[ Les banques islamiques faces à la crise des subprimes: étude de l'x-efficience par la méthode SFA ]
Volume 10, Issue 1, January 2015, Pages 45–59
Boutheina Regaieg1 and Elyes Abidi2
1 Université de Tunis El Manar, Tunisia
2 Université de Tunis El Manar, Tunisia
Original language: French
Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Islamic finance is called ethical because it encourages the investment in the socially responsible sectors. It prohibits all investment in illicit sectors and supports the sharing of profits and losses. In this study we investigated the x-efficiency of 25 Islamic banks and 25 conventional banks over a period of 7 years from 2004 to 2010 and we made a comparison between them. However, we should mention that the choice of banks in our sample is not arbitrary. It derives from the world ranking of Islamic and conventional banks in 2004 based on the size of their capital. Our work resulted a score of x-efficiency cost and income respectively of 0.94 and 0.74 for conventional banks and 0.98 and 0.81 for Islamic banks. In essence, Islamic banks are more efficient than conventional banks in the period of crisis and non-crisis period.
Author Keywords: Conventional finance, Islamic finance, Inflationary Finance, Non-inflationary finance, Cost X-efficiency, Profit X-efficiency.
Volume 10, Issue 1, January 2015, Pages 45–59
Boutheina Regaieg1 and Elyes Abidi2
1 Université de Tunis El Manar, Tunisia
2 Université de Tunis El Manar, Tunisia
Original language: French
Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
Islamic finance is called ethical because it encourages the investment in the socially responsible sectors. It prohibits all investment in illicit sectors and supports the sharing of profits and losses. In this study we investigated the x-efficiency of 25 Islamic banks and 25 conventional banks over a period of 7 years from 2004 to 2010 and we made a comparison between them. However, we should mention that the choice of banks in our sample is not arbitrary. It derives from the world ranking of Islamic and conventional banks in 2004 based on the size of their capital. Our work resulted a score of x-efficiency cost and income respectively of 0.94 and 0.74 for conventional banks and 0.98 and 0.81 for Islamic banks. In essence, Islamic banks are more efficient than conventional banks in the period of crisis and non-crisis period.
Author Keywords: Conventional finance, Islamic finance, Inflationary Finance, Non-inflationary finance, Cost X-efficiency, Profit X-efficiency.
Abstract: (french)
La finance islamique est une finance éthique du fait qu'elle favorise l'investissement dans des secteurs socialement responsables. Elle interdit l'investissement dans les secteurs illicites et supporte le partage des profits et des pertes. Dans cette étude nous avons étudié l'x-efficience de 25 banques islamiques et 25 banques conventionnelles sur une période de 7 ans allant de 2004 à 2010 et nous avons établi une comparaison entre elles. Toutefois, nous devons mentionner que le choix des banques de notre échantillon n'est pas arbitraire. Il est basé sur le classement mondial des banques islamiques et conventionnelles de 2004 sur la base de l'importance de leur capital. Notre travail a abouti à un score d'x-efficience coût et revenu respectivement de 0,94 et de 0,74 pour les banques conventionnelles et de 0,98 et 0,81 pour les banques islamiques. En substance, les banques islamiques sont plus efficaces que les banques conventionnelles dans la période de crise et la période hors crise.
Author Keywords: Finance conventionnelle, Finance islamique, Finance inflationniste, Finance non inflationniste, X-efficience coût, X-efficience profit.
How to Cite this Article
Boutheina Regaieg and Elyes Abidi, “Islamic banks in the time of the credit subprime: a study of the x-efficiency by the SFA method,” International Journal of Innovation and Applied Studies, vol. 10, no. 1, pp. 45–59, January 2015.
