Abstract
This paper investigates the effects of the COVID‐19 crisis on the performance of 49 listed banks in the Gulf Cooperation Council (GCC) countries, during the period from the first quarter of 2017 through the third quarter of 2020. The findings reveal that GCC banks were negatively affected by the pandemic. However, Islamic banks have performed better than conventional banks. The results also show that the banks in Saudi Arabia and UAE were affected more than the banks in other GCC countries. We also show that Islamic banks which are government‐linked, those that are large and those with high loan ratios were more affected by the pandemic. Overall, we argue that Islamic banks can play a significant role in the recovery of GCC countries from the consequences of the pandemic.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.