Globalization dynamics enhancing productivity, Efficiency, and performance of islamic banking in the Middle east

Ribed Vianneca W. Jubilee and Ayesha Saddique and Andrew Saw Tek Wei and Zurina binti Patrick (2024) Globalization dynamics enhancing productivity, Efficiency, and performance of islamic banking in the Middle east. Global Business and Management Research: An International Journal, 16 (3s). pp. 1-22. ISSN 1947-5667

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Abstract

Purpose: The review study plans to investigate how the dynamics of globalization affect the performance, efficiency, and productivity of Islamic financial institutions in the Middle East. Design/methodology/approach: An extensive examination of extant literature is carried out to explores the ways by which globalization impacts the functions and consequences of Islamic banks within the area. The performance and efficiency of Islamic banks in middle east were determine by using a related financial ratio such as Capital-asset ratios, deployment ratio and profitability ratios from year 2001 until 2024 using data of several Islamic banks and financial institutions. Findings: Results from this paper suggest that Islamic banks in the Middle East have demonstrated robust performance in recent years. Based on empirical findings, Islamic banks in the Middle East demonstrate significant efficiency in several aspects. However, there is a requirement for further progress, particularly in terms of adopting technology and optimising operational processes to sustain long-term competitiveness. Research limitations/implications: This research provides Islamic banks in the Middle East with strategies to effectively employ theoretical frameworks and empirical data. Furthermore, this paper provides strategies for Islamic banks in the Middle East to capitalise on the benefits of globalisation while mitigating its risks, drawing on theoretical frameworks and empirical evidence. Originality/value: The integration of Islamic banking into the global financial system leads to conflicts between Shariah principles and existing practices. This necessitates the development of innovative approaches to ensure compliance without compromising authenticity

Item Type:	Article
Keyword:	Globalization, productivity, efficiency, Islamic bank, Middle East
Subjects:	H Social Sciences > HC Economic history and conditions > HC10-1085 Economic history and conditions H Social Sciences > HG Finance > HG1-9999 Finance > HG3810-4000 Foreign exchange. International finance. International monetary system
Department:	FACULTY > Labuan Faculty of International Finance
Depositing User:	ABDULLAH BIN SABUDIN -
Date Deposited:	23 Dec 2024 11:00
Last Modified:	23 Dec 2024 11:00
URI:	https://eprints.ums.edu.my/id/eprint/42354

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