Document Type : Original Article

Authors

1 Master of Islamic Financial Economics, Department of Economics, Faculty of Economics and Islamic Banking, Kharazmi University, Tehran, Iran

2 Associate Professor of Economics, Department of Economics, Faculty of Economics and Islamic Banking, Kharazmi University, Tehran, Iran

Abstract

The development of the debt market, as one of the pillars of the country's financial system, plays an important role in improving the allocation of investment resources as well as solving the problem of credit crunch. In this regard, the capital market, with its high potential, has designed and published a variety of Islamic financial instruments, and also according to the resolutions of the Jurisprudence Committee of the Securities and Exchange Organization, it has provided the possibility of trading a range of public and private sector bonds with various financing issues. So that private companies and especially the government have been able to use the high capacities of the country's capital market. Therefore, a detailed understanding of the challenges of the development of this market in Iran can play an important role as the first step in the growth and development of this market. Therefore, the current research aims to investigate the relationship between the Sukuk market and the GDP in Iran's economy from 2010 to 2021 in the form of seasonal data frequency using the Generalized Moments Model (GMM). The research results show that the Sukuk index has a positive effect on the GDP.

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Main Subjects

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