An Empirical Analysis of Financial Performance of Retail and Wholesale Islamic Banks in Bahrain


  • Iqbal Thonse Hawaldar Assistant to the President for Accreditation and Quality Assurance and Associate Professor, Department of Accounting and Finance, College of Business Administration, Kingdom University, Bahrain
  • Lokesh Lokesh MBA Department, Sahyadri College of Engineering & Management, Mangalore-575007, Karnataka, India
  • Sheila Sison Biso Lecturer and Coordinator-Accreditation and Quality Assurance Office, Department of Business Management, College of Business Administration, Kingdom University, Bahrain


Islamic banks, Performance analysis, Retail banks, and Wholesale banks.


Islamic banking, as an alternative to conventional banking system, is currently one of the most rapidly growing segments of the global financial market industry operating with more than 300 institutions spread over 75 countries.  Undoubtedly, Islamic banks has cogent contribution towards the economic growth of any nation.  This paper explores the analysis of the financial performance of retail and wholesale Islamic Banks operating in the Kingdom of Bahrain.  For the empirical investigation, six retail and seven wholesale Islamic banks were selected for the study. Financial ratio analysis, standard deviation and correlation analyses were employed for the time period 2009-2013.  The study found that there is a negative relationship among asset utilization ratio with staff cost to income ratio, operational efficiency ratio and cost to income ratio of retail Islamic Banks. Empirical results for wholesale Islamic banks revealed that there is a positive relationship among staff cost to income ratio, operational efficiency ratio and cost to income ratio.  


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How to Cite

Hawaldar, I. T., Lokesh, L., & Biso, S. S. (2016). An Empirical Analysis of Financial Performance of Retail and Wholesale Islamic Banks in Bahrain. American Scientific Research Journal for Engineering, Technology, and Sciences, 20(1), 137–147. Retrieved from