The Role of Islamic Financial Markets in Economic Development: A Special Case Study of Malaysia

Abstract

They came this study to shed light on the role and importance of Islamic financial instruments , particularly those compliant equities and the provisions of Islamic laws and Islamic Sukuk and Islamic Investment Funds in promoting and developing the Islamic financial market , where it was found that the success of this market and its development depends closely on the diversity and the development of Islamic financial instruments traded in , as the availability of more than one alternative for investors to confer success and excellence on the performance of the financial market and is of the most prominent factors of growth , cohesion , and also shows that through Islamic financial Engineering can be developed and innovative financial instruments Muslim will expand and revitalize the Islamic financial market, which complement and contribute to the development of Islamic banking on the one hand , and is working to strengthen economic growth in the Islamic countries on the hand other.