The Role of Islamic Financing on Economic Growth of Selected Islamic Countries Using Panel Data (Case Study of Islamic Sukuk)
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Mohammad ghaffary fard1 , Adela Rahmati2 , Dawood Yusefzei3  |
1- Assistant professor . ahlul bayt international university. Tehran. Iran 2- Student of MA Islamic economics. ahlul bayt international university. Tehran. Iran 3- Student of MA Islamic economics. ahlul bayt international university. Tehran Iran |
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Abstract: (4651 Views) |
Capital is an indispensable tool for economic growth and prosperity, which is accelerated through the financial markets, and Islamic finance tools have developed significantly in Islamic countries in recent years. Islamic financing has emerged with the aim of presenting a new paradigm to replace traditional and traditional financial systems and providing Shariah-based financial, business and investment opportunities and opportunities in world financial literature. Economic growth of countries, Malaysia, Iran, Pakistan, Qatar, Bahrain, Turkey, Indonesia, United Arab Emirates and Saudi Arabia, using panel data, variables affecting economic growth (government spending, gross capital formation, labor force, export and trade) ) Was analyzed. The results show that the formation of gross capital, labor force, exports, government spending and Sukuk has influenced the economic growth of the country and financial market policymakers should pay special attention to the development of financial instruments in Islamic countries. |
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Keywords: : Financing, Economic Growth, Islamic Financing, Selected Countries, Panel Data |
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Article type: Applicable |
Subject:
Special Received: 2019/04/18 | Accepted: 2020/01/4 | Published: 2020/01/15
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