Islamic financing towards economic growth: A study on 4 OIC countries
Islamic financing is a new phenomenal and one of the fastest growing component on financial system. The aim of this study is to examine the relationship between Islamic financing and economic growth of 4 OIC countries by using panel data from 1990 to 2012.This study employed panel unit root test and...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Islamic Business School
2016
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| Online Access: | https://repo.uum.edu.my/id/eprint/21085/1/IJIB%2011%282016%29%2050-59.pdf |
| _version_ | 1825804493605830656 |
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| author | Hafnida, , Maamor, Selamah Abdullah, Hussin |
| author_facet | Hafnida, , Maamor, Selamah Abdullah, Hussin |
| author_sort | Hafnida, , |
| collection | UUM |
| description | Islamic financing is a new phenomenal and one of the fastest growing component on financial system. The aim of this study is to examine the relationship between Islamic financing and economic growth of 4 OIC countries by using panel data from 1990 to 2012.This study employed panel unit root test and two stages least square (2SLS) as a method. The empirical results show that government expenditure and net export have impact to economic growth. Islamic financing is positive
and significantly correlated with economic growth in 4 OIC countries which reinforces the idea that a well-functioning banking system through of financial development will promotes economic growth. This study can be used by the government to take noted in offering more Islamic financing
because it’s profitable to improve their income and later will increase economic growth. |
| first_indexed | 2024-07-04T06:16:25Z |
| format | Article |
| id | uum-21085 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:16:25Z |
| publishDate | 2016 |
| publisher | Islamic Business School |
| record_format | eprints |
| spelling | uum-210852017-02-26T06:21:13Z https://repo.uum.edu.my/id/eprint/21085/ Islamic financing towards economic growth: A study on 4 OIC countries Hafnida, , Maamor, Selamah Abdullah, Hussin HC Economic History and Conditions Islamic financing is a new phenomenal and one of the fastest growing component on financial system. The aim of this study is to examine the relationship between Islamic financing and economic growth of 4 OIC countries by using panel data from 1990 to 2012.This study employed panel unit root test and two stages least square (2SLS) as a method. The empirical results show that government expenditure and net export have impact to economic growth. Islamic financing is positive and significantly correlated with economic growth in 4 OIC countries which reinforces the idea that a well-functioning banking system through of financial development will promotes economic growth. This study can be used by the government to take noted in offering more Islamic financing because it’s profitable to improve their income and later will increase economic growth. Islamic Business School 2016 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/21085/1/IJIB%2011%282016%29%2050-59.pdf Hafnida, , and Maamor, Selamah and Abdullah, Hussin (2016) Islamic financing towards economic growth: A study on 4 OIC countries. International Journal of Islamic Business (IJIB), 1 (1). pp. 50-59. ISSN 0127- 662X http://ijib.uum.edu.my/index.php/issue-1/ijib-11-jun-2016-50-59 |
| spellingShingle | HC Economic History and Conditions Hafnida, , Maamor, Selamah Abdullah, Hussin Islamic financing towards economic growth: A study on 4 OIC countries |
| title | Islamic financing towards economic growth: A study on 4 OIC countries |
| title_full | Islamic financing towards economic growth: A study on 4 OIC countries |
| title_fullStr | Islamic financing towards economic growth: A study on 4 OIC countries |
| title_full_unstemmed | Islamic financing towards economic growth: A study on 4 OIC countries |
| title_short | Islamic financing towards economic growth: A study on 4 OIC countries |
| title_sort | islamic financing towards economic growth a study on 4 oic countries |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/21085/1/IJIB%2011%282016%29%2050-59.pdf |
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