A Review on CAMELS+(S): (S) Shariah Rating

PRIYA RAO

Abstract


In the globalized economic scenario for economic development of an economy, the role and importance, of judicious banking system cannot be underestimated. The performance of banking sector is considered, as an effective measure to examine the financial health of an economy. With the swift and vibrant changes in the globalization of the economy, the world tends to see the growth of Islamic banks especially in the Middle East region. Muslim customers establish relationships with Islamic banks because they trust that Islamic banks are Shariah compliant.

CAMELS rating is widely used for evaluating performance of financial institutions, especially to banks. CAMELS  is an early warning system for the financial institutions. This paper is an attempt to put forth the importance of one more "S'- Shariah Rating: in the CAMELS  for the Islamic banks .


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ISSN : 2251-1555