IMPACT OF ISLAMIC FINANCE ON ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS OF MUSLIM COUNTRIES

Islamic finance is one of the most rapidly growing sectors of the global financial system. This paper empirically outlines the pure effect of Islamic finance including Islamic banking and Islamic bonds on economic growth in major Muslim countries. Current study has taken up Islamic banks’ assets and...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Singapore economic review 2022-03, Vol.67 (1), p.245-265
Hauptverfasser:	NAZ, SYEDA AROOJ, GULZAR, SAQIB
Format:	Artikel
Sprache:	eng
Schlagworte:	Assets Banking Bonds Economic growth Economic theory Finance Financial systems GDP Gross Domestic Product International banking International finance Islam Islamic countries Islamic financing Muslims
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

container_end_page	265
container_issue	1
container_start_page	245
container_title	Singapore economic review
container_volume	67
creator	NAZ, SYEDA AROOJ GULZAR, SAQIB
description	Islamic finance is one of the most rapidly growing sectors of the global financial system. This paper empirically outlines the pure effect of Islamic finance including Islamic banking and Islamic bonds on economic growth in major Muslim countries. Current study has taken up Islamic banks’ assets and Islamic banks’ financing, total value of sukuk issued and real GDP as measuring proxies. For the analysis, PMG of ARDL framework has been utilized. The outcomes of the study revealed that in the long run, Islamic banks’ assets, Islamic banks’ financing and Islamic bonds are significantly correlated with real GDP in Muslim countries.
doi_str_mv	10.1142/S0217590819420062
format	Article
fullrecord	<record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_crossref_primary_10_1142_S0217590819420062</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2640497552</sourcerecordid><originalsourceid>FETCH-LOGICAL-c3722-8f54793d6ac1f17e22a9efc5bfa2270d646e7cd7b92293d744ea7c3ceec9b08d3</originalsourceid><addsrcrecordid>eNplkF1LwzAUhoMoOOZ-gHcBr6tJmiapd6V0LtCPsXZMr0qbplCZ62w2xH9vSkUvdnU45zzPSXgBuMfoEWNKnnJEMPd8JLBPCUKMXIEZ5r7rMOHyazAb1864vwULY7oaIcqoJ4SYgZ1M1kFYwGwJZR4HiQzhUqZBGkYwS2EUZmk2zl422a5YPcPAzpK13MgwiG0TxG-5zEc52eaxTGCYbdNiI6P8Dty01d7oxW-dg-0yKsKVE2cvo-wolxPiiNaj9qMNqxRuMdeEVL5ulVe3FSEcNYwyzVXDa58Qi3FKdcWVq7RWfo1E487Bw3T3OPSfZ21O5Xt_Hg72yZIwiqjPPY9YCk-UGnpjBt2Wx6H7qIbvEqNyjLC8iNA6cHK06g-d-TcEwozaeF8tgibkqx_2jVGdPpy6tlN_7OXVHyAcdPc</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2640497552</pqid></control><display><type>article</type><title>IMPACT OF ISLAMIC FINANCE ON ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS OF MUSLIM COUNTRIES</title><source>Business Source Complete</source><creator>NAZ, SYEDA AROOJ ; GULZAR, SAQIB</creator><creatorcontrib>NAZ, SYEDA AROOJ ; GULZAR, SAQIB</creatorcontrib><description>Islamic finance is one of the most rapidly growing sectors of the global financial system. This paper empirically outlines the pure effect of Islamic finance including Islamic banking and Islamic bonds on economic growth in major Muslim countries. Current study has taken up Islamic banks’ assets and Islamic banks’ financing, total value of sukuk issued and real GDP as measuring proxies. For the analysis, PMG of ARDL framework has been utilized. The outcomes of the study revealed that in the long run, Islamic banks’ assets, Islamic banks’ financing and Islamic bonds are significantly correlated with real GDP in Muslim countries.</description><identifier>ISSN: 0217-5908</identifier><identifier>EISSN: 1793-6837</identifier><identifier>DOI: 10.1142/S0217590819420062</identifier><language>eng</language><publisher>Singapore: World Scientific Publishing Company</publisher><subject>Assets ; Banking ; Bonds ; Economic growth ; Economic theory ; Finance ; Financial systems ; GDP ; Gross Domestic Product ; International banking ; International finance ; Islam ; Islamic countries ; Islamic financing ; Muslims</subject><ispartof>Singapore economic review, 2022-03, Vol.67 (1), p.245-265</ispartof><rights>2019, World Scientific Publishing Company</rights><rights>2019. World Scientific Publishing Company</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3722-8f54793d6ac1f17e22a9efc5bfa2270d646e7cd7b92293d744ea7c3ceec9b08d3</citedby><cites>FETCH-LOGICAL-c3722-8f54793d6ac1f17e22a9efc5bfa2270d646e7cd7b92293d744ea7c3ceec9b08d3</cites><orcidid>0000-0002-0352-5801</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925</link.rule.ids></links><search><creatorcontrib>NAZ, SYEDA AROOJ</creatorcontrib><creatorcontrib>GULZAR, SAQIB</creatorcontrib><title>IMPACT OF ISLAMIC FINANCE ON ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS OF MUSLIM COUNTRIES</title><title>Singapore economic review</title><description>Islamic finance is one of the most rapidly growing sectors of the global financial system. This paper empirically outlines the pure effect of Islamic finance including Islamic banking and Islamic bonds on economic growth in major Muslim countries. Current study has taken up Islamic banks’ assets and Islamic banks’ financing, total value of sukuk issued and real GDP as measuring proxies. For the analysis, PMG of ARDL framework has been utilized. The outcomes of the study revealed that in the long run, Islamic banks’ assets, Islamic banks’ financing and Islamic bonds are significantly correlated with real GDP in Muslim countries.</description><subject>Assets</subject><subject>Banking</subject><subject>Bonds</subject><subject>Economic growth</subject><subject>Economic theory</subject><subject>Finance</subject><subject>Financial systems</subject><subject>GDP</subject><subject>Gross Domestic Product</subject><subject>International banking</subject><subject>International finance</subject><subject>Islam</subject><subject>Islamic countries</subject><subject>Islamic financing</subject><subject>Muslims</subject><issn>0217-5908</issn><issn>1793-6837</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2022</creationdate><recordtype>article</recordtype><recordid>eNplkF1LwzAUhoMoOOZ-gHcBr6tJmiapd6V0LtCPsXZMr0qbplCZ62w2xH9vSkUvdnU45zzPSXgBuMfoEWNKnnJEMPd8JLBPCUKMXIEZ5r7rMOHyazAb1864vwULY7oaIcqoJ4SYgZ1M1kFYwGwJZR4HiQzhUqZBGkYwS2EUZmk2zl422a5YPcPAzpK13MgwiG0TxG-5zEc52eaxTGCYbdNiI6P8Dty01d7oxW-dg-0yKsKVE2cvo-wolxPiiNaj9qMNqxRuMdeEVL5ulVe3FSEcNYwyzVXDa58Qi3FKdcWVq7RWfo1E487Bw3T3OPSfZ21O5Xt_Hg72yZIwiqjPPY9YCk-UGnpjBt2Wx6H7qIbvEqNyjLC8iNA6cHK06g-d-TcEwozaeF8tgibkqx_2jVGdPpy6tlN_7OXVHyAcdPc</recordid><startdate>202203</startdate><enddate>202203</enddate><creator>NAZ, SYEDA AROOJ</creator><creator>GULZAR, SAQIB</creator><general>World Scientific Publishing Company</general><general>World Scientific Publishing Co. Pte., Ltd</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><orcidid>https://orcid.org/0000-0002-0352-5801</orcidid></search><sort><creationdate>202203</creationdate><title>IMPACT OF ISLAMIC FINANCE ON ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS OF MUSLIM COUNTRIES</title><author>NAZ, SYEDA AROOJ ; GULZAR, SAQIB</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3722-8f54793d6ac1f17e22a9efc5bfa2270d646e7cd7b92293d744ea7c3ceec9b08d3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2022</creationdate><topic>Assets</topic><topic>Banking</topic><topic>Bonds</topic><topic>Economic growth</topic><topic>Economic theory</topic><topic>Finance</topic><topic>Financial systems</topic><topic>GDP</topic><topic>Gross Domestic Product</topic><topic>International banking</topic><topic>International finance</topic><topic>Islam</topic><topic>Islamic countries</topic><topic>Islamic financing</topic><topic>Muslims</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>NAZ, SYEDA AROOJ</creatorcontrib><creatorcontrib>GULZAR, SAQIB</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Singapore economic review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>NAZ, SYEDA AROOJ</au><au>GULZAR, SAQIB</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>IMPACT OF ISLAMIC FINANCE ON ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS OF MUSLIM COUNTRIES</atitle><jtitle>Singapore economic review</jtitle><date>2022-03</date><risdate>2022</risdate><volume>67</volume><issue>1</issue><spage>245</spage><epage>265</epage><pages>245-265</pages><issn>0217-5908</issn><eissn>1793-6837</eissn><abstract>Islamic finance is one of the most rapidly growing sectors of the global financial system. This paper empirically outlines the pure effect of Islamic finance including Islamic banking and Islamic bonds on economic growth in major Muslim countries. Current study has taken up Islamic banks’ assets and Islamic banks’ financing, total value of sukuk issued and real GDP as measuring proxies. For the analysis, PMG of ARDL framework has been utilized. The outcomes of the study revealed that in the long run, Islamic banks’ assets, Islamic banks’ financing and Islamic bonds are significantly correlated with real GDP in Muslim countries.</abstract><cop>Singapore</cop><pub>World Scientific Publishing Company</pub><doi>10.1142/S0217590819420062</doi><tpages>21</tpages><orcidid>https://orcid.org/0000-0002-0352-5801</orcidid></addata></record>
fulltext	fulltext
identifier	ISSN: 0217-5908
ispartof	Singapore economic review, 2022-03, Vol.67 (1), p.245-265
issn	0217-5908 1793-6837
language	eng
recordid	cdi_crossref_primary_10_1142_S0217590819420062
source	Business Source Complete
subjects	Assets Banking Bonds Economic growth Economic theory Finance Financial systems GDP Gross Domestic Product International banking International finance Islam Islamic countries Islamic financing Muslims
title	IMPACT OF ISLAMIC FINANCE ON ECONOMIC GROWTH: AN EMPIRICAL ANALYSIS OF MUSLIM COUNTRIES
url	https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-20T19%3A30%3A17IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=IMPACT%20OF%20ISLAMIC%20FINANCE%20ON%20ECONOMIC%20GROWTH:%20AN%20EMPIRICAL%20ANALYSIS%20OF%20MUSLIM%20COUNTRIES&rft.jtitle=Singapore%20economic%20review&rft.au=NAZ,%20SYEDA%20AROOJ&rft.date=2022-03&rft.volume=67&rft.issue=1&rft.spage=245&rft.epage=265&rft.pages=245-265&rft.issn=0217-5908&rft.eissn=1793-6837&rft_id=info:doi/10.1142/S0217590819420062&rft_dat=%3Cproquest_cross%3E2640497552%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2640497552&rft_id=info:pmid/&rfr_iscdi=true