Murabahah Versus Interest Rate, the Equilibrium Relationship with Macroeconomic Variables in Jordanian Economy: An ARDL Approach

Almsafir, Mahmoud Khalid; Alsmadi, Ayman Abdalmajeed

doi:10.1016/j.sbspro.2014.03.687

Cited by 10 publications

(11 citation statements)

References 2 publications

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“…Within the scope of macroeconomic indicators, real GDP, inflation and employment rate are used as independent variables (Al-Fawwaz et al, 2015;Zahid and Basit, 2018). On the other hand, murabaha is analyzed as a dependent variable (Almsafir and Alsmadi, 2014;Ahmad et al, 2015). Murabaha data reflects the total value of six participation banks operating in the Turkish participation banking sector.…”

Section: Methodsmentioning

confidence: 99%

“…The results obtained from the analysis of this study are similar to the results of the studies in the literature. For example, the study results conducted by Almsafir and Alsmadi (2014), Ahmad et al (2015), and Zahid and Basit (2018) noted that participation banking and murabaha finance had a significant impact on the growth of the country's economies and macroeconomic variables.…”

Section: Conclusion and Recommendationsmentioning

confidence: 99%

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The Relationship Between Murabaha and Macroeconomic Dynamics

Ergün

2022

Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi

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The concept of murabaha is expressed as cost plus profit share sales. Murabaha, known as the participation finance product, has an important place in the interest-free financial system. In this context, it is aimed to reveal the relationship between murabaha and macroeconomic variables on the Turkish sample in this study. In the research model, murabaha is used as a dependent variable, while Gross Domestic Product (GDP), employment rate, and inflation rate have been tested as independent variables within the scope of macroeconomic indicator. A total of 40 quarterly data between 2010-2019 have been analyzed using the Johansen cointegration, VECM Granger and Toda-Yamamoto causality test. According to the findings obtained from the analysis, murabaha and macroeconomic variables are statistically identical in the long term and move in the same direction together. According to the findings obtained from the Toda-Yamamoto analysis, a bidirectional causality has been found between murabaha and the GDP and employment rate, which is used as a macroeconomic indicator, while a one-way causality relationship has been found between murabaha and the inflation rate. The results indicate the existence of a long-run causality relationship between murabaha financing and various macroeconomic dynamics.

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Section: Methodsmentioning

confidence: 99%

Section: Conclusion and Recommendationsmentioning

confidence: 99%

The Relationship Between Murabaha and Macroeconomic Dynamics

Ergün

2022

Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi

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“…Ijarah is like a financial lease or lease agreement. In contrast to Murabahah, this type of contract transfers the use of the goods, namely the right to use them, and not the entire property (Almsafir & Alsmadi, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

Comparison and Simulation of Riba-free Investment with Riba-based Investment on Real Sector Productivity in Indonesia

Viphindrartin

Widarni²,

Setiyantono³

2022

APJME

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“…One of the most known products in Islamic banking is murabahah, a financing activity using a murabahah contract that in line with Islamic teachings. Almsafir and Alsmadi (2014) defined murabahah as a sale and purchase agreement between two or more parties. In this case, the Islamic bank sells goods to the second party (customer) against the profit margin, increases the price that bought it first from the market as long as the customers know the original price of the goods after they receive the goods.…”

Section: Literature Reviewmentioning

confidence: 99%

What Determines Murabahah Margin Income? Evidence from Islamic Commercial Banks in Indonesia

Wahyuni

Mulyany

Zuhri

2021

ABRIJ

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This study aims to examine factors that influence Murabahah margin income. Spefically it investigates the effect of the Central Bank of Indonesia Rate (BI Rate), Operating Expenses to Operating Income (OEOI), Non-Performing Financing (NPF), and wadiah savings on Murabahah margin income at Islamic Commercial Banks in Indonesia. The method used in this study is quantitative by using the multiple linear regression analysis to test the variables. 12 Islamic Commercial Banks were selected as the sample using a purposive sampling method. With 60 data observations for 5 years, the findings indicate that all the independent variables simultaneously affect the dependent variable. Partially, BI Rate does not affect Murabahah margin income, while in contrast, Operating Expenses to Operating Income (OEOI), Non-Performing Financing (NPF), and wadiah savings affect the Murabahah margin income.

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Murabahah Versus Interest Rate, the Equilibrium Relationship with Macroeconomic Variables in Jordanian Economy: An ARDL Approach

Cited by 10 publications

References 2 publications

The Relationship Between Murabaha and Macroeconomic Dynamics

The Relationship Between Murabaha and Macroeconomic Dynamics

Comparison and Simulation of Riba-free Investment with Riba-based Investment on Real Sector Productivity in Indonesia

What Determines Murabahah Margin Income? Evidence from Islamic Commercial Banks in Indonesia

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