positive influence of return on equity, profit margin, and deposits to assets values on Islamic bank's shares’

turnover while the significant-negative influence of debt ratio and cash and trading investments on deposits.

Similar to the significant-negative affect on shares price-earnings ratios from cash plus trading investments on

deposits and the ratio of debt, and significant-positive impact from the margin of profit, return-on-equity, and

deposits to assets. Dividends-per-share to earnings per share for Islamic banks values had been analyzed in this

research and according to that there was the significant-positive influence of profit margin, debt ratio, and total

deposits to assets, but significant- negative statistical impact of cash plus trading investments on deposits, and

return on equity. So, the results indicated that the Islamic banks shares are influenced by a variety of financial

measurements in the financial market.

Islamic banks and Islamic financial institutions are

part of the banking and financial system in Jordan

and the Arab world. Central Bank of Jordan

supervises the banking and monetary policy to

maintain the financial situation and to be stable in

the short and long time. Table 1 has the list of

Islamic banks that are presenting Islamic banking

be the Islamic banks in Jordan for simplifying the

financial and statistical analysis. The first three

banks are considered as local Islamic banks, and the

last one is considered as foreign Islamic banks

(Saudi Islamic Masref - Bank).

shares locally and regionally and achieving various

good results annually, [1] and that can help banks

and Islamic banking and finance to compete with

traditional commercial banks and to make market

local, foreign, Islamic, or commercial banks should

submit their banking, financial, and managerial

reports plus financial ratios list to the central bank

of Jordan. Moreover, these banks should fund

industrial, agricultural, educational, educational and

general, commercial traditional banks, Islamic

banks, central banks, and banking financial systems

in theoretical and practical theses and articles, [3].

Islamic banks in the Middle East and regionally

have profits in total and yearly have financial

reports on stock exchange to convince the investors

to invest and to stay investing in the Islamic bank's

shares plus attract new investors to invest their

money in Islamic banks normal shares, [4]. Islamic

banks compete with each other from one side, and

can affect the development of the economy banking,

and finance of the countries. On the other way of

effecting, the development of the economic and

financial affairs in the countries will improve

contracts such as debt contracts or equity contracts,

[7], that help to increase the total income and affect

increasing profitability ratios for banks with

financial efficiency and decreasing costs while

providing banking services for clients, [8] and that

makes financial profits and sometimes Islamic

excessive than commercial banks in general, [9] and

the phase after achieving the profits and returns is

distributing the profits as dividends which makes

and financial performances such as banking

dividends and financial ratios with increasing the

paid capital, [10], investors are going to analyze that

with shares’ turnover ratios and price-earnings ratios

besides the opportunities and challenges that Islamic

banking face and need to be analyzed, [11].

banks operated high standards in financial and

managerial manners. Market risks have an impact

investment portfolios as well but Islamic banks are

managing and know how to deal with the market

risks to prevent losses and gain profits if that is

possible, [13].

Generally, financial indicators and ratios give

details of banking performances and financial

fulfilments during the past and current period,

earnings with affecting the turnover of shares’

ratios.

Banks' performance varies from time to time

according to the public situations, [15] and that can

shape the way of dealing with current affairs and

making useful decisions for financial acting and

performance shortly, [16] and even in the long run.

Islamic banks could perform satisfactory financial

and profitable banking operations and that increased

functions to provide Islamic banking services for the

communities in ethical and profit and loss

participation by funding different projects and

different sectors to achieve profits and economic-

social prosperity, [18].

percentage of deposits to assets as determined in this

research to be the independent items.

Figure 1 gives an outline of the study for

predictors (independent) variables and predicted

(dependent) variables as the study is going to

analyze the relationships and repercussions between

them.

foreign banks to accomplish satisfactory financial

reports to the shareholders and depositors, [19].

on shareholders and depositors for investment

deposits such like not restricted investment deposits,

as a consequence a positive impact on increasing the

amounts of liquidity and number of different

investing deposits plus increasing the number of

trading shares during the time and rising turnover

ratios and price to earnings ratios, [20].

of dividends and earnings. Plus, increasing the

amounts and percentages of profits and profitability

affect the value of shares and trading on them

So, Figure 2 and Figure 3 illustrate the

movement of dependent items which are dividends -

Earnings per share, shares- turnover, and price-to-

earnings numbers. Moreover, independent items are

deposits - to assets in total, liquidity, and

investments (trading) to deposits in total, return-on-

equity, the margin of profit, and debt proportions.

central bank of Jordan's rules and regulations. The

sample of this research is Islamic banks in Jordan to

find out the impact of financial values on Islamic

banks’ shares from (2018) to (2023) from many

aspects.

turnover ratios are explained in Table 3, the null

hypotheses for price-earnings ratios as exemplified

from Table 4; finally Table 5 demonstrates the null

hypotheses for dividends per share to earnings per

share.

Financial ratios and financial analysis reveal and

reflect on the growth of the economy in the

countries that support Islamic banking activities,

[22] more of that the behavior of financial

operations can shape the size of profitability and the

as in Table 6 for each research dependent and

independent variable. Also, Table 7 illustrates the

research variables’ symbols and after that, it is the

three regression equations.

1. ƒ (STR) = 0 + β1 (ROE) + β2 (P.M) + β3 (D.R) +

2. ƒ (PER) = 0 + β1 (ROE) + β2 (P.M) + β3 (D.R) +

Table 8 correlation matrix (1) illustrates the value of

correlation is significant at the (0.01) level (one-

tailed) with total deposits to total assets (positive)

and that can give an indication about these

independent variables and the way of shaping the

analyzing period. Moreover, the value of

correlations and the significant level for the

independent factors between each other can be

illustrated and seen from correlation matrices (1),

(2), and (3).

deposits to assets ratio (positive), trading

investments and cash to deposits (negative), but the

correlation is significant at the (0.05) level (one-

tailed) with debt ratio (negative), and profit margin

(positive).

There are correlations with dividends per share

(positive).

Table 8. Correlation Matrix (1) Shares’ Turnover Ratios and Independent Items

the variance of analysis for measured variables and

predictor variables with calculated (F) and

significance levels for each model of regression. In

the next three tables; Table 12, Table 13 and Table

14 illustrate and represent the coefficients for

share to earnings-per-share ratios with calculated

beta, (t), significance level, and variance inflation

factors for predictor items and variables and the

constant. After that, under each table, there is the

equation of regression with beta values.

The study reached that the casual values of the study

have significant results and impact on the measured

values with positive signs for return on equity, profit

margin, and deposits-to-assets, on shares turnover

ratios and price-earnings ratios combined with debt

in addition, cash and trading investments-to-deposits

have a minus impact on all explained variables.

Table 15, Table 16 and Table 17 represent the

accepted alternative hypotheses for this analysis.

In analyzing the results of findings the impact of

independent values on shares’ turnover and price-

earnings ratios as measured variables, Islamic banks

are recommended and advised to focus on

increasing total return (total income) for enhancing

per share where Islamic banks must manage for a

long time trading investments and cash to deposits

as total and manage return on equity by giving

attention to the percentage growth of trading

new shares and trading the current shares with huge

[4] Shaikh, Salman Ahmed, (2014), “Analysis of

[5] Milhem, Maysa’a Munir; Istaiteyeh, Rasha M.

[7] Lewis, Mervyn k., (2015), "Models of Islamic

[9] Hassan, M. Kabir; Aliyu, Sirajo, (2018), "A

[10] Ledhem, Mohammed Ayoub; Mekidiche,

[12] Ul Rehman, Shakeel; Almonifi, Yasser Saleh