Purpose

This study aims to investigate differences between Islamic and conventional banks in Pakistan with respect to their operational efficiency, liquidity risk and asset quality. Importantly, in addition to full-fledged Islamic and conventional banks, this study also investigates a more recently emerged breed of hybrid banks, i.e. Islamic divisions of conventional banks.

Design/methodology/approach

Data for the period 2011–2020 was collected from financial reports of all full-fledged Islamic banks (5), Islamic banking divisions of conventional banks (8) and conventional banks (20) in Pakistan. Logistic regressions were designed to test the proposed hypotheses.

Findings

The findings suggest that full-fledged Islamic banks are operationally less efficient and experience higher liquidity risk than conventional banks. However, the asset quality of Islamic banks is better than that of conventional banks. Next, in the robustness analysis, the authors extended the sample size by adding the Islamic divisions (window) of the conventional banks; they found almost the same result except for efficiency which turned out to be non-significantly related to bank type.

Practical implications

The findings are beneficial for investors, depositors, consumers and bank management in understanding the financial features of such as efficiency, liquidity and liquidity risk that separate Islamic banks from conventional banks.

Originality/value

The findings of this study present a clear picture to bankers and practitioners about some financial features of banking systems and depict that Islamic banks are in need to improve their liquidity risk management practices to compete with conventional banks.

中文翻译：

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效率、流动性风险和资产质量：巴基斯坦伊斯兰银行和传统银行的比较分析

目的

本研究旨在调查巴基斯坦伊斯兰银行和传统银行在运营效率、流动性风险和资产质量方面的差异。重要的是，除了成熟的伊斯兰银行和传统银行之外，本研究还调查了最近出现的混合银行，即传统银行的伊斯兰部门。

设计/方法论/途径

2011-2020 年期间的数据收集自巴基斯坦所有成熟伊斯兰银行 (5)、传统银行伊斯兰银行部门 (8) 和传统银行 (20) 的财务报告。逻辑回归旨在检验所提出的假设。

发现

调查结果表明，与传统银行相比，成熟的伊斯兰银行运营效率较低，流动性风险更高。不过，伊斯兰银行的资产质量优于传统银行。接下来，在稳健性分析中，作者通过添加传统银行的伊斯兰部门（窗口）来扩大样本规模；他们发现了几乎相同的结果，只是效率与银行类型没有显着相关。

实际影响

研究结果有利于投资者、储户、消费者和银行管理层了解伊斯兰银行与传统银行的区别，例如效率、流动性和流动性风险等财务特征。

原创性/价值

这项研究的结果向银行家和从业者展示了银行体系的一些金融特征的清晰图景，并表明伊斯兰银行需要改进其流动性风险管理实践，以与传统银行竞争。