 Islamic Finance Development and Economic Growth Nexus: The Case of the United Arab Emirates (UAE)Abdelghani Echchabi and Dhekra Azouzi American Journal of Economics and Business Administration, 2015, vol. 7, issue 3, 106-111 Abstract: Islamic Banking presently knows a great success and new Islamic banks are opening every day all over the world. This Shari’ah (It is the bod of Islamic law, it literally means "way" or "path") compliant banking is expected to withstand the financial crises and to enhance economic growth. In this paper, the purpose is to analyse the relationship between Islamic banking development and economic growth in the UAE from Q1: 2004 to Q4: 2011 using co-integration and Granger causality tests. This study reveals that no relationship does exist between Islamic banking development and economic growth in the UAE. Such a result can be attributed to the small component of Islamic banking in the global banking sector and to its declining profitability in the period of study. The study enriches the literature on Islamic finance development and economic growth, which is still an under-researched area, especially in the MENA region. Keywords: Islamic Banking; Islamic Finance; Economic Growth; UAE (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:abk:jajeba:ajebasp.2015.106.111 DOI: 10.3844/ajebasp.2015.106.111 Access Statistics for this article More articles in American Journal of Economics and Business Administration from Science Publications |
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