Article | Open Access | Published: 10 July 2023
Integration of Islamic Financial Growth in evolving Islamic Nations: Comparative Analysis of Non-Islamic and Islamic Banking
| Views: | 27 | | | Downloads: | 18 |
Abstract:
The goal of this study is to contrast how Islamic and Non-Islamic financial development affects economic growth.The authors gathered data on the Islamic banking system and the conventional banking system from 2007 to 2014 in Pakistan, Turkey, and Malaysia, three comparable nations with a developing Islamic financial development industry. This study report provides an unbiased assessment of the economic progress and financial development's impact of Asian Islamic nations. The total assets, private credit, and influence on the economic growth of conventional and Islamic banking have all been rigorously examined in the study. Additionally, the random-effects GLS regression technique is used, and the findings show that financial development indicators significantly aide in the expansion of the economy. This study will emphasize the significant contribution of Islamic private-sector loans.
Keywords:
Private Credits, Islamic Banking, Conventional Banking, GDP Per Capita.
Publisher:
ILMA UNIVERSITY
Published:
10 July 2023
Issue:
Issue 1 : Volume 19
E-ISSN:
2409-6520
P-ISSN:
2414-8393
DOI:
-
This is an open access article distributed under the terms of the Creative Commons Attribution CC BY 4.0 license, which permits any use, distribution, and reproduction of the work without further permission provided the original author(s) and source are credited.