Global Financial Crisis of Islamic and Conventional Banking in Middle East ¨C A Case Study in Turkey

Ayman Abdal-Majeed Ahmad Al-Smadi, Mahmoud Khalid Almsafir and Muzamri Bin Mukthar

International Journal of Economics and Finance, 2017, vol. 9, issue 8, 239-248

Abstract: The financial tools all over the world become extremely decisive in these days. The main goal of this paper is to measure then to discuss the impact of performance of conventional and Islamic banking in Turkey during the financial crisis. some variables such as profitability, liquidity, operational efficiency and business growth are used as a measuring factor to determine the performance for both financial models. The period of study is taken during the financial crisis in 1997 and during the global financial crisis in 2007. The comparison in this study is made between the performances of Islamic banking and conventional banking in Turkey. Some secondary data had examines in this study which was drown from the annual report from one of Turkey bank since 2002 until 2013. SPSS (Statistical Package for the Social Sciences) ¡°18.0¡± has been used to compare between Islamic finance model and other model. The findings of this paper shows that Islamic financial system is performing superior than conventional financial system for the period of this study. Hence, it can be concluded that the system of Islamic banking is able to sustain and compete with the conventional banking system especially during any financial crisis.

Keywords: Islamic banking; conventional banking; Turkey Islamic banking; global financial crisis (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:9:y:2017:i:8:p:239-248

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