Table 1

Definition of variables

RatiosDefinitions
Profitability
ROAReturn on assets = net income/total assets
ROEReturn on equity = net income/stockholders' equity
Liquidity
CTACash to assets = cash/total assets
CTDCash to deposits = cash/total customer deposits
Credit risk
LLRLoans loss reserves to gross loans
NPLNon-performing loans to gross loans
LTALoans to assets = loans/total assets
LTDLoans to deposits = loans/total customer deposits
Regulatory risk
CAPCapital adequacy ratio
Insolvency risk
DTADeposits to assets = deposits/total assets
Asset structure
FAAFixed assets to assets = fixed assets/total assets
OBSIAOff-balance sheet items to assets = off-balance sheet items/total assets
Dummies
IBDummy variable equal to 1 if the bank is Islamic, 0 otherwise (i.e. Conventional banks (CB))
D2011Dummy variable equal to 1 if year 2011
D2008Dummy variable equal to 1 if year 2008
Bank characteristics
SizeLog(total asset)
Market sharePercentage of comparison between Islamic banks total asset and banks

Note(s): Market share = Islamic bank total assets/country banks total assets × 100%, see Purboastuti et al. (2015) and Aminah et al. (2019) 

Source(s): Authors' own work

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