Abstract
The purpose of this paper is to initially contribute to the literature linking the global financial crisis and performance of Islamic banks. Thus, it is important for everyone's future to study the current crisis in order to develop sustainable financial practices and in quest of a new business model based on sharing the profit and loss. This sustainable financial practice is based on non-interest-based transactions but profit and loss sharing, which should be in practice at the financial system. In this paper, the performance of the Islamic banks in a period of crisis, were tested. The sample of 29 Islamic banks from 7 countries and from a period of study of 7 years (2006-2012), was used. According to the empirical results, it was concluded that the Islamic banks are not affected by the financial crisis of 2007.