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Lestari, E. P., & Mulazid, A. S. (2018). Islamic Bank Efficiency: A Comparative Study Between Indonesia and Pakistan. KnE Social Sciences, 3(8), 33-55. https://doi.org/10.18502/kss.v3i8.2499

https://doi.org/10.18502/kss.v3i8.2499

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  • E P Lestari
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  • A S Mulazid
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Published Date

  • Jun 26, 2018

Islamic Bank Efficiency: A Comparative Study Between Indonesia and Pakistan

KnE Social Sciences / International Conference on Islamic Finance, Economics and Business (ICIFEB) / Pages 33-55

Abstract

This study aims to compare the efficiency level of full-fledged Islamic banks in Indonesia and Pakistan during the period 2012–2016 using data envelopment analysis method based on assumption of CRS, VRS and also scale efficiency. In addition, this study also aims to look at the factors mostly affecting the level of efficiency of the variables studied by using the data panel regression method. This study used four samples of BUS in Indonesia and four samples of BUS in Pakistan in the first to fourth quarter of 2012–2016. Considering the result of research, full-fledged Islamic banks in Indonesia are more efficient than full-fledged Islamic banks in Pakistan according to the assumption of CRS, VRS and Scale, but there is no significant difference of efficiency value between full-fledged Islamic banks in Indonesia and those in Pakistan. In Indonesia, the banks with the efficiency value closest to optimum value are Bank Muamalat Indonesia, Bank Syariah Mandiri and Bank BRI Syariah based on the assumption of CRS, VRS and Scale at 99 percent point, while the one with lowest efficiency is Bank BNI Syariah with mean value below 99 percent. In Pakistan, on average, the bank with efficiency value closest to the optimum efficiency is Al-Baraka Bank based on the assumption of CRS, VRS and Scale at 99 percent, while the one with the lowest ones are the Bank Islami Pakistan Limited and Meezan Islamic Bank Value based on VRS assumption, with efficiency value below 99 percent. However, based on CRS and Scale assumptions, Dubai Islamic Bank Pakistan Limited gets the lowest efficiency value. All good variables from fixed assets, personal costs, deposits, financing and other income to financial investment both partially or simultaneously affect significantly the efficiency value. The variable with the greatest effect on efficiency value is deposits, followed with financing, based on the existing samples.


 


Keywords: data envelopment analysis (DEA), constant return to scale (CRS), variable return to scale (VRS), Scale, full-fledged Islamic bank

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