MMM in the finance-growth nexus

Achmad Tohirin, Abd. Ghafar Ismail

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Sources of economic growth have been discussed in a large number of literature as an endless subject. Finance has been identified to have important role as the driver of economic growth. The best avenues and structures describing the relation is still an attractive area of research, the various views are continuously emerged. The advent of Islamic banking system even attracts more research to investigate the impact of the Islamic banking financing, especially mudharaba- musharaka-murabaha (MMM) on the nature of the finance-growth relation. This paper tries to explore this possibility by surveying the relevant existing literature. It might be indicated that, at the very least, the bank-based view will have stronger basis in explaining the finance-growth relation due the availability of equity-based financing under the Islamic banking system.

Original languageEnglish
Pages (from-to)130-147
Number of pages18
JournalInvestment Management and Financial Innovations
Volume8
Issue number3
Publication statusPublished - 2011

Fingerprint

Islamic banking
Finance
Economic growth
Financing
Banking system
Equity

Keywords

  • Economic growth
  • Equity financing
  • Finance
  • Modes of financing

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Economics and Econometrics
  • Finance

Cite this

MMM in the finance-growth nexus. / Tohirin, Achmad; Ismail, Abd. Ghafar.

In: Investment Management and Financial Innovations, Vol. 8, No. 3, 2011, p. 130-147.

Research output: Contribution to journalArticle

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