Master’s Degree Awarded to Mr. Ali Ahmed Al-Ghudhaifi in Accounting
Mr. Ali Ahmed Ali Saleh Al-Ghudhaifi was awarded a Master’s Degree in Accounting for his thesis titled: The Impact of Compliance with Governance Principles on the Efficiency of Financial Performance of Yemeni Islamic Banks According to the SCAMELS Model: An Applied Field Study, which was submitted to the Faculty of Commerce and Economics – Sana’a University. The MA defense was held on Thursday, January 8, 2026.
The MA Viva-voce Committee, which was formed based on a resolution issued by the Graduate Studies and Scientific Research Council, consisted of the following:
# Committee Members Designation Position
1 Assoc. Prof. Sultan Hassan Mohammed Al-Halemi External Examiner Chair
2 Dr. Ibrahim Abdulquddus Ahmed Mufaddal Main Supervisor Member
3 Dr. Abdullah Ahmed Omar Bamashmous Internal Examiner Member
The study aimed to determine the impact of compliance with governance principles on the efficiency of financial performance in Yemeni Islamic banks, in accordance with the SCAMELS model
The study yielded several key findings summarized as follows:
A statistically significant and strong positive relationship was confirmed between compliance with governance principles and the efficiency of financial performance in Yemeni Islamic banks, as measured by the SCAMELS model.
All governance principles, without exception, were shown to contribute to improved financial performance and banking stability.
The effectiveness of boards of directors and banking supervision was emphasized as a decisive factor in enhancing financial efficiency and reducing risks.
Sustainability and institutional resilience were identified as modern and influential factors in raising financial performance efficiency.
The SCAMELS model proved effective as a comprehensive tool for evaluating financial and Sharia performance, accurately diagnosing strengths and weaknesses.
Based on these findings, the researcher recommended the following:
Adopting the SCAMELS model by Central Bank of Yemen, as it is an approved supervisory framework for evaluating the performance of Islamic banks.
Strengthening the practical implementation of banking governance principles and linking compliance with them to licensing and periodic regulatory evaluation.
Emphasizing the periodic updating of the governance guidelines and regulatory regulations issued by the Central Bank of Yemen.
Developing financial and Sharia disclosure and enhancing transparency to strengthen the confidence of clients and investors.
Activating the role of boards of directors and audit and risk committees and strengthening their independence to improve financial and operational performance.
The defense session was attended by a number of academics, researchers, students, colleagues, and the researcher’s family.
