The purpose of this thesis is to study the impact of the diversification on the performance and the risks of Islamic banks. We are particularly interested in two types of diversification: diversification of activities and diversification of the financing techniques. Our study is divided into two parts. The first chapter of Part One presents a literature review of the concept of diversification. This literature suggests that there is a debate among researchers about this concept. Some argue that diversification increase the performance and reduce the risks of banks.
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The purpose of this thesis is to study the impact of the diversification on the performance and the risks of Islamic banks. We are particularly interested in two types of diversification: diversification of activities and diversification of the financing techniques.
Our study is divided into two parts. The first chapter of Part One presents a literature review of the concept of diversification.
This literature suggests that there is a debate among researchers about this concept. Some argue that diversification increase the performance and reduce the risks of banks. However, many studies claim that the establishment of the diversification is necessarily accompanied by a considerable increase in costs.
In the second chapter, we analyze the emergence of Islamic finance worldwide. We first examine the main theoretical underpinnings of this finance. Then we focus on the emergence of these Islamic banks and analyze their economic model.
In the last section, we study the issue of diversification in these institutions. We find that Islamic banks are currently fairly concentrated. However, this situation has been denounced by the Scholars who encourage these banks to diversify further their portfolios of activities, sectors, financing techniques to be more in line with the objectives of the Islamic finance.
In the second part, we analyze the relationship between diversification and the performance of Islamic banks, according to two different axes: the activity diversification and the diversification of the Islamic financing contracts.
In the first chapter, we find that the Malaysian Islamic banks were diversified. The RAROC analysis shows that the retail and commercial activity is the best activity, which contributes the most to the performance of these banks.
Our study also discusses the activity diversification by analyzing the efficient frontier and the optimal portfolios. We find that the banks of our sample should be specialized in order to maximize returns and minimize risks. These recommendations followed, in most cases, the current strategies of these Islamic banks. In the second chapter, we analyze a specific issue of Islamic banks: the diversification of their financing techniques.
We found that Islamic banks are currently highly concentrated around the technique of Murabaha. However, the analysis of optimal portfolios and efficient frontier, suggests that diversification of these modes of financing would be more profitable for banks.
Finally, in the third chapter, we analyze the Islamic private equity and find that this concept may be the ideal response to the lack of diversification of Islamic banks. We support this analysis by studying the case of Al Rajhi Bank, the second largest Islamic bank in the world.
ABDELWAHED OMRI PDF
Abstract The proliferation of accounting scandals has prompted the need to improve the relevance of financial reporting by setting up good governance structures. The relationship between corporate governance and information quality has been strongly debated in the context of developed countries. It is only recently that attention turned to the study of governance and financial disclosure in emerging countries. In this paper, we examine the effect of the governance mechanisms on the financial reporting quality for a sample of Tunisian firms. Specifically, we focus on the characteristics of the board of directors and the ownership structure of the firms listed on the Tunis Stock Exchange during the period —
Fundamental of Investment. Buku Pintar Pasar Modal Indonesia. Jakarta: Media Staff Indonesia. Arsintadiani, D dan Harsono, M.
Earnings quality and abrelwahed of equity capital: Nouvelles citations des articles de cet auteur. English Choose a language for shopping. To link different versions of the same imri, where versions have a different title, use this form. Shopbop Designer Fashion Brands. Journal of Applied Business Research 31 2, Liposomes are one of the most versatile biochemical tools. Impact of liquidity on stock returns: Liposomes have the capability to incorporate selected bioactive biologicals and adjuvant molecules and potentiate their efficacy and minimize their toxicity. A special focus on the site-specific targeting, controlled release, drug resistance, pharmacokinetic, pharmacodynamic, metabolism and toxicity of free and liposome-encapsulated biological active agents.