MACROECONOMIC FACTORS AND ISLAMIC BANKING DEVELOPMENT IN SELECTED ORGANIZATION OF ISLAMIC COOPERATION (OIC) COUNTRIES

The objective of this particular research would be to check out the connection among macroeconomic aspects (financial visibility, pumpiing, financial development, plus trade rate) in addition to Islamic financial advancement within chosen Business associated with Islamic Assistance (OIC) nations. This particular research used a set impact design utilizing the information associated with 43 Islamic banking institutions through ten OIC nations around the world through the year 2010 in order to 2017. Likewise, all of us evaluated 43 standard banking institutions from your exact same nations and also to evaluate the particular family member progress Islamic financial institutions to be able to standard banking companies. This specific papers is an attempt in order to fill up the particular space within the partnership in between macroeconomics and even Islamic bank growth within OIC places. The outcomes demonstrated that will macroeconomic factors clarify, to some extent typically the variance within Islamic financial advancement. Particularly, GROSS DOMESTIC PRODUCT development, pumping, together with monetary visibility favorably effect Islamic bank growth as the trade price includes an unfavorable influence. This kind of study also available that this Islamic financial enhancement price within picked OIC nations is 189 percent greater than the traditional financial progress level within the similar locations, for that amount of examine.