المجلة الجزائرية للدراسات المالية والمصرفية
Volume 13, Numéro 1, Pages 04-26
2023-12-31

Effects Of Islamic Financial Markets’ Integration On The Performance Of Islamic Financial Sector: A Case Study Of Gulf Cooperation Council Countries

Authors : Djebbar Mahfoud . Merimet Adila .

Abstract

The objective of this study is to test the impact of the Islamic financial market’s integration upon the Islamic financial sector, taking the Gulf Cooperation Council countries, GCCCs, as a sample, and using indicators that represent both the financial market and the banking sector. The study concludes that integration of financial markets has a positive impact on market capitalizations of some GCC markets, while statistically no impact was recorded on bank credit, local liquidity and trading volume.

Keywords

Islamic financial institutions, Islamic financial markets’ integration, GGCl.