Impact of Sukuk Issuance on Bahrain Economic Growth

International Journal of Business Society, Vol. 4, Issue 8
Abdelkhleg M. M. ElkormagiDr. Hazianti Binti Abdul HalimRusliza Binti Yahaya
Sukuk issuanceEconomic growthBahrain
PDFRegular IssueDOI: 10.30566/ijo-bs/2020.34
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Abstract

This study aims to investigate the impact of Sukuk issuances on the economic growth in Bahrain. The time series of the data over the period 1996-2016 is used. The retrieved data is tested using a linear regression model.The finding showed a significant and negative impact of Sukuk issuances on the economic growth over the tested period. This is attributed to the leaking of the money supply to be invested into long-term financial instruments represented by Sukuk, which lower the investment opportunity, specifically most of these issuances in property sectors with lower money cycle within the economy.

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Article Information

Article Details
Volume & IssueVol. 4, Iss. 8
Publication DateSep 28, 2020
Authors
Abdelkhleg M. M. Elkormagi
Dr. Hazianti Binti Abdul Halim
Rusliza Binti Yahaya
DOI
10.30566/ijo-bs/2020.34
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