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Contingency Planning in Traditional and Islamic Banks During the Crisis in Syria: Crisis Management Perspective

European Journal of Islamic Finance

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Title Contingency Planning in Traditional and Islamic Banks During the Crisis in Syria: Crisis Management Perspective
 
Creator Kahwaji, Ahmad Taha
 
Subject Contingency planning, Traditional banks, Islamic banks, crisis management, Syria.
 
Description The Syrian crisis is one of the worst crisis in the world. It has dramatically affected many aspects of life and civilization. It imposed millions of emigration to many countries, and negatively affected the national economy including international companies operating in Syria, and also local.   It imposed on its economic sides the exit of many institutions and companies from the market, and also led to the adoption of different types of retrenchment strategies by companies that could not exit or those who wanted to stay challenged and motivated by the management of its operations and activities in an exceptional manner commensurate with the crisis continues to the present.   Before the Syrian crisis, banking industry (Traditional and Islamic) in Syria was growing rapidly and in a stable pace. The crisis situation has resulted an unexpected conditions that banks were have to deal with. This research highlights the negative effects of the crisis on Islamic and traditional banks operated in Syria, it also indicates some of the responses the banks has employed in order to mitigate or eliminate the crisis bad effects. The applied research has been modified to explore implementation of crisis management literature in Syrian banks (Traditional and Islamic) and the role of that implementation in supporting contingency planning.   The study found three main results. First, there is a positive and significant correlation between the crisis management and contingency planning. Second, the Syrian employees believe that Syrian banks has adapted crisis management practices. Finally, the study indicated that banks’ employee believe that their work conditions and job environment was negatively affected by the crisis situation.
 
Publisher European Journal of Islamic Finance
European Journal of Islamic Finance
 
Contributor Dhofar University
 
Date 2018-04-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ojs.unito.it/index.php/EJIF/article/view/2635
10.13135/2421-2172/2635
http://www.ojs.unito.it/index.php/EJIF/article/download/2635/pdf
 
Source European Journal of Islamic Finance; No 9 (2018): EJIF - European Journal of Islamic Finance, 9, 2018
European Journal of Islamic Finance; No 9 (2018): EJIF - European Journal of Islamic Finance, 9, 2018
2421-2172
 
Language eng
 
Relation http://www.ojs.unito.it/index.php/EJIF/article/view/2635/pdf
http://www.ojs.unito.it/index.php/EJIF/article/downloadSuppFile/2635/255
http://www.ojs.unito.it/index.php/EJIF/article/downloadSuppFile/2635/256
 
Rights Copyright (c) 2018 Ahmad Taha Kahwaji
http://creativecommons.org/licenses/by-sa/4.0