Malaysian Islamic banks operate in different organizational structures, namely domestic, locally foreign incorporated, and development financial institutions which may have an influence on their stability. This research evaluates the bankruptcy profiles of 19 selected Malaysian Islamic banks from 2010 to 2017 and analyses the insolvency risk associated with the three different organizational structures. Using the Altman’s Z-Score Model (2000), a stability test was conducted. Finding s /Originality: the paper finds that, on average, the development financial institutions were the most stable banks, followed by foreign Islamic banks. It also finds that bigger domestic Islamic banks were situated in the safe zone as they had high Z-score values. Furthermore, asset quality ratio contributed to higher Z-score values. An appropriate asset-liability management therefore helps ensure the stability of Islamic banks in Malaysia. An effective macroprudential supervisory regime must also be in place to increase the resilience of the financial system.

中文翻译：

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伊斯兰银行的破产情况是否因组织结构而异？来自马来西亚的证据

马来西亚伊斯兰银行在不同的组织结构中运作，即可能对其稳定性产生影响的国内、本地外国注册和发展金融机构。本研究评估了 2010 年至 2017 年 19 家选定的马来西亚伊斯兰银行的破产情况，并分析了与三种不同组织结构相关的破产风险。使用 Altman 的 Z-Score 模型 (2000)，进行了稳定性测试。发现/原创性：论文发现，平均而言，发展性金融机构是最稳定的银行，其次是外资伊斯兰银行。它还发现较大的国内伊斯兰银行位于安全区，因为它们具有较高的 Z 分数值。此外，资产质量比率有助于提高 Z 分值。因此，适当的资产负债管理有助于确保马来西亚伊斯兰银行的稳定性。还必须建立有效的宏观审慎监管制度，以提高金融体系的弹性。