文章基本信息

标题：Murabahah Versus Interest Rate, the Equilibrium Relationship with Macroeconomic Variables in Jordanian Economy: An ARDL Approach
本地全文：下载
作者：Mahmoud Khalid Almsafir ; Mahmoud Khalid Almsafir ; Ayman Abdalmajeed Alsmadi 等
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2014
卷号：129
页码：349-357
DOI：10.1016/j.sbspro.2014.03.687
语种：English
出版社：Elsevier
摘要：AbstractIn the first decade of the 21st century, the world witnessed another global financial crisis, which was inaugurated in late last quarter of 2007. Its impacts that still can be seen everywhere until now has left severe impacts on the macroeconomic variables such as, Gross Domestic Product, Unemployment Rate, Inflation Rate, and Exchange Rate. This paper attempts to investigate the effects of MURABAHAH and interest rate on the global financial crisis 2008. Effects of MURABAHAH and IR on the financial crisis through its known and obvious indications or magnifications were intensely explained in this study. Six variables were targeted in this study, that are, Murabahah Rate, Interest Rate, Inflation Rate, Unemployment Rate, Exchange Rate and Gross Domestic Product. The data for this study was collected from Jordanian statistics department, Central Bank of Jordan, World Bank, and Jordanian Islamic Bank. The time series of 1984- 2012 was chosen as the study duration. The outcome of this paper show that the effect of macroeconomic variables on Murabahah is acceptable compare with its impact on Interest rate and Murabahah can make equilibrium faster than interest rate. However, the police makers in Jordan must pay more attention to the Islamic finance as an alternative of conventional finance.
关键词：Murabahah;interest rate;exchange rate;inflation rate;unemployment rate;Autoregressive Distributed Lag approach.