Please use this identifier to cite or link to this item:
https://dspace.univ-ouargla.dz/jspui/handle/123456789/31743
Title: | The effectiveness of Sukuk (Islamic bonds) financing on the financial stability of Islamic banks |
Other Titles: | An empirical evidence from Malaysia |
Authors: | Moussaoui Warda Ledhem Mohammed Ayoub |
Keywords: | Sukuk Financing Financial Stability Z-Score Islamic Financial Markets Bootstrap Quantile Regression |
Issue Date: | 31-Dec-2022 |
Series/Report no.: | Volume 9, Numéro 2 2022; |
Abstract: | This paper aims to investigate empirically the impact of Sukuk (Islamic bonds) financing on the financial stability of Islamic banking in Malaysia. This paper applied bootstrap quantile regression as an optimal estimation approach to investigate the impact of Sukuk financing on the financial stability of Islamic banking in Malaysia spanning from 2013Q4 to 2019Q3. Sukuk financing was proxied by the total issued Sukuk holdings, while the financial stability of Islamic banking was calculated by the Z-score formula. The sample covered all full-fledged Islamic financial institutions in Malaysia. The findings demonstrated that Sukuk financing is enhancing the financial stability of Islamic banking in Malaysia which reflects the significant role of the Islamic financial markets of Sukuk as a vital contributor to financial stability. This paper would fill the literature by investigating the role of Sukuk financing on the financial stability of Islamic banking in Malaysia as a successful experiment, as the outcome of this paper serves as a guide for financial researchers, decision-makers, and policymakers to improve the Sukuk market globally as an alternative financing source for the best contribution to the financial stability of Islamic banking and the economic stability. |
Description: | المجلة الجزائرية للتنمية الإقتصادية |
URI: | https://dspace.univ-ouargla.dz/jspui/handle/123456789/31743 |
ISSN: | 2392-5302 |
Appears in Collections: | Number 17 Dec 2022/ V 9 N 2 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
ARED090224f.pdf | 832,37 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.