Muqtasid: Jurnal Ekonomi dan Perbankan Syariah
Vol 12, No 2 (2021): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah

Investment, Deposit Interest Rates, and Real Sector Performance: A Case Study of Islamic Finance in Malaysia

Regina Niken Wilantari (Fakultas Ekonomi dan Bisnis Universitas Jember)
Eny Lestari Widarni (STIE Jaya Negara Tamansiswa Malang)
Suryaning Bawono (STIE Jaya Negara Tamansiswa Malang)



Article Info

Publish Date
31 Dec 2021

Abstract

This study aims to examine the influence of interest rates, GDP, consumption, and investment on Islamic finance in Malaysia. Also, it focuses on the causal relationship between the macroeconomic and humanistic approach in understanding the role of Muslim economics. Data were analyzed using the Vector Error Correction Model and the results showed that interest rates negatively affect the real sector. Therefore, the Islamic financial system with a zero or no interest-based interest rate tends to promote a social economy

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Journal Info

Abbrev

muqtasid

Publisher

Subject

Economics, Econometrics & Finance

Description

Muqtasid: Jurnal Ekonomi dan Perbankan Syariah (Muqtasid), with registered number ISSN 2087-7013 (Print) and ISSN 2527-8304 (Online), is a peer-reviewed journal published two times a year (January-June, and July-December) by Faculty of Islamic Economics and Business, IAIN Salatiga. Muqtasid is ...