أهمية الصكوك في السوق المالي الإسلامي الماليزي : تقدير العلاقة التوازنية بين الصكوك و السوق المالي الإسلامي باستخدام طريقة المربعات الصغرى المعدلة كليا

Abstract EN

Malaysia is one of the largest financial markets in the sukuk issue, exporting more than two-thirds of the sukuk value in the world in recent years.

It has achieved remarkable economic growth which has made it a list of the 20 countries.

Because Malaysia adopts the principles of Islamic banking since the eighties, and the establishment of regulations and legislative financing of various instruments and formulas, the most important is sukuk.

This paper aims is to demonstrate the importance of sukuk in financing Islamic financial market in Malaysia through two approaches: an analytical descriptive approach and a standard quantitative approach by estimating the Malaysia is one of the largest financial markets in the sukuk issue, exporting more than two-thirds of the sukuk value in the world in recent years.

It has achieved remarkable economic growth which has made it a list of the 20 countries.

Because Malaysia adopts the principles of Islamic banking since the eighties, and the establishment of regulations and legislative financing of various instruments and formulas, the most important is sukuk.

This paper aims is to demonstrate the importance of sukuk in financing Islamic financial market in Malaysia through two approaches: an analytical descriptive approach and a standard quantitative approach by estimating the relation between sukuk and Islamic financial market in Malaysia during the period 2001-2017 following the fully modified least-squares method -FMOLS- by Using the eviews 9 program.

This paper concluded that where a strength long-term balance between sukuk and Islamic financial markets.

So, 99% of the evolution in the Malaysian Islamic financial market is explained by the evolution in sukuk, if sukuk issuance increases by 1%, Islamic financial market activity increases by 99%.