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Impact of sukuk on economic growth in the Middle East
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Arash Najafpour1   , Hamed Fazeli Kebria2 , Mohammad Pour Esmayal3 |
1- responsible for the writer , graduate of the Undergraduate Business Administration Master of Higher Education Nonprofit Knowledge babol.
2- Assistant Professor, Department of Management, Payame Noor University
3- MSc Mba Marketing Orientation, Non-Profit Higher Education Institute |
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Abstract: (4093 Views) |
growing developing economies need considerable finance executives of using resources from domestic and international markets for the survival and development . One of the recent innovations in the Islamic financial and monetary discussions , the release of all kinds of Islamic bonds called sukuk . the main aim , to identify and driving the creation of one of the last century and the financial crisis as a result of the creation of a financial system, comprehensive and stable development of economic growth and markets. Since a new instrument sukuk financing for the Islamic Sharia jurisprudence and that Islam is compatible with that many Islamic countries and non - Islamic use it. The present study examines the impact of sukuk on economic growth in selected countries. For this purpose, sukuk, a new Islamic finance instrument, and statistical data from 2009-2015 and the method of econometric estimation of panel data have been used. The results of the model estimation show that sukuk has a positive and significant impact on economic growth in the studied countries.
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| Keywords: Sukuk, Economic Growth, Islamic Finance, Financial financing, Panel Data. |
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Full-Text [PDF 765 kb]
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Article type: Research |
Subject:
Special
Received: 2019/01/14 | Accepted: 2020/01/4 | Published: 2020/01/15
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