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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 an...

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Main Authors: Hafnida, Hafnida, Maamor, Selamah, Abdullah, Hussin
Format: Article
Language:English
Published: UUM Press 2016
Subjects:
HG Finance
Online Access:https://repo.uum.edu.my/id/eprint/29551/1/IJIB%2001%2001%202016%2050-59.pdf
https://doi.org/10.32890/ijib2016.1.1.4
https://repo.uum.edu.my/id/eprint/29551/
https://e-journal.uum.edu.my/index.php/ijib/article/view/13377
https://doi.org/10.32890/ijib2016.1.1.4
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spelling my.uum.repo.295512023-06-14T10:38:36Z https://repo.uum.edu.my/id/eprint/29551/ Islamic Financing Towards Economic Growth: A Study On 4 OIC Countries Hafnida, Hafnida Maamor, Selamah Abdullah, Hussin HG Finance 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 its profitable to improve their income and later will increase economic growth. UUM Press 2016 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/29551/1/IJIB%2001%2001%202016%2050-59.pdf Hafnida, 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 https://e-journal.uum.edu.my/index.php/ijib/article/view/13377 https://doi.org/10.32890/ijib2016.1.1.4 https://doi.org/10.32890/ijib2016.1.1.4
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Hafnida, Hafnida
Maamor, Selamah
Abdullah, Hussin
Islamic Financing Towards Economic Growth: A Study On 4 OIC Countries
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 its profitable to improve their income and later will increase economic growth.
format Article
author Hafnida, Hafnida
Maamor, Selamah
Abdullah, Hussin
author_facet Hafnida, Hafnida
Maamor, Selamah
Abdullah, Hussin
author_sort Hafnida, Hafnida
title 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_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_sort islamic financing towards economic growth: a study on 4 oic countries
publisher UUM Press
publishDate 2016
url https://repo.uum.edu.my/id/eprint/29551/1/IJIB%2001%2001%202016%2050-59.pdf
https://doi.org/10.32890/ijib2016.1.1.4
https://repo.uum.edu.my/id/eprint/29551/
https://e-journal.uum.edu.my/index.php/ijib/article/view/13377
https://doi.org/10.32890/ijib2016.1.1.4
_version_ 1769845900857835520
score 13.244369

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