Capital is considered the engine of economic growth and development in all economic growth theories and models. Therefore, providing direct financing and attracting enough capital to implement economic plans is one of the most critical concerns of economic decision-makers in every society. By understanding this issue, compilers of Iran's economic development programs have stated that one of the crucial goals in the country is to provide the necessary grounds for developing monetary and financial markets. Currently, there are many financing tools in the world, most of which cannot be used in Islamic societies due to their nature of usury. The data from 2001 to 2018 for selected countries were extracted from WDI, ICRG, and IIFM databases and analyzed through the econometric method. The results showed a positive and significant effect of Sukuk issuance on the economic growth of Islamic countries. In the end, implications were made to attract liquidity using this tool. In Iran, the role of Sukuk on economic growth has not been investigated, and the critical point is that in this research, the data related to economic risk and political risk have been used and simultaneously, along with other variables, its effect on economic growth has been evaluated and analyzed.
Mohammadi, J., Ghasemzadeh Khosroshahi, A., & Khalili Araghi, M. (2024). The Role of Sukuk in the Economic Growth of Islamic Countries: An Approach to the Absorption of Liquidity Available in Iran. Iranian Journal of Accounting, Auditing and Finance, 8(2), 23-38. doi: 10.22067/ijaaf.2024.42948.1232
MLA
Javad Mohammadi; Ahmad Ghasemzadeh Khosroshahi; Maryam Khalili Araghi. "The Role of Sukuk in the Economic Growth of Islamic Countries: An Approach to the Absorption of Liquidity Available in Iran", Iranian Journal of Accounting, Auditing and Finance, 8, 2, 2024, 23-38. doi: 10.22067/ijaaf.2024.42948.1232
HARVARD
Mohammadi, J., Ghasemzadeh Khosroshahi, A., Khalili Araghi, M. (2024). 'The Role of Sukuk in the Economic Growth of Islamic Countries: An Approach to the Absorption of Liquidity Available in Iran', Iranian Journal of Accounting, Auditing and Finance, 8(2), pp. 23-38. doi: 10.22067/ijaaf.2024.42948.1232
VANCOUVER
Mohammadi, J., Ghasemzadeh Khosroshahi, A., Khalili Araghi, M. The Role of Sukuk in the Economic Growth of Islamic Countries: An Approach to the Absorption of Liquidity Available in Iran. Iranian Journal of Accounting, Auditing and Finance, 2024; 8(2): 23-38. doi: 10.22067/ijaaf.2024.42948.1232
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