Ownership structure is considered an important factor that affects a firm’s health. Ownership identities are able to influence the governance issues- asymmetric information, agency conflicts and risk. This study conducted to investigate the relationship between ownership structures on bank performance in Malaysia consists local Islamic banks and foreign Islamic Banks. Secondary data extracted from annual reports of 3 local Islamic Banks and 3 foreign Islamic Banks from 2015 to 2016 period are collected. Techniques of data analysis used in this study are normality, heteroscedasticity, auto-correlation, correlation and panel data test. Panel data test describe the analysis on fixed effect model (FEM), random effect model (REM) and Hausman test. The result showed that foreign ownership and bank performance has a positive relationship to each other. It means it has largest impact to bank performance compared to local ownership structure.