The impact of Sukuk issuances on the economic growth in Malaysia

Sukuk market has faced tremendous growth for the past few years, world widely. Sukuk has been considered as one of the important components in the Islamic capital market whereby as one of the financial instruments that provide more returns to the issuers and eventually contribute to the economic gro...

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Main Author:	Siti Sarah, Mohd Zaki Fadzil
Format:	Thesis
Language:	eng eng eng
Published:	2019
Subjects:	HF5601-5689 Accounting
Online Access:	https://etd.uum.edu.my/8948/1/s823201_01.pdf https://etd.uum.edu.my/8948/2/s823201_02.pdf https://etd.uum.edu.my/8948/3/s823201_references.docx
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id	my-uum-etd.8948
record_format	uketd_dc
spelling	my-uum-etd.89482023-03-15T01:53:53Z The impact of Sukuk issuances on the economic growth in Malaysia 2019 Siti Sarah, Mohd Zaki Fadzil Che Arshad, Noraziah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5601-5689 Accounting Sukuk market has faced tremendous growth for the past few years, world widely. Sukuk has been considered as one of the important components in the Islamic capital market whereby as one of the financial instruments that provide more returns to the issuers and eventually contribute to the economic growth of a country. Hence, this study attempt to examine the impact of Sukuk issuances on the economic growth of Malaysia over a period of IO years from 2008 to 2017 on a yearly basis. There are six different types of Sukuk issuances which includes the long-term government/treasury/central bank (LGTC), long-term corporate (LCTE), long-term agency (LAGY), short-term government/treasury/central bank (SGTC), short-term corporate (SCTE) and short-term agency (SAGY) with the presences of the moderating variable which is the exchange rate (ER). The IO years' time-series data were analyzed by using the diagnostic test, unit root test and multiple regression analysis. The findings indicate that with the presences of the exchange rate, LCTE, SGTC, SCTE and SAGY found to have a significant and positive relationship with the economic growth (GDP) of Malaysia, whilst LGTC found not to be significant but shows a positive relationship with the GDP in Malaysia, and last but not least, LAGY is found to be significant but shows a negative relationship with the GDP in Malaysia. Therefore, the Sukuk issuances give impact on the economic growth of Malaysia, whereby with the presences of the moderating variable, the long-term and short-term Sukuk issuances can spur the economic growth of Malaysia. 2019 Thesis https://etd.uum.edu.my/8948/ https://etd.uum.edu.my/8948/1/s823201_01.pdf text eng public https://etd.uum.edu.my/8948/2/s823201_02.pdf text eng public https://etd.uum.edu.my/8948/3/s823201_references.docx text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Che Arshad, Noraziah
topic	HF5601-5689 Accounting
spellingShingle	HF5601-5689 Accounting Siti Sarah, Mohd Zaki Fadzil The impact of Sukuk issuances on the economic growth in Malaysia
description	Sukuk market has faced tremendous growth for the past few years, world widely. Sukuk has been considered as one of the important components in the Islamic capital market whereby as one of the financial instruments that provide more returns to the issuers and eventually contribute to the economic growth of a country. Hence, this study attempt to examine the impact of Sukuk issuances on the economic growth of Malaysia over a period of IO years from 2008 to 2017 on a yearly basis. There are six different types of Sukuk issuances which includes the long-term government/treasury/central bank (LGTC), long-term corporate (LCTE), long-term agency (LAGY), short-term government/treasury/central bank (SGTC), short-term corporate (SCTE) and short-term agency (SAGY) with the presences of the moderating variable which is the exchange rate (ER). The IO years' time-series data were analyzed by using the diagnostic test, unit root test and multiple regression analysis. The findings indicate that with the presences of the exchange rate, LCTE, SGTC, SCTE and SAGY found to have a significant and positive relationship with the economic growth (GDP) of Malaysia, whilst LGTC found not to be significant but shows a positive relationship with the GDP in Malaysia, and last but not least, LAGY is found to be significant but shows a negative relationship with the GDP in Malaysia. Therefore, the Sukuk issuances give impact on the economic growth of Malaysia, whereby with the presences of the moderating variable, the long-term and short-term Sukuk issuances can spur the economic growth of Malaysia.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Siti Sarah, Mohd Zaki Fadzil
author_facet	Siti Sarah, Mohd Zaki Fadzil
author_sort	Siti Sarah, Mohd Zaki Fadzil
title	The impact of Sukuk issuances on the economic growth in Malaysia
title_short	The impact of Sukuk issuances on the economic growth in Malaysia
title_full	The impact of Sukuk issuances on the economic growth in Malaysia
title_fullStr	The impact of Sukuk issuances on the economic growth in Malaysia
title_full_unstemmed	The impact of Sukuk issuances on the economic growth in Malaysia
title_sort	impact of sukuk issuances on the economic growth in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2019
url	https://etd.uum.edu.my/8948/1/s823201_01.pdf https://etd.uum.edu.my/8948/2/s823201_02.pdf https://etd.uum.edu.my/8948/3/s823201_references.docx
_version_	1776103706657292288

The impact of Sukuk issuances on the economic growth in Malaysia

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