The impact of Islamic banking development and inflation rate on investment: A panel approach based on data from Iran, Malaysia and Turkey

Document Type : Research Paper


Department of Economics, Qazvin Branch, Islamic Azad University, Qazvin, Iran


One of the factors affecting the economic growth and development of countries is an investment, so it is very important to pay attention to the growth and expansion of investment and the factors affecting it. Therefore, the main purpose of this study is to investigate the impact of the development of Islamic banking and inflation on an investment. This research is descriptive in nature and applied in purpose. The relationships between the variables have been studied using the data panel method based on statistical data from Iran, Malaysia and Turkey for the period 2005 to 2020. To collect the necessary data and information to test the hypotheses, the data of the Central Bank of Iran and the World Bank have been used. Findings show that the variable of Islamic banking development has a positive and significant relationship with investment in selected countries and the variable of inflation rate has a significant but negative relationship with investment. Also, based on the results, a positive and significant relationship between GDP variables, the degree of trade openness with investment was determined.


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Volume 13, Issue 2
July 2022
Pages 2541-2550
  • Receive Date: 06 September 2021
  • Revise Date: 22 October 2021
  • Accept Date: 08 November 2021