Dynamic and sensitivity analysis of Islamic financing and economic development
Joint Authors
Naveed, Muhammad
Zada, Najib
Bilal, Ahmad Rida
Hamid, Nailah
Source
Journal of Islamic Business and Management
Issue
Vol. 6, Issue 2 (31 Dec. 2016), pp.41-53, 13 p.
Publisher
Riphah International University Riphah Centre of Islamic Business
Publication Date
2016-12-31
Country of Publication
Pakistan
No. of Pages
13
Main Subjects
Economics & Business Administration
Islamic Studies
Abstract EN
Islamic banking achieved remarkable growth as a result of structural developments in products innovation over recent decades.
In the aftermath of Global Financial Crises (2008), the growth has been fuelled with faster growth in Islamic banks financing.
However, the research mostly remained focused on concepts like risk sharing, liquidity issues and financial innovation, during the formative years of Islamic banking.
Examining the influence of Islamic banking on economic development under different economic condition, therefore, largely remained an unexplored area.
This study aims to look into this aspect of Islamic banking and applies dynamic and sensitivity analysis techniques to determine the effects of Islamic financing on the economic growth during different economic periods.
The study finds a positive relationship between Islamic banks financing and the economic development.
Speed of adjustment estimator provides trade-off between speed of adjustment and cost of being off target.
The study provides useful guidance for economists and policy makers to corroborate Islamic banks financing as one of the important drivers of GDP growth.
Furthermore, a greater understanding of this framework could be established by investigating the comparative impact of Islamic and conventional bank financing on economic development.
American Psychological Association (APA)
Naveed, Muhammad& Bilal, Ahmad Rida& Zada, Najib& Hamid, Nailah. 2016. Dynamic and sensitivity analysis of Islamic financing and economic development. Journal of Islamic Business and Management،Vol. 6, no. 2, pp.41-53.
https://search.emarefa.net/detail/BIM-728909
Modern Language Association (MLA)
Naveed, Muhammad…[et al.]. Dynamic and sensitivity analysis of Islamic financing and economic development. Journal of Islamic Business and Management Vol. 6, no. 2 (Dec. 2016), pp.41-53.
https://search.emarefa.net/detail/BIM-728909
American Medical Association (AMA)
Naveed, Muhammad& Bilal, Ahmad Rida& Zada, Najib& Hamid, Nailah. Dynamic and sensitivity analysis of Islamic financing and economic development. Journal of Islamic Business and Management. 2016. Vol. 6, no. 2, pp.41-53.
https://search.emarefa.net/detail/BIM-728909
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 52-53
Record ID
BIM-728909