THE IMPACT OF ISLAMIC BANKING AND FINANCIAL PERFORMANCE: THE CASE OF DUBAI ISLAMIC BANK

  • Suha Jalloul Lebanese American University
Keywords: Islamic banking, financial performance, Dubai banks

Abstract

Due to the fast growth of the Muslim community, Dubai's Islamic finance industry has been also growing considerably over the last two decades. Muslim financial services may become more popular as the Muslim population expands and its living circumstances improve. The key developing market for religion-based financial products is the Middle East. This study analyzes their impact on the financial performance of Islamic banks. Data for this study was gathered from the platform www.dib.ae, the years of investigation being 2017-2020. The study's limited sample size was heavily influenced by the participants' preference for an Islamic bank over a conventional bank with an Islamic window. Because every IB operating in the GCC was included in the research, Dubai Islamic Bank is considered an excellent representation of the fully fledged Islamic banks. The researchers studied the financial performance indicators of a Dubai Islamic Bank for several years and have found that international principles are used as a guide for Sharia compliance, shareholder rights, and decision-making processes in IBs' governance and accounting standards. However, laws must be adapted to the country's specific environment in order for the bank to function properly. Managers must make sure еру economic competitiveness paradigm can be more easily integrated with the related Islamic values.

Author Biography

Suha Jalloul, Lebanese American University

CPA, MBA

Graduate Assistant, Department of Accounting & Finance, Faculty of Business Administration,  Lebanese American University  

Research interest: Islamic banking, financial modeling, financial services, banking digitalization.   

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Published
2021-09-30
How to Cite
Jalloul, S. (2021). THE IMPACT OF ISLAMIC BANKING AND FINANCIAL PERFORMANCE: THE CASE OF DUBAI ISLAMIC BANK. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (5(30), 60-70. https://doi.org/10.35678/2539-5645.5(30).2021.60-70