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GCC국가 이슬람은행과 일반은행 수익성 결정요인 비교연구

Determinant Factors of Islamic and Conventional Banks Performance in the GCC Countries

손성현|양오석
한국이슬람학회 (Korean Association Of The Islamic Studies)|2012.06|한국이슬람학회논총 (Annals of Korean Association of the Islamic Studies)|제22권 제2호|pp. 217-256|DOI http://dx.doi.org/

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키워드

효율성성과EfficiencyPerformance수익성Profitability이슬람은행Islamic BankGCC
주제분류종교학

초록

The objective of this paper is to verify whether the differences between Islamic banks and commercial banks shown in previous research remain the same in terms of profitability, and to examine how the factors determining probability are different for both. To fulfill the purpose stated above, 33 Islamic banks and 47 commercial banks in six GCC countries have been examined to analyze differences in profitability and factors determining probability using the random effect model from 1996 to 2007. As a result, the ROA and NIM, which are used as proxies for profitability,appear to show a more distinct relationship between the Islamic bank dummy and that of commercial banks. When using the ROE, however, no significant difference was found between the two banks. When the factors influencing profitability were determined, strong correlation was found between the profitability of both banks and factors, such as NIM (+), cost-to-income ratio (+), and domestic credit ratio over GDP (-). However, the total asset growth rate appeared to only influence the profitability of Islamic banks, while the non-performing loan ratio had a negative correlation with commercial banks. This analysis shows that there are more similarities as funding intermediaries than differences in Islamic and commercial banks when determining profitability. Moreover, it can be implied that cost-efficiency and NIM (commission and fee income plus other revenue) are important factors influencing the profitability of Islamic banks as well.

Abstract

The objective of this paper is to verify whether the differences between Islamic banks and commercial banks shown in previous research remain the same in terms of profitability, and to examine how the factors determining probability are different for both. To fulfill the purpose stated above, 33 Islamic banks and 47 commercial banks in six GCC countries have been examined to analyze differences in profitability and factors determining probability using the random effect model from 1996 to 2007. As a result, the ROA and NIM, which are used as proxies for profitability,appear to show a more distinct relationship between the Islamic bank dummy and that of commercial banks. When using the ROE, however, no significant difference was found between the two banks. When the factors influencing profitability were determined, strong correlation was found between the profitability of both banks and factors, such as NIM (+), cost-to-income ratio (+), and domestic credit ratio over GDP (-). However, the total asset growth rate appeared to only influence the profitability of Islamic banks, while the non-performing loan ratio had a negative correlation with commercial banks. This analysis shows that there are more similarities as funding intermediaries than differences in Islamic and commercial banks when determining profitability. Moreover, it can be implied that cost-efficiency and NIM (commission and fee income plus other revenue) are important factors influencing the profitability of Islamic banks as well.

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