Islamic Banking and Economic Growth: A Panel Data Approach

Abbas, A., Nisar, Q. A., Mahmood, M. A. H., Chenini, A., & Zubair, A. (2020). The role of Islamic marketing ethics towards customer satisfaction. Journal of Islamic Marketing, 11(4), 1001–1018. Retrieved from https://doi.org/10.1108/JIMA-11-2017-0123

Abdo, K. K. (2023). The effect of external economic variables on the conventional banks and Islamic banks financial performance in Jordan: a comparative study. Journal of Sustainable Finance and Investment, 13(1), 229–247. Retrieved from https://doi.org/10.1080/20430795.2021.1891785

Abduh, M., Omar, M. A., & Duasa, J. (2011). The impact of crisis and macroeconomic variables towards Islamic banking deposits. American Journal of Applied Sciences, 8(12), 1413–1418. Retrieved from https://doi.org/10.3844/ajassp.2011.1413.1418

Abrorov, S., & Imamnazarov, J. (2021). Islamic Fintech Instruments: New Opportunities for Digital Economy of Uzbekistan. ACM International Conference Proceeding Series, 663–667. Retrieved from https://doi.org/10.1145/3508072.3508203

Abusharbeh, M. (2020). Determinants of Islamic bank financing in the Middle East: Vector Error Correction Model (VECM). In Investment Management and Financial Innovations (Vol. 17, Issue 4, pp. 285–298). LLC CPC Business Perspectives. Retrieved from https://doi.org/10.21511/imfi.17(4).2020.25

Adelopo, I., Vichou, N., & Cheung, K. Y. (2022). Capital, liquidity, and profitability in European banks. Journal of Corporate Accounting and Finance, 33(1), 23–35. Retrieved from https://doi.org/10.1002/jcaf.22522

Afzal, A., Mirza, N., & Arshad, F. (2021). Market discipline in South Asia: Evidence from commercial banking sector. International Journal of Finance and Economics, 26(2), 2251–2262. Retrieved from https://doi.org/10.1002/ijfe.1904

Akhter, N. (2023). Determinants of commercial bank’s non-performing loans in Bangladesh: An empirical evidence. Cogent Economics and Finance, 11(1). Retrieved from https://doi.org/10.1080/23322039.2023.2194128

Al-Harbi, A. (2019). The determinants of conventional banks profitability in developing and underdeveloped OIC countries. Journal of Economics, Finance and Administrative Science, 24(47), 4–28. Retrieved from https://doi.org/10.1108/JEFAS-05-2018-0043

Al-Homaidi, E. A., Tabash, M. I., & Ahmad, A. (2020). The profitability of islamic banks and voluntary disclosure: empirical insights from Yemen. Cogent Economics and Finance, 8(1). Retrieved from https://doi.org/10.1080/23322039.2020.1778406

Alaali, F. (2020). The effect of oil and stock price volatility on firm level investment: The case of UK firms. Energy Economics, 87. Retrieved from https://doi.org/10.1016/j.eneco.2020.104731

Albusheekh Saleh, I. A. M., & Alaallah, A. A. (2022). The Impact of Financial and Economic Indicators on the Financial Performance of Islamic Banks in Qatar. Cuadernos de Economia, 45(128), 71–77. Retrieved from https://doi.org/10.32826/cude.v1i128.708

Ali, M. A., Shuib, M. S., & Nor, A. M. (2021). Protection of bank’s wealth: How is islamic banks’s financial performance affected by asset quality and operational efficiency. Universal Journal of Accounting and Finance, 9(4), 745–756. Retrieved from https://doi.org/10.13189/ujaf.2021.090420

Ali, S. A. S., Eldaw, K. E. H. I., Alsmadi, M. K., & Almarashdeh, I. (2019). Determinants of deposit of commercial banks in Sudan: An empirical investigation (1970–2012). International Journal of Electronic Finance, 9(3), 230–255. Retrieved from https://doi.org/10.1504/IJEF.2019.099066

Aljughaiman, A. A., Cao, N. D., Trinh, V. Q., Albarrak, M., & Vo, X. V. (2023). Does gender diversity affect financial strength differently in conventional and Islamic banks? Evidence from MENA countries. Pacific Basin Finance Journal, 80. Retrieved from https://doi.org/10.1016/j.pacfin.2023.102095

Allah Pitchay, A. B., Mohd Thas Thaker, M. A. B., Azhar, Z., Mydin, A. A., & Mohd Thas Thaker, H. B. (2020). Factors persuade individuals’ behavioral intention to opt for Islamic bank services: Malaysian depositors’ perspective. Journal of Islamic Marketing, 11(1), 234–250. Retrieved from https://doi.org/10.1108/JIMA-02-2018-0029

Almulhim, A. A., & Aljughaiman, A. A. (2023). Corporate Sustainability and Financial Performance: The Moderating Effect of CEO Characteristics. Sustainability (Switzerland), 15(16). Retrieved from https://doi.org/10.3390/su151612664

Alqahtani, F., & Mayes, D. G. (2018). Financial stability of Islamic banking and the global financial crisis: Evidence from the Gulf Cooperation Council. Economic Systems, 42(2), 346–360. Retrieved from https://doi.org/10.1016/j.ecosys.2017.09.001

Amrani, O., & Najab, A. (2023). The Impact of Multi-Layer Corporate Governance on Banks’ Performance under the GFC and the COVID-19: A Cross-Country Panel Analysis Approach. Journal of Risk and Financial Management, 16(1). Retrieved from https://doi.org/10.3390/jrfm16010015

Anas, M., Gulzar, I., Tabash, M. I., Ahmad, G., Yazdani, W., & Alam, M. F. (2023). Investigating the Nexus between Corporate Governance and Firm Performance in India: Evidence from COVID-19. Journal of Risk and Financial Management, 16(7). Retrieved from https://doi.org/10.3390/jrfm16070307

Antony, T. M. (2023). Determinants of liquidity risk: Empirical evidence from Indian commercial banks. Banks and Bank Systems, 18(3), 101–111. Retrieved from https://doi.org/10.21511/BBS.18(3).2023.09

Appiah-Otoo, I., & Song, N. (2022). Finance-growth nexus: New insight from Ghana. International Journal of Finance and Economics, 27(3), 2682–2723. Retrieved from https://doi.org/10.1002/ijfe.2294

Aqel, S. (2022). Bank Specific and Macroeconomic Determinants of Liquidity: Evidence from Palestine. Montenegrin Journal of Economics, 18(1), 61–76. Retrieved from https://doi.org/10.14254/1800-5845/2022.18-1.5

Asif, R., Akhter, W., Zulfiqar, Z., & Fiaz, M. (2022). Does diversification affect financial stability? Evidence from Islamic and conventional banks. International Journal of Trade and Global Markets, 16(1–3), 178–192. Retrieved from https://doi.org/10.1504/ijtgm.2022.128135

Aslam, E., & Haron, R. (2020). Does corporate governance affect the performance of Islamic banks? New insight into Islamic countries. Corporate Governance (Bingley), 20(6), 1073–1090. Retrieved from https://doi.org/10.1108/CG-11-2019-0350

Awad, A. (2022). Evaluate the performance of the banks for the efficiency of managing financing risks according to the return on equity model (DuPont) (Palestinian Islamic banks case study). An-Najah University Journal for Research - B (Humanities), 36(12), 2677–2724. Retrieved from https://doi.org/10.35552/0247-036-012-006

Awwad, M. S., & Al-Qaissi, B. A. (2023). The Impact of Social Responsibility Costs on Financial Performance of Jordanian Banks. Jordan Journal of Business Administration, 19(1), 1–21. Retrieved from https://doi.org/10.35516/jjba.v19i1.739

Azzam, A., & Rettab, B. (2022). Comparative tfp growth between gcc conventional and islamic banks before and after the 2008 financial crisis. Singapore Economic Review, 67(1), 289–308. Retrieved from https://doi.org/10.1142/S0217590820420047

Barik, S. S., & Raje, N. (2019). Net Interest Margins of Banks in India. Margin, 13(2), 192–207. Retrieved from https://doi.org/10.1177/0973801018812545

Basuony, M. A., Mohamed, E. K. A., & Al-Baidhani, A. M. (2014). The effect of corporate governance on bank financial performance: Evidence from the Arabian Peninsula. Corporate Ownership and Control, 11(2 B), 178–191. Retrieved from https://doi.org/10.22495/cocv11i2c1p3

Batrancea, L. M., Balcı, M. A., Chermezan, L., Akgüller, O., Masca, E. S., & Gaban, L. (2022). Sources of SMEs Financing and Their Impact on Economic Growth across the European Union: Insights from a Panel Data Study Spanning Sixteen Years. Sustainability (Switzerland), 14(22). Retrieved from https://doi.org/10.3390/su142215318

Belal, A. R., Mazumder, M. M. M., & Ali, M. (2019). Intellectual capital reporting practices in an Islamic bank: A case study. Business Ethics, 28(2), 206–220. Retrieved from https://doi.org/10.1111/beer.12211

Belkhaoui, S. (2023). Banking system and economic growth linkages in MENA region: complementarity and substitutability between Islamic and conventional banking. Journal of Islamic Accounting and Business Research, 14(2), 267–288. Retrieved from https://doi.org/10.1108/JIABR-03-2021-0091

Ben Moussa, M. A. (2015). The determinants of bank liquidity: Case of Tunisia. International Journal of Economics and Financial Issues, 5(1), 249–259. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0-84979802390&partnerID=40&md5=9eef884e834261d7f2cdf1862b43b456

Bernard Azolibe, C. (2022). Banking Sector Intermediation Development and Economic Growth: Evidence from Nigeria. Journal of African Business, 23(3), 757–774. Retrieved from https://doi.org/10.1080/15228916.2021.1926857

Bilal, M., Fatima, S., Ishtiaq, M., & Azeem, H. M. (2020). Factors affecting the choice of Islamic banking by SMEs in Pakistan: Implications for Islamic banks’ corporate governance. Pakistan Journal of Commerce and Social Science, 14(1), 255–272. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0-85084253073&partnerID=40&md5=a2e7d9bab6409586e17703a5fa52c409

Biru, A. M. (2021). Determinants Of Financial Performance Of Private Commercial Banks In Ethiopia. Academy of Accounting and Financial Studies Journal, 25(4), 1–17. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0-85115788585&partnerID=40&md5=14d7d23cb6d6756685ea7abf35663fc0

Bolarinwa, S. T., Akinyele, O., & Vo, X. V. (2021). Determinants of nonperforming loans after recapitalization in the Nigerian banking industry: Does efficiency matter? Managerial and Decision Economics, 42(6), 1509–1524. Retrieved from https://doi.org/10.1002/mde.3323

Boukhatem, J., & Djelassi, M. (2022). The bank-lending channel of monetary policy transmission in a dual banking system : empirical evidence from panel VAR modeling The bank-lending channel of monetary policy transmission in a dual banking system : empirical evidence from panel VAR modeling. Cogent Economics & Finance, 10(1). Retrieved from https://doi.org/10.1080/23322039.2022.2107765

Buallay, A. (2019). Corporate governance, Sharia’ah governance and performance: A cross-country comparison in MENA region. International Journal of Islamic and Middle Eastern Finance and Management, 12(2), 216–235. Retrieved from https://doi.org/10.1108/IMEFM-07-2017-0172

Burhanudin, B. (2022). The effect of Muslims’ tendency to regret being customers of conventional banks on their intention to save money in Islamic banks. Journal of Islamic Marketing, 13(5), 1050–1068. Retrieved from https://doi.org/10.1108/JIMA-03-2020-0074

Butt, H. A., Sadaqat, M., & Shear, F. (2023). Does Islamic financial development foster economic growth? International evidence. Journal of Islamic Accounting and Business Research, 14(6), 1013–1029. Retrieved from https://doi.org/10.1108/JIABR-10-2022-0267

Charoenrat, T., & Amornkitvikai, Y. (2021). Factors Affecting the Export Intensity of Chinese Manufacturing Firms. Global Business Review. Retrieved from https://doi.org/10.1177/09721509211000207

Chowdhury, E. K., Dhar, B. K., Thanakijsombat, T., & Stasi, A. (2022). Strategies to determine the determinants of financial performance of conventional and Islamic commercial banks: Evidence from Bangladesh. Business Strategy and Development, 5(4), 405–423. Retrieved from https://doi.org/10.1002/bsd2.207

Coleman, M., & Wu, M. (2020). Combination of Ant Colony Optimization and K-nearest Neighbours: The Influence of Working Capital Management on Corporate Performance. Management and Labour Studies, 45(4), 395–415. Retrieved from https://doi.org/10.1177/0258042X20939025

Đaković, M., Milenković, N., & Andrašić, J. (2023). Determinants Of Banks’ Net Interest Income - The Example Of Serbia. Ekonomika , 69, 25–37. Retrieved from https://doi.org/10.5937/ekonomika2301025D

Dao, B. T. T., & Nguyen, K. A. (2020). Bank capital adequacy ratio and bank performance in Vietnam: A simultaneous equations framework. Journal of Asian Finance, Economics and Business, 7(6), 39–46. Retrieved from https://doi.org/10.13106/JAFEB.2020.VOL7.NO6.039

de Barros, L. A. B. C., dos Santos Silva, C. K., & de Freitas Oliveira, R. (2021). State presence in the credit market: State-owned banks and earmarked credit in the 2008 crisis. Revista Contabilidade e Financas, 32(87), 461–475. Retrieved from https://doi.org/10.1590/1808-057X202108930

Dimand, R. W. (2018). Dueling presidential addresses: The Keynesian response to Milton Friedman’s «the role of monetary policy». History of Economic Ideas, 26(3), 123–143. Retrieved from https://doi.org/10.19272/201806103006

Dolgun, M. H., Mirakhor, A., & Ng, A. (2019). A proposal designed for calibrating the liquidity coverage ratio for Islamic banks. ISRA International Journal of Islamic Finance, 11(1), 82–97. Retrieved from https://doi.org/10.1108/IJIF-03-2018-0033

Doruk, Ö. T. (2023). Does Islamic banking reduce the risks of COVID-19 for SMEs? Novel evidence for SME financing in the pandemic period for an emerging market. International Journal of Disaster Risk Reduction, 91. Retrieved from https://doi.org/10.1016/j.ijdrr.2023.103664

Fakhrunnas, F., Tumewang, Y. K., & Anto, M. B. H. (2021). The impact of inflation on Islamic banks’ home financing risk: Before and during the COVID-19 outbreak. Banks and Bank Systems, 16(2), 78–90. Retrieved from https://doi.org/10.21511/bbs.16(2).2021.08

Farooq, M. O., Miah, M. D., Kabir, M. N., & Hassan, M. K. (2023). The impact of banks’ capital buffer on equity return: evidence from Islamic and conventional banks of GCC countries. Journal of Islamic Accounting and Business Research. Retrieved from https://doi.org/10.1108/JIABR-08-2022-0218

Fitri, C. D., Maulana, H., & Amri, K. (2020). Effect of inflation on total deposits and financing of sharia commercial banks: A monthly data evidence from Indonesia. Regional Science Inquiry, 12(1), 103–114. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0-85116623114&partnerID=40&md5=c460a8648d10183c7b29c7e9ad1957b1

Fitri, F. A., Syukur, M., Majid, M. S. A., Farhana, I., & Hatta, F. (2022). Do intellectual capital and financing matter for the profitability of the Islamic banking industry in Indonesia? International Journal of Monetary Economics and Finance, 15(3), 293–308. Retrieved from https://doi.org/10.1504/ijmef.2022.126888

Ganguly, S. (2021). Financialization of the Real Economy: New Empirical Evidence from the Non-financial Firms in India Using Conditional Logistic Model. In Journal of Quantitative Economics (Vol. 19, Issue 3). Springer India. Retrieved from https://doi.org/10.1007/s40953-021-00242-2

Gómez, G., Mena, A., & López, R. B. (2021). Study of the determinant factors of the growth of municipal savings and credit cooperatives in Peru. Contaduria y Administracion, 64(3), 1–18. Retrieved from https://doi.org/10.22201/FCA.24488410E.2018.1596

Goswami, R., Hussain, F., & Kumar, M. (2019). Banking Efficiency Determinants in India: A Two-stage Analysis. Margin, 13(4), 361–380. Retrieved from https://doi.org/10.1177/0301574219868373

Grassa, R., El-Halaby, S., & Khlif, H. (2023). Shariah board characteristics and Islamic banks’ performance: a meta-analysis. International Journal of Islamic and Middle Eastern Finance and Management. Retrieved from https://doi.org/10.1108/IMEFM-10-2022-0392

Gujarati, D., & Porter, D. (2009). Basic Econometrics. In Basic Econometrics (4^th Ed.). Columbus, Ohio: McGraw-Hill.

Gupta, N., & Mahakud, J. (2020). Ownership, bank size, capitalization and bank performance: Evidence from India. Cogent Economics and Finance, 8(1). Retrieved from https://doi.org/10.1080/23322039.2020.1808282

Gutiérrez-Ponce, H., & Wibowo, S. A. (2023). Do Sustainability Activities Affect the Financial Performance of Banks? The Case of Indonesian Banks. Sustainability (Switzerland), 15(8). Retrieved from https://doi.org/10.3390/su15086892

Halim, M. A., Moudud-Ul-Huq, S., Sobhani, F. A., Karim, Z., & Nesa, Z. (2023). The Nexus of Banks’ Competition, Ownership Structure, and Economic Growth on Credit Risk and Financial Stability. Economies, 11(8). Retrieved from https://doi.org/10.3390/economies11080203

Handayani, Y. I., Fadah, I., & Utami, E. S. (2020). The moderating role of corporate social responsibility in determining islamic bank margin. Jurnal Ekonomi Malaysia, 54(1), 97–110. Retrieved from https://doi.org/10.17576/JEM-2020-5401-7

Hasan, M. B., Raza Rabbani, M., Sarker, T., Akter, T., & Hasan, S. M. (2023). Role of risk disclosure on creditworthiness and driving forces of risk disclosure of banks: Islamic vs conventional banks. International Journal of Islamic and Middle Eastern Finance and Management, 16(5), 892–909. Retrieved from https://doi.org/10.1108/IMEFM-01-2022-0008

Hati, S. R. H., Wibowo, S. S., & Safira, A. (2020). The antecedents of Muslim customers’ intention to invest in an Islamic bank’s term deposits: evidence from a Muslim majority country. Journal of Islamic Marketing, 12(7), 1363–1384. Retrieved from https://doi.org/10.1108/JIMA-01-2020-0007

Hernawati, E., Hadi, A. R. A., Aspiranti, T., & Rehan, R. (2021). Non-Performing Financing among Islamic Banks in Asia-Pacific Region. Cuadernos de Economia, 44(126), 1–9. Retrieved from https://doi.org/10.32826/cude.v1i126.501

Hidayat, S. E., Sakti, M. R. P., & Al-Balushi, R. A. A. (2021). Risk, efficiency and financial performance in the GCC banking industry: Islamic versus conventional banks. Journal of Islamic Accounting and Business Research, 12(4), 564–592. Retrieved from https://doi.org/10.1108/JIABR-05-2020-0138

Hoque, M. N., Rahman, M. K., Said, J., Begum, F., & Hossain, M. M. (2022). What Factors Influence Customer Attitudes and Mindsets towards the Use of Services and Products of Islamic Banks in Bangladesh? Sustainability (Switzerland), 14(8). Retrieved from https://doi.org/10.3390/su14084703

Ibrahim, Z., Effendi, N., Budiono, B., & Kurniawan, R. (2022). Determinants of profit and loss sharing financing in Indonesia. Journal of Islamic Marketing, 13(9), 1918–1939. Retrieved from https://doi.org/10.1108/JIMA-01-2020-0015

Jadah, H. M., Alghanimi, M. H. A., Al-Dahaan, N. S. H., & Al-Husainy, N. H. M. (2020). Internal and external determinants of Iraqi bank profitability. Banks and Bank Systems, 15(2), 79–93. Retrieved from https://doi.org/10.21511/bbs.15(2).2020.08

Kamarudin, F., Mohamad Anwar, N. A., Md. Nassir, A., Sufian, F., Tan, K. M., & Iqbal Hussain, H. (2022). Does country governance and bank productivity Nexus matters? Journal of Islamic Marketing, 13(2), 329–380. Retrieved from https://doi.org/10.1108/JIMA-05-2019-0109

Kantharia, N. J., & Biradar, J. (2023). What influence the performance of banks? Evidence from public sector banks in India. Journal of Indian Business Research, 15(1), 23–39. Retrieved from https://doi.org/10.1108/JIBR-04-2022-0112

Khalaf, B. A., & Alajlani, S. (2021). Portfolio Lending Strategy and Banks Performance in Jordan: What to Do? Academy of Accounting and Financial Studies Journal, 25(3), 1–11. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0-85106589789&partnerID=40&md5=3b529566b84a66e4d66fd5bd23d517ae

Khan, M. A., & Ibrahim, Y. (2022). Islamic Finance, Financial Deepening and Economic Growth: Evidence from Twelve OIC Member Countries. Journal of Economic Cooperation and Development, 43(4), 163–192. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0-85158887288&partnerID=40&md5=1db51e354b9e22ace4c66204b37ce8ac

Khan, S. N. (2023). How bank-specific factors affect access to financing for small and medium enterprises: Evidence from an emerging economy. International Journal of Finance and Economics. Retrieved from https://doi.org/10.1002/ijfe.2771

Khan, T. (2019). Reforming Islamic finance for achieving sustainable development goals. Journal of King Abdulaziz University, Islamic Economics, 32(1), 3–21. Retrieved from https://doi.org/10.4197/Islec.32-1.1

Khan, T., & Badjie, F. (2022). Islamic blended finance for circular economy impactful smes to achieve sdgs. Singapore Economic Review, 67(1), 219–244. Retrieved from https://doi.org/10.1142/S0217590820420060

Khasharmeh, H. (2018). Does liquidity influence profitability in Islamic banks of Bahrain: An empirical study? International Journal of Financial Research, 9(2), 236–248. Retrieved from https://doi.org/10.5430/ijfr.v9n2p236

Khatib, A. Y. A. L., Malahim, S. S., Khanji, I. M., & Jaradat, A. A. (2023). Examining the causal factors of banking achievements for Islamic banks in Jordanian Islamic banks: An analytical study. International Journal of Applied Economics, Finance and Accounting, 16(2), 264–273. Retrieved from https://doi.org/10.33094/ijaefa.v16i2.979

Khatri Chettri, K. (2022). Financial institutions depth and growth in Nepal: Sensitivity to the choice of depth proxy. Cogent Economics and Finance, 10(1). Retrieved from https://doi.org/10.1080/23322039.2022.2087288

Kismawadi, E. R. (2023a). Contribution of Islamic banks and macroeconomic variables to economic growth in developing countries: vector error correction model approach (VECM). Journal of Islamic Accounting and Business Research. Retrieved from https://doi.org/10.1108/JIABR-03-2022-0090

Kismawadi, E. R. (2023b). Improving Islamic bank performance through agency cost and dual board governance. Journal of Islamic Accounting and Business Research. Retrieved from https://doi.org/10.1108/JIABR-01-2023-0035

Kismawadi, E. R., Irfan, M., & Shah, S. M. A. R. (2023). Revolutionizing islamic finance: Artificial intelligence’s role in the future of industry. In The Impact of AI Innovation on Financial Sectors in the Era of Industry 5.0 (pp. 184–207). Retrieved from https://doi.org/10.4018/979-8-3693-0082-4.ch011

Kočenda, E., & Iwasaki, I. (2022). Bank survival around the world: A meta-analytic review. Journal of Economic Surveys, 36(1), 108–156. Retrieved from https://doi.org/10.1111/joes.12451

Kreamer, J. (2022). Financial intermediation and the supply of liquidity. Journal of Financial Stability, 61(May 2021), 101024. Retrieved from https://doi.org/10.1016/j.jfs.2022.101024

Kumar, V., & Bird, R. (2020). Do Profitable Banks Make a Positive Contribution to the Economy? Journal of Risk and Financial Management, 13(8). Retrieved from https://doi.org/10.3390/jrfm13080159

Kumar, V., Thrikawala, S., & Acharya, S. (2022). Financial inclusion and bank profitability: Evidence from a developed market. Global Finance Journal, 53. Retrieved from https://doi.org/10.1016/j.gfj.2021.100609

Ledhem, M. A., & Mekidiche, M. (2022). Islamic finance and economic growth: the Turkish experiment. ISRA International Journal of Islamic Finance, 14(1), 4–19. Retrieved from https://doi.org/10.1108/IJIF-12-2020-0255

Lee, L.-C., Lau, W.-Y., & Yip, T.-M. (2023). Do Environmental, Social and Corporate Governance Practices Enhance Malaysian Public-Listed Companies Performance? Institutions and Economies, 15(3), 5–32. Retrieved from https://doi.org/10.22452/IJIE.vol15no3.1

Li, L., & Strahan, P. E. (2021). Who Supplies PPP Loans (and Does It Matter)? Banks, Relationships, and the COVID Crisis. Journal of Financial and Quantitative Analysis, 56(7), 2411–2438. Retrieved from https://doi.org/10.1017/S0022109021000405

Li, X., & Wye, C.-K. (2023). The Effect of Investment in Education on China’s Economic Growth: The Role of Financial Development. Chinese Economy, 56(1), 69–87. Retrieved from https://doi.org/10.1080/10971475.2022.2058182

Louembé, P. A., Wang, M., & Rathnayake, D. N. (2023). Banking sector intermediation and economic growth: new evidence from CEMAC countries. Afro-Asian Journal of Finance and Accounting, 13(1), 22–40. Retrieved from https://doi.org/10.1504/AAJFA.2022.10051748

S. Anwar, S., Junaidi, J., Salju, S., Wicaksono, R., & Mispiyanti, M. (2020). Islamic bank contribution to Indonesian economic growth. International Journal of Islamic and Middle Eastern Finance and Management, 13(3), 519–532. Retrieved from https://doi.org/10.1108/IMEFM-02-2018-0071

Mabkhot, H., & Al-Wesabi, H. A. H. (2022). Banks’ Financial Stability and Macroeconomic Key Factors in GCC Countries. Sustainability (Switzerland), 14(23). Retrieved from https://doi.org/10.3390/su142315999

Maebayashi, N., & Tanaka, J. (2022). Limited asset market participation and fiscal sustainability. Journal of Economics/ Zeitschrift Fur Nationalokonomie, 137(1), 1–31. Retrieved from https://doi.org/10.1007/s00712-022-00776-w

Mahmood, H., Khalid, S., Waheed, A., & Arif, M. (2019). Impact of macro specific factor and bank specific factor on bank liquidity using fmols approach. Emerging Science Journal, 3(3), 168–178. Retrieved from https://doi.org/10.28991/esj-2019-01179

Mansour, W., Ajmi, H., & Saci, K. (2022). Regulatory policies in the global Islamic banking sector in the outbreak of COVID-19 pandemic. Journal of Banking Regulation, 23(3), 265–287. Retrieved from https://doi.org/10.1057/s41261-021-00147-3

Martens, W., Yapa, P., Safari, M., & Watts, S. (2021). The influence of earnings management on bank efficiency: the case of frontier markets. Heliyon, 7(10). Retrieved from https://doi.org/10.1016/j.heliyon.2021.e08232

Mateev, M., Moudud-Ul-Huq, S., & Nasr, T. (2021). Capital Regulation and Market Competition in the MENA Region: Policy Implications for Banking Sector Stability During COVID-19 Pandemic. Global Business Review. Retrieved from https://doi.org/10.1177/09721509211064442

Mateev, M., Moudud-Ul-Huq, S., & Sahyouni, A. (2022). Regulation, banking competition and risk-taking behavior in the MENA region: policy implications for Islamic banks. Journal of Islamic Accounting and Business Research, 13(2), 297–337. Retrieved from https://doi.org/10.1108/JIABR-01-2021-0009

Mennawi, A. N. A. (2020). The Impact of Liquidity, Credit, Financial Leverage Risks on Financial Performance of Islamic Banks: The Case of Sudanese Banking Sector. International Journal of Applied Economics, Finance and Accounting, 8(2), 73–83. Retrieved from https://doi.org/10.33094/8.2017.2020.82.73.83

Mensi, W., Hammoudeh, S., Tiwari, A. K., & Al-Yahyaee, K. H. (2020). Impact of Islamic banking development and major macroeconomic variables on economic growth for Islamic countries: Evidence from panel smooth transition models. Economic Systems, 44(1). Retrieved from https://doi.org/10.1016/j.ecosys.2019.100739

Mergaliyev, A., Asutay, M., Avdukic, A., & Karbhari, Y. (2021). Higher Ethical Objective (Maqasid al-Shari’ah) Augmented Framework for Islamic Banks: Assessing Ethical Performance and Exploring Its Determinants. Journal of Business Ethics, 170(4), 797–834. Retrieved from https://doi.org/10.1007/s10551-019-04331-4

Mohamad, A. A. S., Mohamad, M. T., & Arishin, S. S. A. (2018). Determinants of the asset structure of Malaysian Islamic Banks: A panel study. New Developments in Islamic Economics: Examples from Southeast Asia, 181–195. Retrieved from https://doi.org/10.1108/978-1-78756-283-720181012

Muhammad, R., & Nugraheni, P. (2021). The effect of internal factors on the mudharabah financing of Indonesian Islamic banks. Journal of Sustainable Finance and Investment. Retrieved from https://doi.org/10.1080/20430795.2021.1978917

Musa, H., Musova, Z., Natorin, V., Lazaroiu, G., & Boďa, M. (2021). Comparison of factors influencing liquidity of European Islamic and conventional banks. Oeconomia Copernicana, 12(2), 375–398. Retrieved from https://doi.org/10.24136/OC.2021.013

Musleh Alsartawi, A. (2019). Performance of Islamic banks: Do the frequency of Sharīʿah supervisory board meetings and independence matter? ISRA International Journal of Islamic Finance, 11(2), 303–321. Retrieved from https://doi.org/10.1108/IJIF-05-2018-0054

Mustapha, Z., Kunhibava, S. B., & Muneeza, A. (2021). Legal and Sharīʿah non-compliance risks in Nigerian Islamic finance industry: a review of the literature. International Journal of Law and Management, 63(2), 275–299. Retrieved from https://doi.org/10.1108/IJLMA-03-2020-0075

Naili, M., & Lahrichi, Y. (2022). Banks’ credit risk, systematic determinants and specific factors: recent evidence from emerging markets. Heliyon, 8(2). Retrieved from https://doi.org/10.1016/j.heliyon.2022.e08960

Neifar, M., & Gharbi, L. (2023). Stability and insolvency sensitivity to Tunisian bank specific and macroeconomic effects. Journal of Islamic Accounting and Business Research, 14(2), 339–359. Retrieved from https://doi.org/10.1108/JIABR-08-2021-0236

Nguyen, H., & Ryu, Y. (2022). Assessing the Performance of Vietnam’s Banks in the Era of Free Trade Agreements. Sustainability (Switzerland), 14(2). Retrieved from https://doi.org/10.3390/su14021014

Nomran, N. M., & Haron, R. (2022). Validity of zakat ratios as Islamic performance indicators in Islamic banking: a congeneric model and confirmatory factor analysis. ISRA International Journal of Islamic Finance, 14(1), 41–62. Retrieved from https://doi.org/10.1108/IJIF-08-2018-0088

Nugraheni, P., & Muhammad, R. (2023). The optimisation of Qardhul Hasan management in Islamic banking: enhancing its role in empowering the community. Journal of Enterprising Communities. Retrieved from https://doi.org/10.1108/JEC-08-2022-0113

Nurkhin, A., Wahyudin, A., Kholid, A. M., & Agustina, I. (2021). The effect of profitability, size and Shariah supervisory board of an Indonesian Islamic bank on the Islamic social reporting disclosure. Banks and Bank Systems, 16(3), 84–92. Retrieved from https://doi.org/10.21511/bbs.16(3).2021.08

Olubukola, O. A., Kudzanai, M., Shepard, M., Thomas, B., & Obert, S. (2021). Saving practices and economic performance: A Zimbabwean case 1980-2015. Asian Economic and Financial Review, 11(2), 118–128. Retrieved from https://doi.org/10.18488/JOURNAL.AEFR.2021.112.118.128

Ozdemir, O., Erkmen, E., & Han, W. (2023). EPU and financial performance in the hospitality and tourism industry: Moderating effect of CSR, institutional ownership and cash holding. Tourism Management, 98. Retrieved from https://doi.org/10.1016/j.tourman.2023.104769

Pham, H. N. (2021). How Does Internal Control Affect Bank Credit Risk in Vietnam? A Bayesian Analysis. Journal of Asian Finance, Economics and Business, 8(1), 873–880. Retrieved from https://doi.org/10.13106/jafeb.2021.vol8.no1.873

Phan, H. T., Anwar, S., Alexander, W. R. J., & Phan, H. T. M. (2019). Competition, efficiency and stability: An empirical study of East Asian commercial banks. North American Journal of Economics and Finance, 50. Retrieved from https://doi.org/10.1016/j.najef.2019.100990

Porto, R. B., Gomes Akitaya, P. B., & Oliveira, D. S. (2023). Country of brand origin positioning and financial performance: effects on internationalized companies from an emerging market. International Journal of Emerging Markets, 18(8), 1808–1826. Retrieved from https://doi.org/10.1108/IJOEM-11-2020-1423

Prasojo, P., Yadiati, W., Fitrijanti, T., & Sueb, M. (2022). Cross-Region Comparison Intellectual Capital and Its Impact on Islamic Banks Performance. Economies, 10(3). Retrieved from https://doi.org/10.3390/economies10030061

Prenaj, V., Imeraj, J., & Smajli, S. (2023). Albania and Kosovo with Development Potential, but Limited Support from the Banking Sector. International Journal of Sustainable Development and Planning, 18(5), 1377–1383. Retrieved from https://doi.org/10.18280/ijsdp.180507

Priyadi, U., Utami, K. D. S., Muhammad, R., & Nugraheni, P. (2021). Determinants of credit risk of Indonesian Sharīʿah rural banks. ISRA International Journal of Islamic Finance, 13(3), 284–301. Retrieved from https://doi.org/10.1108/IJIF-09-2019-0134

Qabajeh, M., Almajali, D., Natour, A. R. A., Alqsass, M., & Maali, H. (2023). The impact of operational risk on profitability: Evidence from banking sector in the MENA region. Uncertain Supply Chain Management, 11(4), 1459–1466. Retrieved from https://doi.org/10.5267/j.uscm.2023.7.023

Ricca, B., Ferrara, M., & Loprevite, S. (2023). Searching for an effective accounting-based score of firm performance: a comparative study between different synthesis techniques. Quality and Quantity, 57(4), 3575–3602. Retrieved from https://doi.org/10.1007/s11135-022-01522-6

Rizvi, S. A. R., Narayan, P. K., Sakti, A., & Syarifuddin, F. (2020). Role of Islamic banks in Indonesian banking industry: an empirical exploration. Pacific Basin Finance Journal, 62. Retrieved from https://doi.org/10.1016/j.pacfin.2019.02.002

Sadeghi, A., Tayebi, S. K., & Roudari, S. (2023). Financial markets, inflation and growth: The impact of monetary policy under different political structures. Journal of Policy Modeling, 45(5), 935–956. Retrieved from https://doi.org/10.1016/j.jpolmod.2023.08.003

Saif-Alyousfi, A. Y. H. (2022). FDI inflows and bank deposits: evidence from 18 MENA economies. Competitiveness Review, 32(6), 880–914. Retrieved from https://doi.org/10.1108/CR-05-2020-0078

Saif-Alyousfi, A. Y. H., & Saha, A. (2021). Determinants of banks’ risk-taking behavior, stability and profitability: evidence from GCC countries. International Journal of Islamic and Middle Eastern Finance and Management, 14(5), 874–907. Retrieved from https://doi.org/10.1108/IMEFM-03-2019-0129

Saleem, A., Sági, J., & Setiawan, B. (2021). Islamic financial depth, financial intermediation, and sustainable economic growth: ARDL approach. Economies, 9(2). Retrieved from https://doi.org/10.3390/economies9020049

Sari, S., Ajija, S. R., Wasiaturrahma, W., & Ahmad, R. A. R. (2022). The Efficiency of Indonesian Commercial Banks: Does the Banking Industry Competition Matter? Sustainability (Switzerland), 14(17). Retrieved from https://doi.org/10.3390/su141710995

Sathyamoorthi, C. R., Mbekomize, C. J., & Bakwenabatsile, L. (2023). Impact of cash conversion cycle on financial performance: an empirical study of listed companies in Botswana. Afro-Asian Journal of Finance and Accounting, 13(4), 415–433. Retrieved from https://doi.org/10.1504/AAJFA.2023.132956

Šeho, M., Bacha, O. I., & Smolo, E. (2020). The effects of interest rate on Islamic bank financing instruments: Cross-country evidence from dual-banking systems. Pacific Basin Finance Journal, 62. Retrieved from https://doi.org/10.1016/j.pacfin.2020.101292

Selim, M., & Hassan, M. K. (2020). Qard-al-Hasan-based monetary policy and the role of the central bank as the lender of last resort. Journal of Islamic Accounting and Business Research, 11(2), 326–345. Retrieved from https://doi.org/10.1108/JIABR-12-2017-0190

Setiawan, D., Adhariani, D., Harymawan, I., & Widodo, M. (2023). E-commerce and micro and small industries performance: The role of firm size as a moderator. Journal of Open Innovation: Technology, Market, and Complexity, 9(3). Retrieved from https://doi.org/10.1016/j.joitmc.2023.100142

Shaikh, S. A. (2023). Market development of Islamic banking in Pakistan and its economic impact. Journal of Islamic Accounting and Business Research. Retrieved from https://doi.org/10.1108/JIABR-02-2022-0028

Sharma, P. K., & Dhiman, B. (2023). Impact of Non-Performing Assets on Financial Performance of Selected Merged Indian Public Sector Banks. Indian Journal of Finance, 17(7), 54–69. Retrieved from https://doi.org/10.17010/ijf/2023/v17i7/172829

Sidaoui, M., Ben Bouheni, F., Arslankhuyag, Z., & Mian, S. (2022). Fintech and Islamic banking growth: new evidence. Journal of Risk Finance, 23(5), 535–557. Retrieved from https://doi.org/10.1108/JRF-03-2022-0049

Siddique, M. A., Haq, M., & Rahim, M. (2022). The contribution of Shariah-Compliant products to SDGs attending through the pace of economic growth: an empirical evidence from Pakistan. International Journal of Islamic and Middle Eastern Finance and Management, 15(4), 681–698. Retrieved from https://doi.org/10.1108/IMEFM-02-2020-0062

Sobol, I., Dopierała, Ł., & Wysiński, P. (2023). Is the profitability of Islamic and conventional banks driven by the same factors?—A study of banking in the Middle East. PLoS ONE, 18(8). Retrieved from https://doi.org/10.1371/journal.pone.0289264

Soedarmono, W., & Yusgiantoro, I. (2023). Islamic bank procyclicality in an emerging market economy: Do bank size and financing contracts matter? Quarterly Review of Economics and Finance, 92, 132–141. Retrieved from https://doi.org/10.1016/j.qref.2023.09.003

Solarin, S. A., Hammoudeh, S., & Shahbaz, M. (2018). Influence of economic factors on disaggregated Islamic banking deposits: Evidence with structural breaks in Malaysia. Journal of International Financial Markets, Institutions and Money, 55, 13–28. Retrieved from https://doi.org/10.1016/j.intfin.2018.02.007

Tabash, M. I. (2019). An empirical investigation on the relation between disclosure and financial performance of islamic banks in the United Arab Emirates. Journal of Asian Finance, Economics and Business, 6(4), 27–35. Retrieved from https://doi.org/10.13106/jafeb.2019.vol6.no4.27

Tayem, G. (2022). Loan portfolio structure: the impact of foreign and Islamic banks. EuroMed Journal of Business, Retrieved from https://doi.org/10.1108/EMJB-11-2021-0170

Tiwari, S. C., Sayyad, M., Azam, M. S., & Sudesh, N. S. (2023). Determinants of WCM of Indian listed firms: A GMM regression approach. Cogent Economics and Finance, 11(1). Retrieved from https://doi.org/10.1080/23322039.2023.2199550

Tok, E., & Yesuf, A. J. (2022). Embedding Value-Based Principles in the Culture of Islamic Banks to Enhance Their Sustainability, Resilience, and Social Impact. Sustainability (Switzerland), 14(2). Retrieved from https://doi.org/10.3390/su14020916

Trichilli, Y., Kharrat, H., & Boujelbène, M. (2023). Behavioural implications of risk–return associations based on the adjusted thermal optimal path method: Large versus small banks. International Journal of Finance and Economics. Retrieved from https://doi.org/10.1002/ijfe.2890

Trinh, V. Q., Elnahass, M., Salama, A., & Izzeldin, M. (2020). Board busyness, performance and financial stability: does bank type matter? European Journal of Finance, 26(7–8), 774–801. Retrieved from https://doi.org/10.1080/1351847X.2019.1636842

Tura, B. D. (2022). Banking sector performance evaluation in Ethiopia for the period of growth and transformation plan (GTP-II): private vs public commercial banks. Journal of Banking Regulation. Retrieved from https://doi.org/10.1057/s41261-022-00209-0

Türsoy, T., & Faisal, F. (2018). Does financial depth impact economic growth in North Cyprus? Financial Innovation, 4(1). Retrieved from https://doi.org/10.1186/s40854-018-0096-y

Ur Rehman, A., Aslam, E., & Iqbal, A. (2022). Intellectual capital efficiency and bank performance: Evidence from islamic banks. Borsa Istanbul Review, 22(1), 113–121. Retrieved from https://doi.org/10.1016/j.bir.2021.02.004

 

Utami, A. D., Risfandy, T., & Rahardjoputri, R. (2022). Islamic banks’ merger: the case of Bank Syariah Indonesia. International Journal of Monetary Economics and Finance, 15(3), 201–212. Retrieved from https://doi.org/10.1504/ijmef.2022.126904

Wang, W., Huang, J., Wang, H., & Alidaee, B. (2022). Internal and external analysis of community banks’ performance. International Review of Financial Analysis, 84. Retrieved from https://doi.org/10.1016/j.irfa.2022.102409

Warburton, C. E. S., & Booser, R. (2015). Monetary policy, financial risk mitigation and unemployment in the United States. Applied Econometrics and International Development, 15(2), 81–98. Retrieved from https://www.scopus.com/inward/record.uri?eid=2-s2.0-84949478802&partnerID=40&md5=94e1adc24224bdb32dd976291b373cbc

Wijayanti, R., & Setiawan, D. (2022). Social Reporting by Islamic Banks: The Role of Sharia Supervisory Board and the Effect on Firm Performance. Sustainability (Switzerland), 14(17), 1–25. Retrieved from https://doi.org/10.3390/su141710965

Yoon, J. (2021). Forecasting of Real GDP Growth Using Machine Learning Models: Gradient Boosting and Random Forest Approach. Computational Economics, 57(1), 247–265. Retrieved from https://doi.org/10.1007/s10614-020-10054-w

Yuli, S. B. C., & Rofik, M. (2023). Implications of Sharia-compliant financing trade-offs on unemployment and growth. Public and Municipal Finance, 12(1), 100–109. Retrieved from https://doi.org/10.21511/pmf.12(1).2023.09

Zabavnik, D., & Verbič, M. (2021). Relationship between the financial and the real economy: A bibliometric analysis. International Review of Economics and Finance, 75(April), 55–75. Retrieved from https://doi.org/10.1016/j.iref.2021.04.014

Zainuldin, M. H., & Lui, T. K. (2020). Earnings management in financial institutions: A comparative study of Islamic banks and conventional banks in emerging markets. Pacific Basin Finance Journal, 62. Retrieved from https://doi.org/10.1016/j.pacfin.2018.07.005