Performance of Islamic and conventional banks in Nigeria : a comparative study
Joint Authors
Abidemi, Wasiu Aminat
al-Mawla, Ibrahim Fuad
Source
Journal of Science and Technology : in Economic Sciences
Issue
Vol. 17, Issue 2 (31 Dec. 2016), pp.180-195, 16 p.
Publisher
Sudan University of Science and Technology Deanship of Scientific Research
Publication Date
2016-12-31
Country of Publication
Sudan
No. of Pages
16
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
Abstract EN
The aim of this research is to compare the financial performances of the first Islamic bank in Nigeria, i.e.
JAIZ bank Plc, and conventional banks to provide the stakeholder, depositors, bank managers, and investors with a clear picture about Islamic Finance; as well as the financial position of both Islamic and conventional banks in Nigeria.
The study examined and compared the performance of Islamic and conventional banks in Nigeria during the period of 2012-2013 by using financial ratios, which had been collected from the banks’ financial statements on bank of Nigeria website.
The study found that JAIZ bank is less profitable, more solvent (less risky), and less efficient compared to the conventional bank (ACCESS); but more efficient in terms of its operations.
The reasons are due to the facts that conventional banks in Nigeria have longer history and experience in doing banking business and hold dominating position in the financial sector with their large share in the overall financial assets of Nigeria, as compared to Islamic banks, which in true sense, started and incorporated few years back.
The study conclusively revealed that Islamic banking proved to be more satisfactory in future if all challenges are been taking care of.
American Psychological Association (APA)
Abidemi, Wasiu Aminat& al-Mawla, Ibrahim Fuad. 2016. Performance of Islamic and conventional banks in Nigeria : a comparative study. Journal of Science and Technology : in Economic Sciences،Vol. 17, no. 2, pp.180-195.
https://search.emarefa.net/detail/BIM-754206
Modern Language Association (MLA)
Abidemi, Wasiu Aminat& al-Mawla, Ibrahim Fuad. Performance of Islamic and conventional banks in Nigeria : a comparative study. Journal of Science and Technology : in Economic Sciences Vol. 17, no. 2 (2016), pp.180-195.
https://search.emarefa.net/detail/BIM-754206
American Medical Association (AMA)
Abidemi, Wasiu Aminat& al-Mawla, Ibrahim Fuad. Performance of Islamic and conventional banks in Nigeria : a comparative study. Journal of Science and Technology : in Economic Sciences. 2016. Vol. 17, no. 2, pp.180-195.
https://search.emarefa.net/detail/BIM-754206
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 194-195
Record ID
BIM-754206