An econometric analysis of islamic banking development in Saudi Arabia
Author
Uqayli, Muhammad Bin Musa Uthman Bin Muhammad
Source
Issue
Vol. 15, Issue 2 (30 Apr. 2014), pp.1-20, 20 p.
Publisher
Cairo University Faculty of Economics and Political Science
Publication Date
2014-04-30
Country of Publication
Egypt
No. of Pages
20
Main Subjects
Financial and Accounting Sciences
Topics
- Banks
- Islamic jurisprudence
- Economic conditions
- Economic development
- Islam
- Econometrics
- Economic sociology
- Financial policy
- Saudi Arabia
- Economic aspects
- Religious aspects
- Banking
- Islamic Banks
Abstract EN
The paper re-examines relationship between Islamic Banking Development and Economic Growth in Saudi Arabia for a period (2000 : 1-2013 : 3), by utilizing the bound testing approach of co-integration, error correction models, and multivariate granger causality between Islamic Banking Financing, Gross Domestic Product, Fixed Investment and Trade Activities, respectively, developed within an autoregressive distributed lag (ARDL) approach.
The findings show that there is a significant relationship between Islamic financial development and economic growth, and all variables are co-integrated Granger-causes each other in Saudi Arabia and there is a bi-directional relationship between the variables.
The empirical evidence indicates further development of Islamic finance will contribute to the economic growth in Saudi Arabia 30 / 4 / 2014.
American Psychological Association (APA)
Uqayli, Muhammad Bin Musa Uthman Bin Muhammad. 2014. An econometric analysis of islamic banking development in Saudi Arabia. al-Nahḍah،Vol. 15, no. 2, pp.1-20.
https://search.emarefa.net/detail/BIM-364636
Modern Language Association (MLA)
Uqayli, Muhammad Bin Musa Uthman Bin Muhammad. An econometric analysis of islamic banking development in Saudi Arabia. al-Nahḍah Vol. 15, no. 2 (Apr. 2014), pp.1-20.
https://search.emarefa.net/detail/BIM-364636
American Medical Association (AMA)
Uqayli, Muhammad Bin Musa Uthman Bin Muhammad. An econometric analysis of islamic banking development in Saudi Arabia. al-Nahḍah. 2014. Vol. 15, no. 2, pp.1-20.
https://search.emarefa.net/detail/BIM-364636
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 13-16
Record ID
BIM-364636
