EVALUATING THE FINANCIAL PERFORMANCE OF BANKS USING FINANCIAL RATIOS- A CASE STUDY OF ERBIL BANK FOR INVESTMENT AND FINANCE (Published)
This study investigates the financial performance of Erbil Bank for Investment and Finance, Kurdistan Region of Iraq during the period of 2009-2013. Several financial performance parameters are used such as financial ratios analysis which is used to measure the financial position for the bank and on broader range statistical tools also have been used for analysis purpose of several variables which would affect the banking system in general in order to know whether these variables are significantly correlated with the financial performance for the bank. The findings of the study show the positive behaviour of the financial position for Erbil Bank and some of their financial factors variables influence the financial performance for the bank. Then, it is found that the overall financial performance of Erbil Bank is improving in terms of liquidity ratios, assets quality ratios or credit performance, profitability ratios (NPM, ROA, ROE). This study suggests a set of recommendations regarding the development and enhancing of some banking operations which will boost the bank’s profitability and improve the financial performance for the bank
Keywords: Case Study, Erbil Bank, Evaluating, Financial Performance, Financial Ratios
ACCOUNTING POLICIES AND FINANCIAL REPORTING IN TAKAFUL COMPANIES – A CASE STUDY (Published)
This paper attempts to compare the financial reporting of two Islamic insurance companies “takaful” in two different countries; Bahrain and Sudan. Where Sudan is the first country to host takaful insurance in the year 1979. A case study methodology is applied where the financial reports of these two companies are studied over the years 2009 to 2012. The points under investigations are: Internal organizational structure, financial statements, financial policies, disclosure and notes to the financial statements, and management expenses. The results highlight that takaful companies in Bahrain are using mudharabah and wakalah models and their financial reports are prepared in accordance with IFRS are more informative and clearly understood. On the other hand takaful companies in Sudan use wakalah model and that their financial statements lacked elaborate disclosures rendering some of the information as not up to the standard. A closer look is taken by this study to investigate what could be the underlying factor for differences between these two companies in two countries
Keywords: Bahrain, Case Study, Financial Reporting, Sudan, Takaful
Accounting Policies and Financial Reporting – A case study (Review Completed - Accepted)
This paper attempts to compare the financial reporting of two Islamic insurance companies “takaful” in two different countries; Bahrain and Sudan. Where Sudan is the first country to host takaful insurance in the year 1979. A case study methodology is applied where the financial reports of these two companies are studied over the years 2009 to 2012. The points under investigations are: Internal organizational structure, financial statements, financial policies, disclosure and notes to the financial statements, and management expenses. The results highlight that takaful companies in Bahrain are using mudharaba and wakala models and their financial reports are prepared in accordance with IFRS are more informative and clearly understood. On the other hand takaful companies in Sudan use wakala model and that their financial statements lacked elaborate disclosures rendering some of the information as not up to the standard. A closer look is taken by this study to investigate what could be the underlying factor for differences between these two companies in these two countries
Keywords: Bahrain, Case Study, Financial Reporting, Sudan, Takaful