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The role of islamic financial instruments to achieve economic development: malaysia as a model

Year: 2025

Type: article

Abstract: This research aimed to highlight the economic significance of Islamic bonds (Sukuk) and their role in the Malaysian Islamic financial market. It provided a definition of the Islamic financial market and several types of sukuk, as well as their economic relevance. The study employed a descriptive approach to describe its variables and an analytical approach to analyse the evolution of Islamic bonds worldwide and their development in the Malaysian financial market. It concluded that Malaysia's experience is a successful model, demonstrating the importance of Sukuk in the Malaysian Islamic market and their role in the development and improvement of several sectors.

Source: South Florida Journal of Development

DOI: 10.46932/sfjdv6n4-029

Authors: Mohamed El Bachir Morkane, Fethallah Mazouz, Mohamed Abdelouaheb Chani, Feriel Sabrina Soufi

Institution: Tissemsilt University

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4409508959

FWCI:

Cites: 1

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Related to: 10