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Register a new userThe Developmental Role of Islamic Banks Operating in Syria "Analytical Study"
الدور التنموي للمصارف الإسلامية العاملة في سورية "دراسة تحليلية"
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منى لطفي بيطار( باحث )
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تهدف الدراسة إلى تحليل الدور التنموي للمصارف الإسلامية العاملة في سورية. و لتحقيق هذا الهدف تم حساب مجموعة من المؤشرات المالية المتعلقة بالمصارف الإسلامية موضوع الدراسة (بنك الشام، بنك سورية الدولي الإسلامي، و بنك البركة) و المتعلقة بقدرة هذه المصارف على جذب المدخرات، توظيف الموارد، خلق قيمة مضافة، و قدرتها على توفير فرص العمل.
The study aims to analyze the developmental role of Islamic banks operating in Syria. To achieve this goal has been set of financial indicators relating to Islamic banking under study account (Sham Bank, Syria International Islamic Bank, Al Baraka Bank) relating to the ability of these banks to attract savings, employment of resources, creating value, and its ability to create jobs.
References used
Sarwer, Saleh; Ramzan, Muhammad; and Ahmad, Waqar (2013) .Does Islamic Banking System Contributes to Economy Development. Global Journal of Management and Business Research. Vol.13 (2), 61-68
Somashakar, N.T (2006). Development Economics (Including Environmental Concepts). (2nd Edition). New Age Publishers
El-Ghatties, Nedal (2011). Islamic Baking's Role In Economic Development: Future Outlook. Bahrain: Bahrain Institute of Banking and Finance
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Islamic banks were created as an Islamic alternative to traditional banks. Hence, the existence of legitimate oversight is considered necessary to Islamic banks. The importance of Shari'ah control is related to its role in a legitimate banking provis
ions, and ensuring the Bank's commitment, to ensure all transactions are in accordance with the Islamic Shari'ah, and thus ensures the integrity and credibility of Islamic banks.
From these importance, this research deals with the Shari'ah control in Islamic banking and its role in evaluating the performance according to the Shari'ah. The concept of Shari'ah control, its structure, stages, and problems were studied. Then the Shari'ah control in Syria and its role in adjust the performance of Islamic banks was evaluated by a set of appropriate standards. At the end, the research drew a set of conclusions and recommendations.
One of the most important conclusions is that, the Shari'ah control board in Islamic banks in Syria has many features that enable them to perform its role in controlling and evaluating the work of the Islamic banks in terms of Shari'ah. Through the form and composition of the Commission, having a degree of administrative and financial autonomy, mandatory resolutions, and the nature of the tasks entrusted to it. As a result, Shari'ah control boards in Islamic banks in Syria are considered to be in line with their goal of ensuring full adherence to Islamic Shari'ah. One of the most important recommendations is that, working to avoid shortcomings and deficiencies, providing more features and requirements for activation of Shari'ah control, and enabling it to adjust and correct performance of the Islamic banks.
The study aims to evaluate the financial performance of Islamic banks in Syria by
using financial ratios during the periods (2009_2015), and study the factors affecting on
financial performance of those banks.
This was based on studying the relati
onship between financial performance
evaluation as dependent variable measured by (return on assets, return on equity, return on
deposits, and earnings per share) and the following independent variables (deposits,
investment, liquidity and risk, profitability, and crisis in Syria).
The study employed the methods of Panel Data through estimating Pooled
Regression and Fixed Effects Models.
The study concluded that there is a significant positive relation between the
investment and the bank financial performance evaluation. There is a significant negative
relation between the profitability and the bank financial performance evaluation. And there
is no significant relation between (the deposits, the liquidity and risk, the crises) and the
financial performance evaluation in Islamic banks in Syria.
This research aims to study the problem of liquidity excess، so it considers from the important problem that is facing the Islamic banks especially in this obstacles:
1- Modernity time of Islamic banks.
2- littleness of financial tools that used to
manage the liquidity in Islamic banks.
3- Nonexistence Law are fitting with targets and field of activity of Islamic banks.
And It is done that through knowing the liquidity in these banks and the tools used to manage the liquidity، inside to the best Islamic financial tools that Islamic banks are able to use in manage the liquidity.
Islamic banks face many contemporary challenges due to the international events,
global transformations, and the attempt to restrict the growth and expansion of Islamic
banks and its extension across the whole world, as well as errors and illegal a
nd banking
breaches that some Islamic banks has committed.
This situation makes it imperative for all the stakeholders, first and foremost the
Committee of Sharia in these banks, and the control exercised by central banks to Islamic
and conventional banks is a paramount, and that such control has increased the efficiency
of Islamic banks. It did not take into account the working conditions of these banks subject
to the provisions of Islamic law (Sharia). Hence, this research is to learn how to exercise
control over the Islamic banks in Syria. The researcher addressed the types of control on
Islamic banks in Syria represented by the internal control and supervision of the Central
Bank and the Shari'a. The researcher presented at the end of this research a set of
conclusions: there are significant differences between the banking control methods
imposed on Commercial and Islamic banks, as well as the existence of legal supervision of
Islamic banks is necessary to ensure that the provisions of the Islamic law.
Eventually, the researcher concludes a set of proposals and recommendations,
including: the need to develop qualitative and quantitative methods to control the work of
the Islamic banks to achieve desired control objectives in improving the performance of
Islamic banks, as well as the need to allocate a separate department within the Central
Bank of Syria, to carry out inspection and control of Islamic banks, while providing the
Department with trained and qualified human resources on Islamic banking.
Bank credit is exposed to a range of risks resulting in credit default and the
customer's inability to meet its obligations to the bank since the process of
granting credit it is in accordance with the process of acceptance deposits
provided that the credit provide granted with the terms of the deposit granted.
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