العلاقة بين التمويل الإسلامي و النمو الاقتصادي : دراسة قياسية

Abstract

The study aims to investigate the relationship between Islamic finance and economic growth, using two samples. The first sample aims to study the effect of Islamic finance Development on economic growth using annual data for twenty-nine countries during the period from 2013 to 2022. The second aims to study the relationship between Islamic banking finance and economic growth, using quarterly data for four selected countries during the period from the fourth quarter of 2013 to the first quarter of 2023. The results of Tow-Step Robust System GMM Dynamic Panel Data Estimation show a positive impact of the Islamic development index (IFDI) and qauantative development index (QDI) on economic growth in the first sample. The results of FMOLS showed a positive impact of Islamic banking finance, measured by the total financing provided by Islamic banks, on economic growth in the second sample. And the Dumitrescu Hurlin test indicates a unidirectional relationship from Islamic banking finance to economic growth.