Financial Performance Assessment of Islamic Banking: The Case Study of Dubai Islamic & Emirates Islamic Banks.
Rim Jamal Mohsen1
1-Beirut Arab University
This research focuses on how Islamic banks work stressing on the shari’ah qualification and prohibitions on the controversial conventional banking products. It provides an overview on the history of Islamic finance and its evolution throughout years. Islamic financial industry has shown tremendous growth over the past decade, the study undertakes this growth in details, as well as the engagement of Islamic banks in corporate social responsibility by way of “Zakat”. The ultimate purpose of this paper is to prove profitability and solvency of Islamic banking by assessing the financial performance of two large Islamic banks located in the United Arab Emirates: Dubai Islamic Bank & Emirates Islamic Bank. This study may also serve as a reference for comparing equity investments in both banks.
Keywords: Islamic banking, financial performance, profitability, interest, conventional banks