ECONOMETRIC ANALYSIS OF FACTORS INFLUENCING THE EXPANSION OF ISLAMIC INVESTMENT PROJECTS IN THE REGIONS
DOI:
https://doi.org/10.60078/3060-4842-2025-vol2-iss2-pp386-396Abstract
The purpose of this study is to study the relationship between factors affecting the expansion of Islamic investment projects in the regions. The time series data from 2004 to 2024 on the number of Islamic investment projects in the regions and the independent factors that may affect were analyzed. The VAR model was used in our study. According to the results of our study, it was found that the selected independent factors are positively related to Islamic investment projects in the short term.
Keywords:
VAR (vector autoregression) time series Islamic finance investment projects IDBGReferences
Abul Hassan M. (2002) Sadeq “The Islamic Economy: A Survey of the Literature”.
Darrat, M.A. (2006). Islamic Finance: The Regulatory Challenge. The Journal of Financial Regulation and Compliance.
El-Ghazali, I. (2003). Iqtisodiyot va islomiy moliya: Teorik asoslar. Tashkent: Iqtisodiyot nashriyoti.
Furqani, H. and Mulyany, R. (2009). “Islamic banking and economic growth: Empirical evidence from Malaysia”. Journal of Economic Cooperation and Development, 30, 59-74.
Hassan, M. K., & Lewis, M. K. (2007). Handbook of Islamic Banking. Edward Elgar Publishing.
Iqbal, M., & Mirakhor, A. (2007). An Introduction to Islamic Finance: Theory and Practice. Wiley Finance.
Johansen, S. (1991). “Estimation and hypothesis of cointegrating vectors in Gaussian vector autoregressive models”. Econometrica, 59(6), 1551-1580.
Johansen, S., and Juselius, K. (1990). “Maximum likelihood estimation and inference on cointegration with application to the demand for money”. Oxford Bulletin of Economics and Statistics, 52, 169-210.
Majid, S.A. and Kassim, S. (2015). “Islamic finance and economic growth: The Malaysian experience”. In: Kuala Lumpur Islamic Finance Forum, Kuala Lumpur, 2-5 August 2010.
Monzer Kahf (2003) “Islamic Economic and Financial Systems”.
Muhammad Yunus “Microfinance and Social Business: A New Paradigm” (2008)
Sundararajan, V., & Errico, L. (2002). Islamic Financial Institutions and Contracts: Opportunities and Challenges. IMF Working Paper.
Yüksel, Serhat & Canöz, İsmail. (2017). Does Islamic Banking Contribute to Economic Growth and Industrial Development in Turkey?. Ikonomika. 2. 301-310. 10.24042/febi.v2i1.945.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
