نشریه اقتصاد و بانکداری اسلامی
پیاپی 31 (تابستان 1399)

In this paper, used the system GMM estimation technique to study the effects of the financial development on Sukuk markets by using a panel dataset of 11 countries from 1995 to 2015. At the First, research findings shows that Sukuk and bank financing are substitutes. Economies where banks play a key role in providing private credit issue less Sukuk. Second, the evidence shows that Sukuk are complements to bonds and stocks. More Sukuk are issued in market-oriented economies. Finally, this paper shows that the 2008 global financial crisis has a positive effect on Sukuk markets development.

The purpose of this study is to prioritize customer satisfaction indices of Zahedan city banks to public, private and semi-private banks. Initially, by reviewing the available scientific resources and interviewing banking and economics experts and experts, a set of customer satisfaction indices was extracted, and after removing the shortcomings and deficiencies, Finally, 10 indicators were used to assess customer satisfaction with banks. The statistical population includes the customers of Zahedan Banks and 400 members were selected for all banks. The conceptual model of the research was designed and tested by collecting questionnaires from customers of Zahedan Banks through distribution of questionnaires to customers of Zahedan Banks in public, private and semi-private banks From April to October of 2019 in the framework of structural equations. After estimating the results by using LISREL software, the indices that were not valid were removed from the model. According to the results of this study, overall, the indicators of religious motivation, easy accessibility and ease of service, and the friendly reaction of employees to customer satisfaction were more successful than other indicators.

The ethical markets are the place of supply and demand for goods and services that are standardized in social issues and take environmental concerns into account.The existence of these markets is essential for sustainable development. The objective of this paper is Determine the status of Iran among selected countries in the ethical market, using multi criteria decision making models. In this study by using of expert choice software, we used analytical Hierarchy process (AHP) method to weigh indices and for comparing combined indexes, Topsis method.According to theoretical foundation for creating of combined indexes, it has been used of; quality of life index, social capital index, good governance index, environmental performance index and human development index for the years 2014,2016  and 2018.the most significant result in  three- year survey show that China ranked first in 2014 and Iran ranked last year. In 2016, Japan ranked first and Iran ranked eighth in the upward trend and in 2018, Singapore ranked first and Iran ranked thirteen among the selected countries.

Performance assessment of organizations in making strategic decisions for the future is essential. Thus, the efficiency determinations of organizations through planned economic growth in the future system loads are necessary. One of the most important indicators of performance evaluation is measuring efficiency. Banks are one of the most important economic units that provide proper conditions for growth and development in different sectors of a country's economy. Efficient banks can help economic growth, and poor performance may cause a crisis. The banking industry performs an important role in the process of Iran's economic development, and the structure of the financial system in Iran has turned from a controlled system into a liberalized one. In this paper for the first time in the Iranian banking industry, the performance trends and operation outcome of the banks are modelled by the Genetic Programming approach and the efficient performance is reported according to different employed parameters. This paper uses data envelopment analysis (DEA) to investigate the technical efficiency of the Iran banking industry over the period 2006-2012 by perspective methods of constant returns to scale and variable returns to scale. Consequent to technical efficiency evaluation, the scale efficiency is calculated. Results show a relatively good level of efficiency of the Iranian banking industry. In this article, we will try to study the performance of banks and compare it with each other and from the beginning of 2012 to the end of 2017 to provide an appropriate comparative analysis in this field. Finally, the technical efficiency was measured by yield relative to the constant scale and yield relative to the variable scale by the output nature of the axis.

The credit risk in banks is a function of the profitability and quality of bank assets. Moreover, cost stickiness also affects the quality of assets and profitability of banks. To achieve the research aims, is to explore relationship between cost stickiness and banks credit risk were tested and analyzed is based on pooling data from 21 banks in duration 2012-2019. The findings show that there is a positive and significant relationship between cost stickiness and banks credit risk. In other words, with increasing the cost stickiness, the quality of assets decreases, earnings volatility increases and thus increases the banks credit risk. This study, employing cost stickiness tries to introduce a new index in literature factors of affecting banks credit risk. Since much of the cost behavior is driven by personal motivation and the ability of managers, it is suggested that future research be used as a moderating factor in this relationship

Liquidity management, is within the framework risk management of the financial services industry in all financial institutions, both Islamic and tradition part. Because many of the existing conventional financial instruments used to finance are based on interest rates and not applicable for legal and jurisprudential, the Islamic financial institutions, liquidity management and financing, have unique features. One of the important methods of financing process, turning assets into securities, that is one of the new tools in this area with reduced risk of financial institutions. In this study, which has been done in a descriptive and content analysis way, it is discussed the quality and conditions of securitization in Islamic banking and proved that if the use of the financial instruments are within the framework of Islamic banking, the law and jurisprudence is allowed.

What is the cause of inflation decrease in Iran after 2013? Some economists believe the cause is the control of the liquidity. But the others believe the cause is the decrease of the demand as well as the expected inflation. Therefore, this study seeks to answer: a) what is the effect of liquidity surplus on the general price increase? b) What is the expected inflation rate in Iran? And c) Can the factors of the demand side cause to decrease inflation? In this regard, Hybrid New Keynesian Phillips curve has been estimated in the Iranian economy during the 1973-2015 period using the generalized method of moments (GMM).The results of the study showed that the liquidity surplus based on M2 has a positive and significant effect on inflation. While the liquidity surplus based on M1 does not have a significant effect on inflation. This suggests that pseudo money, savings deposits and deposits are the main source of inflation. Also, Adaptive and rational expectations have a significant and positive impact on inflation and the effect of Adaptive expectations is higher than rational expectations. The results of the study indicate that the long-term Phillips curve in the Iranian economy is vertical.

Credit risk evaluation is an integral part of the lending process. Significance of credit rating is increased by the global financial crisis and banks’ capital requirement. The purpose of this research is to find a new and more accurate way to estimate corporate credit scoring. Based on Traditional statistical methods and artificial Intelligence (AI), this research following Lee, et al., (2016) is testing a hybrid model, the model is combing logistic regression and artificial neural network(ANN). Population of the study is companies listed on Tehran Stock Exchange during 2010 to 2016.sampling method is systematic eliminating method that with considering the criteria, number of 90 companies were selected for the study. The results show the hybrid model in comparison with logistic regression and artificial neural network is more efficient in credit rating of companies listed in Tehran Stock Exchange.

Justice is one of the most striking factors in creating social solidarity, so that social solidarity continues in the shadow of justice. Obviously, in a society where justice is in place, social relations between the people and the rulers are strong and more visible. Throughout the history of Islam, justice in the true sense of the word has emerged during the reign of Imam Ali (be peace upon him), and the famous story of Aqeel, the brother of the Imam and the molten iron, confirms this fact. In this study, the necessary information has been collected using the library method. The results showed that the relationship between justice and social solidarity from the point of view of the pious Mawlawi Ali (be peace upon him) introduces a complete form of justice and social solidarity and show a direct and significant link between justice and social solidarity to achieve development in the Islam world.

Operational risks are due to a wide range of error probabilities and deficiencies in the operations of the firm or financial. These risks are the result of human error, the computer and its programs, the error in decision making and even the losses from the types of embezzlement. It can be said that the implementation of such a mechanism through the identification and management of the major risks associated with the operation of the bank, reducing the risk of creditors and shareholders and consequently increasing the value of the bank. In this study, the identification and evaluation of the operational risk of the information management process, communications and customer service activities of Ansar Bank. The type of research in this study is an applied research. The research method is descriptive-survey. In this study, questionnaires and interviews were used to collect information. The spatial scope of this research includes Ansar Bank Customer Service, located in Tehran. This research was conducted in the 1396. The FMEA method has been used to analyze the risk scenarios and its effects. According to the results of the average RPN identified by Ansar Bank experts, intra-organizational and human resources management factors respectively, have the maximum number of operational risks from the total operational risks identified. The results of this study also confirmed that external factors have the least importance in risk management, Ansar Bank customer service is available.

The broad economic position of banks and credit institutions in the economy of the country highlights the fact that in order to ensure the stability and performance of the banking system of the country, there should always be a good ratio between capital and risk in the assets of banks. Deciding on the structure of capital has been one of the most difficult and challenging issues facing companies, but at the same time the most vital decision is to continue to survive. The purpose of this study is the effect of capital adequacy and capital structure on financial performance of commercial banks. In this study, the financial information of 15 banks accepted in Tehran Stock Exchange during the period of 1389 to 1395 was analyzed using Panel Data regression method. The results indicate a positive and significant impact of the ratio of capital adequacy and capital structure on financial performance. The size of the bank has a negative and significant effect on the return on equity of the bank. Bank age and percentage of institutional shareholders do not have a significant effect on the return on equity of banks.