دور الصكوك في تعزيز الدور التنموي للمصارف الاسلامية : دراسة تطبيقية مقارنة

Abstract EN

This study aimed to explain the role of Islamic Sukuk in enhancing the developmental role of Islamic banks; a comparative applied study on Dubai Islamic Bank and Al Rajhi Bank.

The study used a descriptive analysis approach, and relied on the published reports of the Islamic Capital Market and the Islamic Financial Services Board for the period 2001 to 2018.

The study main results indicated the existence of a significant weakness in the rates of investment in Sukuk at Al Rajhi Bank, where they did not exceed 1% during the period 2008 to 2016.

Moreover, the bank relied heavily on bank securitization as a financing mode that controls 73-77% of the size of finance.

Alternatively, the situation in Dubai Bank is better than Al Rajhi Bank, both in terms of the size of the Sukuk, or in terms of the diversity of modes of finance.

Accordingly, the size of the Sukuk in the bank ranged from 11% to 18% during the study period.

Concerning diversity, the bank is practicing its finance activities through eight different modes.

These results confirm that the policy of the leadership of the banks determines the size and type of development role that it is interested in.

In the light of the study findings, the study recommended that the banking supervisory authorities to set maximum limits for each financing mode in order to push banks to diversify and develop their financing and investment services.