Dr. Fayaz AHAMED

31619

Islamic Banks' Halal Profitability Analysis: Evidence from Oman

Islamic Banks' Halal Profitability Analysis: Evidence from Oman

Modern living gives us the chance to commemorate the many beautiful and unique religious traditions and to highlight the many benefits that society gains from their preservation. Commercial banks were founded in a framework distinct from the Islamic context, with distinct foundational ideals and paradigms. As a result, most Muslims have not largely accepted those banks. In Oman, where the banking system transformed from regular public banking services to Islamic banking services to meet the demands and requirements of the Sharia Complaint system where interest is not utilized as guided by Islamic economics. Hence, the focus of this research is on the halal earnings of Islamic banks. This study's major objectives are to empirically investigate and evaluate the halal profits of Islamic banks in Oman while highlighting crucial information about banking performance that can help decision and policymakers in the banking industry. An analysis of the financial statements for the two Islamic Banks for the five years covering 2017 to 2021 allowed for the determination of the halal earnings from a financial perspective. This research topic was covered using secondary sources. In addition to using quantitative research to determine the relationships, this study was undertaken to investigate the halal profit of Islamic banks. Halal profit guarantees that the bank's earnings are obtained ethically and legally, in accordance with the standards and principles held by its society. Discussion in this paper is expected to serve as a road map for a future initiative to elevate Islamic banking by maintaining an unwavering focus on innovation and the desire to provide excellence in everything banks do, including the development and provision of a wide range of integrated products and services that are completely compliant with Sharia principles.
Keywords:

Halal Profit, Omani Banks, Financial Analysis, Islamic Banks, Sharia-compliant financial solutions Halal Life,

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Akademik Platform Helal Yaşam Dergisi-Cover
  • Yayın Aralığı: Yılda 2 Sayı
  • Başlangıç: 2019
  • Yayıncı: Akademik Perspektif Derneği
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