Sukuk and its impacts on Islamic banking in
Jordan; from a banking perspective
1
(1)
ROA
ROED
ROE
1
2
(1 )
(2)
1
2
1
2
1
2
3
1
2
3
.
1
2
3
4
1
2
3
4
1
2
3
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2
3
1
2
3
1
2
3
1
2
1
2
1
1
1
1
1
1
1
1
1
1
Maturity
face value
1
Coupon Rate
Date
2
1
2
1
2
1
2
1
2
3
1
2
3
1
2
1
2
1
1
1
2
1
2
1
2
1
2
1
1
1
2
1
2
1
2
1
2
1
2
3
1
2
3
1
1
1
2
1
2
ROED
ROA
ROE
ROE
0.001
ROA
ROED
0.697
0.83
0.51
0.111
0.367
ROA
ROED
ROED
0.05
ROE
(Simple Linear Regression)
ROED
ROA
ROE
ROA
ROA=
0.6530
-9
3.624 x 10
Std.Error =
.181
0.000
T_Value
Sig.T
3.614
1.676
.002
.111
R
R2
F
= .367
= .135
= .819
= 2.809
Sig.F
= .111
DW
ROA
( R2
-F
F
R2
ROA)
13.5
0.135
ROA
86.5
ROA
1
3.624 x 10
-9
ROA
ROED
1.045 x 10- 9
ROED =
1.2830
Std.Error =
.401
.000
T_Value
Sig.T
3.201
.218
. 005
.830
ROED
R
R2
F
= .051
= .030
= 1.334
= .047
Sig.F
=
DW
( R2
-
.830
-F
F
R2
ROED
0.030
03
ROED
ROED
97
ROED
1.2830
1.045 x 10- 9
ROED
ROE
4.668 x 10- 8
ROED =
4.668
Std.Error =
1.661
.000
T_Value
Sig.T
2.821
4.120
.011
.001
ROED
R
R2
= .697
= .485
= 1.054
= 16.974
DW
F
Sig.F
=
.001
( R2
-
-F
F
R2
48.5
ROE
0.485
ROED
ROE
ROE
%1
4.668
x 10
-8
ROE
2012
2011
2010
2009
2008
653,398,589
1,216,010,070
988,066,675
771,251,223
577,031,989
70,706,174
111,520,291
127,728,630
101,622,408
103,138,295
5,849,250
6,310,100
8,578,900
4,608,500
9,320,403
1,753,437,221
1,080,996,393
1,039,338,553
913,106,321
806,222,472
20,182,572
17,990,442
15,725,050
14,969,954
14,340,315
0
0
0
98,459,139
99,515,985
0
0
0
14,459,571
9,008,168
0
0
2,827,032
0
0
5,286,774
5,063,098
5,123,300
0
0
84,398,776
96,415,729
113,450,795
0
0
14,554,692
14,494,151
15,245,288
19,837,758
17,971,886
272,454,045
222,921,648
168,539,668
134,951,442
110,308,179
70,230,600
67,625,208
64,748,934
62,008,391
57,311,157
4,682,581
7,578,722
7,704,178
8,644,288
11,194,937
53,548,273
43,889,618
38,524,302
32,710,381
27,462,585
1,329,577
560,767
287,893
71,742
416,286
10,432,942
6,924,517
7,794,729
6,361,822
5,130,421
3,020,492,066
2,898,300,754
2,603,683,927
2,183,062,940
1,848,373,078
(
(
12,545,687
19,547,794
44,041,901
5,197,630
8,525,718
839,011,494
782,173,448
668,659,082
595,170,473
522,192,026
30,145,857
30,355,669
35,919,125
32,572,095
32,730,860
1,016,223
1,170,830
1,640,033
1,591,003
2,137,162
3,750,000
3,100,000
3,886,312
3,786,312
3,659,312
13,958,110
13,743,992
13,907,183
13,115,985
16,125,462
69,053
24,640
766,088
753,825
701,762
13,736,208
16,260,113
12,022,895
12,235,799
12,044,204
914,232,632
866,376,486
780,842,619
664,423,122
598,116,506
1,844,335,823
1,803,606,700
1,596,216,211
1,295,684,457
1,026,548,510
5,270,519
4,216,439
4,510,738
3,666,356
1,815,396
6,558,955
4,001,357
7,349,973
16,477,605
27,426,015
2,810,981
1,714,868
3,149,988
2,481,983
7,295,686
1,858,976,278
1,813,539,364
1,611,226,910
1,318,310,401
1,063,085,607
949,615
660,677
648,428
599,661
573896
1,859,925,893
1,814,200,041
1,611,875,338
1,318,910,062
1,063,659,503
14,428,749
7,321,757
14,551,983
20,733,334
22877371
3,393,791
3,526,461
2,820,046
2,165,825
2730314
125,000,000
100,000,000
100,000,000
100,000,000
81,250,000
39,634,884
34,507,433
30,527,109
26,409,498
22,408,679
8,978,496
13,886,384
9,939,249
5,922,477
12,061,791
700,000
700,000
700,000
700,000
600,000
0
3,011,895
3,011,895
3,011,895
3,011,895
161,125
57,494
99,635
2,117,890
1,978,123
54,036,496
54,712,803
49,316,053
38,668,837
39,678,896
228,511,001
206,876,009
193,593,941
176,830,597
160,989,384
3,020,492,066
2,898,300,754
2,603,683,927
2,183,062,940
1,848,373,078
34,727,702
32615085
38,106,909
0
0
220,333,852
209,449,009
229,490,267
0
0
9,453,000
9,453,000
0
0
0
2012
2011
2010
2009
2008
63,783,447
56,883,960
58,257,159
46,324,466
42,998,924
46,552,540
20,276,772
46,105,196
67,085,126
289,191,523
748,100,948
779,955,526
854,221,888
804,080,346
462,374,277
1,313,267
6,513,267
0
0
0
3,368,268
3,875,438
7,448,716
3,553,416
4,802,986
3,141,755
13,047,844
0
0
0
5,627,922
5,511,261
0
0
0
0
0
6,389,356
12,857,577
11,644,492
0
0
5,605,531
16,860,729
251,536,917
190,611,472
120,106,427
78,942,297
63,769,812
23,309,095
22,603,915
16,534,257
3,485,296
0
3,898,113
518,531
479,409
584,796
267,972
18,867,600
13,865,462
12,506,580
11,872,584
10,357,866
1,134,701
1,370,589
1,628,976
1,779,632
1,917,915
2,102,806
1,826,067
1,750,790
2,696,591
464,546
1,437,873
10,622,397
4,115,570
1,910,639
1,660,933
1,174,175,252
1,127,482,501
1,133,111,480
1,040,778,297
906,311,975
3,567,156
(
(
28,557,826
30,538,167
173,134,203
209,690,141
314,267,433
391,667,368
321,608,902
220,500,949
168,607,606
105,221,323
18,280,399
24,629,318
21,430,751
17,761,723
21,060,814
1,749,418
1,485,130
1,234,207
1,105,654
937,275
4,323,390
4,665,330
2,279,433
3,049,663
5,373,724
100,719
58,219
77,045
0
0
12,688,556
15,415,111
10,952,365
12,547,248
9,696,249
457,367,676
398,400,177
429,608,953
412,762,035
456,556,818
605,273,596
634,507,336
577,391,794
507,684,488
355,036,432
317,370
0
0
0
0
136,015
0
0
0
0
605,726,981
634,507,336
577,391,794
507,684,488
355,036,432
8,474,938
3,571,693
1,173,000
2,185,485
1849396
1,699,841
868,474
591,851
546,001
660670
100,000,000
100,000,000
100,000,000
100,000,000
73,000,000
11,257,703
9,613,353
8,090,760
7,076,782
6,624,292
5,537,312
5,537,312
5,537,312
3,509,356
3,304,376
882,000
882,000
882,000
882,000
882,000
235,012
135,851
179,770
443,720
-2,535,398
-17,006,211
-26,033,695
9,656,040
5,688,430
10,933,389
100,905,816
90,134,821
124,345,882
117,600,288
92,208,659
1,174,175,252
1,127,482,501
1,133,111,480
1,040,778,297
906,311,975
191,424,388
147,669,673
163,719,548
179,001,566
205,809,884
ABSTRACT
This study aims to introduce Islamic instruments and types, and to
clarify the elements , and the statement of significance for all segments
of society , and the statement of the provisions and controls its
legitimacy , and to clarify the impact of these instruments on the
practical reality of Islamic banking in Jordan.
To achieve this objective study began with a statement of what Islamic
instruments through the definition and importance of the instruments and to
clarify the legal provisions and regulations relating thereto in terms of
issuance and trading, and then study examined the impact of the
instruments on the practical reality of Islamic banking in Jordan.
The study concluded that Islamic banks operating in Jordan lacks the
diversity of financial instruments that are compatible with the nature of
Islamic banking tools investment could be used by Islamic banks to
improve their financial performance and working to raise efficiency in the
management of assets and liabilities have , ensuring optimal
performance has through achieve financial instruments as investment
tools characterized by high flexibility contribute to the development and
strengthening of the banking business.
The study found through statistical analysis of the financial statements
of Islamic banks to lower the volume of investments has, including
investment in securities and that there is no statistically significant
relationship between the total investment of the Islamic banks and
profitability indicators have measured rate of return on assets ROA, and
the rate of return on funds available employ ROED, and the existence of a
positive relationship of statistical significance between the total investment
of the Islamic banks and the rate of return on equity ROE.