The Stability of Islamic Banks During the Subprime Crisis

Boumediene, Aniss; Caby, Jérôme

doi:10.2139/ssrn.1524775

Cited by 28 publications

(21 citation statements)

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“…Stabilnya perbankan syariah juga dapat ditunjukkan dengan banyaknya penelitian secara internasional yang membuktikan bahwa sistem perbankan syariah mempunyai stabilitas yang lebih baik daripada sistem perbankan konvensional. Seperti hasil penelitian yang dilakukan oleh Cihak dan Hesse (2008), Hasan dan Dridi (2010), Boumediene dan Caby (2010). Bahkan Parashar dan Venkatesh (2010) mencatat bahwa bank syariah lebih stabil daripada bank konvensional karena sistem yang mendasarinya.…”

Section: Gambar 1 Indeks Stabilitas Sistem Keuanganunclassified

Analisis Perbandingan Stabilitas Sistem Perbankan Syariah Dan Konvensional Di Indonesia

Fatoni

Sidiq

2019

ekspansi

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Penelitian ini bertujuan untuk menganalisis perbandingan stabilitas sistem perbankan syariah dan konvensional di Indonesia beserta faktor yang mempengaruhinya. Penelitian ini menggunakan regresi data panel dengan mengambil sampel 9 aset terbesar bank syariah dan konvensional di Indonesia selama periode observasi 2010-2016. Alat analisis yang digunakan adalah analisis nilai Z-score dan regresi data panel. Hasil regresi menunjukkan bahwa secara simultan faktor internal yang terdiri dari pembiayaan berbasis PLS, NPF, LAR, BOPO, Ukuran Bank, HHI dan faktor Eksternal terdiri PDB dan inflasi berpengaruh signifikan terhadap stabilitas sistem perbankan syariah. Secara parsial variabel pembiayaan berbasis PLS, NPF, LAR, BOPO, Ukuran Bank dan PDB berpengaruh signifikan terhadap stabilitas sistem perbankan syariah. Sementara itu hasil regresi data panel menunjukkan secara simultan faktor internal (BI Rate, NPL, LAR, BOPO, Ukuran Bank dan HHI) dan faktor eksternal (PDB dan inflasi) berpengaruh signifikan terhadap stabilitas sistem perbankan konvensional. Secara parsial variabel BI Rate, BOPO, Ukuran Bank, HHI dan PDB berpengaruh signifikan terhadap stabilitas sistem perbankan konvensional. Hasil analisis perbandingan stabilitas sistem perbankan syariah dan konvensional di Indonesia melalui analisis nilai Z-score menunjukkan bahwa sistem perbankan syariah mempunyai stabilitas yang lebih baik daripada sistem perbankan konvensional.

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Section: Gambar 1 Indeks Stabilitas Sistem Keuanganunclassified

Analisis Perbandingan Stabilitas Sistem Perbankan Syariah Dan Konvensional Di Indonesia

Fatoni

Sidiq

2019

ekspansi

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“…From an academic viewpoint, research has sought to investigate similarities and differences between Islamic and conventional finance. Islamic banks, for instance, have been much researched in terms of business models, efficiency, financial characteristics and stability; see among others Pappas et al (2016); Johnes et al (2014); Abedifar et al (2013); Beck et al (2013); Čihák and Hesse (2010) ; Boumediene and Caby (2009). Most of these studies verify that the two banking systems are markedly different.…”

Section: Introductionmentioning

confidence: 99%

Hidden cointegration reveals hidden values in Islamic investments

Alexakis

Pappas

Tsikouras³

2017

Journal of International Financial Markets, Institutions and Mo

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We explore long-run relationships between Islamic and conventional equity indices for the period 2000-2014. We adopt a hidden co-integration technique to decompose the series into positive and negative components; thus allowing the investigation of the indices during upward and downward markets. We find evidence of bi-directional dynamics during upward, downward and some mixed market movements. However, after adding control variables to our models, only the relationship for the negative components retains its significance; indicating that the Islamic index is the least responsive during bad times. This highlights the robust nature of Islamic investments and a possible differentiated investor reaction to financial information during market downtrends. Implications for practitioners are highlighted in a case study.

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“…Here, we must distinguish between financial stability and the stability of the banking system, which is the oldest concept for central banks, and is the main reason to establish the Federal Reserve in the United States. With regard to financial stability is associated with the financial system as a whole, which covers the banking, capital markets, foreign exchange, and debt (Boumediene and Caby, 2009). In order to study the financial stability of banking sector, we need to distinguish between types of banks, and depending on the The main reason behind developing a system of an early warning to predict the occurrence of future financial crises was the financial crisis that occurred during 1990s, especially in East Asia and Latin America, which has forced international organizations to pay more attention to identify factors or reasons that leading to the occurrence of such financial crises (Ghassan and Taher, 2013).…”

Section: Financial Stabilitymentioning

confidence: 99%

Measuring the Financial Stability of Islamic and Conventional Banks in Turkey

Elbadri

Bektaş

2017

New Challenges in Banking and Finance

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The objective of this study is measure and compare the financial stability of Islamic and conventional banks operating in Turkey for the period of 2006 to 2013.The sample consist of twenty four banks, including four Islamic banks and twenty conventional banks. The study focus on three kinds of variables, bank specific, banking sector, and macro-economic. Variables of banks are z-score, total assets, ratio of credits to assets, cost to income ratio, and income diversity. The variables of macroeconomic level are real economic growth and Inflation rate. The variables of the banking sector are Herfindahl index of total assets and share of Islamic banks in the bank sector. The study builds on quantitative tools using panel regression in which the z-score used as a proxy for financial stability. We find that large commercial banks have financial stability, less than small commercial banks, large Islamic banks have financial stability, less than large commercial banks, and large Islamic banks tend to be financially stronger than small Islamic banks. Also, there are a negative relationship between financial stability and the size of the bank. Banks which have high loan to asset ratios moves toward low index of financial stability.Greater operating cost to income ratio have a positive sign, greater operating cost to income ratios lead to deteriorate financial stability index. Income diversity leads to decrease financial stability in banks operating in Turkey. Banks operating in Turkey with higher Islamic bank share have contributed effectively to improve the financial stability through the diversification of their assets. Regarding the macroeconomic variables (GDP, inflation) have significant effects on stability, which explains the importance of financial and economic policies of the government in increase the financial stability of the banks operating in Turkey. DEDICATIONTo loving me to no end.

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The Stability of Islamic Banks During the Subprime Crisis

Cited by 28 publications

References 0 publications

Analisis Perbandingan Stabilitas Sistem Perbankan Syariah Dan Konvensional Di Indonesia

Analisis Perbandingan Stabilitas Sistem Perbankan Syariah Dan Konvensional Di Indonesia

Hidden cointegration reveals hidden values in Islamic investments

Measuring the Financial Stability of Islamic and Conventional Banks in Turkey

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