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This paper examines the macroeconomic and institutional determinants of Sukuk market development using data of 5 GCC economies for the period 2001 to 2011. The paper finds that macroeconomic factors such GDP per capita, economy size and oil revenues have a positive impact on the development of...
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Purpose – The purpose of this paper is to compare the effects of Islamic financial development and conventional financial development on the economic growth for five GCC countries (Bahrain, Kuwait, Qatar Saudi Arabia and UAE).Design/Methodology/Approach – Using generalized least squares, OLS...
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Purpose – The aim of this paper is to review the different steps of development of Shariah governance system and to discuss the different practices of Shariah governance in Islamic financial institutions internationally.Design/methodology/approach – The paper has a particular focus on the...
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