jurists consider the cause of the ruling of permission and prohibition of things to be their benefits and harms... ver más

 
Ima Amaliah,Tasya Aspiranti     Pág. 21 - 30
The purpose of this study is to identify potential retail state sukuk as part of state bonds that are used to replace foreign debt and lower the government's budget deficit. This study is important because the government's budget deficit continues to ris... ver más