ORIGINAL RESEARCH ARTICLE | May 12, 2021
Nexus Islamic Banking and Economic Growth in Bahrain
Omar Salim Ali
Page no 180-191
Islamic banking has developed as an important tool for the progress of the economy in many countries because it based on investment and financing projects globally, reported by World Bank's 2015 report. In many parts of the world, Islamic economics has the prospective to contribute and to face the encounters of termination of poverty and rising development. This study undertaken in Bahrain in order for investigate the nexus of Islamic banking and economic growth. Bahrain become one among the most developed Islamic banking activities and other Islamic instruments like Takaful, capital market and so on. This paper based on two correlated specific objectives that were survey the long-term relationship and causal linkage between economic growth and Islamic banking in the Bahrain. Although Bahrain have many Islamic banks operated but for the purpose of the study and research problem with availability of data only one bank was selected which called Al Salam Bank. This bank have good experience, existed for long time and have already announce as one of the as the best and better performance Islamic bank in Bahrain. The study based on quantitative approach and data was secondary and collected from al salam annually financial statements and world bank data set for the period from 2000 to 2020 which was time series. Study variables were Islamic bank’s assets, Great fixed capital formation, GDP per capital and foreign direct investment. Methodology which applied were the unit root problem was tested, then testing the co-integration with long run structural model, then the VECM, then Variance decomposition then Impulse Response Function and finishing persistence profile. Findings shown that Islamic banking in Bahrain have positive long run with positive short run relationship with economic growth. Also result shown that Islamic bank asset take the leading variable on the affect the GDP in Bahrain which supported by VECM. These outcomes give implication that the growth and development of Islamic banks in Bahrain have advantageous on the economy and households income of Bahrain. So it is better for police markers in Bahrain to increase more for taking considerable efforts for Islamic banks operation in order to provide much positive relation with their economy and to be a source for improvement of other sectors of economy in Bahrain.
China meets the newest challenge and opportunity to lead world economy towards new constitutional mechanism which has like technological modern developed country. So that the science will be the first factor to search for better method and theory then it applies to new industrious revolution. The destination can be convenient to human service so we may create idea to be served for public health and enjoyment. A new study will be created by us to convenience to human health and long life ultimately. For the sake of this the base science and applied technology will be dominant which may be found by us to solve these concerns. To promote industrious level the military like aircraft carrier, fighter and missile even spaceflight may be service for us to utilize more peaceful method on our surround and aerospace even planet.
Volatility prediction has been one of the most crucial topics in the hallways of financial markets. It is of vital significance in the areas of risk management, asset pricing and financial decision making process for several stakeholders. Many volatility models prevail for predicting future volatility but one of the most intriguing methods is the implied volatility which is mainly a market-centered volatility forecast. Present study is an attempt to know the suppositions of various researchers transversely assets and markets that have tested the predictive abilities of the implied volatility in order to understand its supremacy as compared to the other models.
ORIGINAL RESEARCH ARTICLE | May 30, 2021
The Effect of Carbon Emission Disclosure and Social Performance on Financial Performance, with Firm Growth as Moderation
Siti Choiriah, Ria
Page no 205-212
This study aims to determine the effect of Carbon emissions disclosure, Social Performance, Firm Growth, and Financial Performance. This research is causal research with a quantitative descriptive approach with the object of research on manufacturing companies listed on the Indonesia Stock Exchange (BEI). The research data are secondary data obtained from looking at the financial statements of companies including manufacturing companies listed on the IDX from 2017 - 2019. The results of the study stated that carbon emissions 'disclosures and social performance affected financial performance. Firm growth strengthened the relationship between carbon emissions' disclosures and financial performance. However, firm growth weakens the relationship between social performance and financial performance.