Mushtaq, Saba and Siddiqui, Danish Ahmed,(2017), Effect ofinterestrateonbankdeposits:EvidencesfromIslamicand non-Islamic economies. , Future Business Journal, UNSPECIFIED
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Abstract
Banking sectoristhebackboneofanycountry'seconomyandbankdepositsarethemajortoolofsuccessforbankingsector.
Bank depositsarealsoamajorpartanddeterminantofcountry'ssaving.Accordingtoeconomictheoriesandpractical
considerations, interestrateisconsideredoneofthemajorelementsthatcanaffectsavingsaswellasbankdeposits.Butaswe
knows thatinIslaminterestisconsideredforbiddenandMuslimstriestoavoidinterestincome,Sothebasicpurposeofthisstudy
is toknowthefactthateitherreligiousfactorshaveanyeffectonMuslim'sdecisionwhilekeepingtheirsavinginbanks.Weused
panel ARDL(AutoregressiveDistributedLag)methodbyusing23non-Islamicand23Islamiccountriesdatafrom1999to2014
for thisstudy.ResultsshowedthatinIslamiccountriesinterestratedon’t haveanyimpactonbankdepositsbothinlongrunand
short run.Butinthecaseofnon-Islamiccountriesinterestratehavepositivesignificant impactonbankdeposits.Hencethereis
need ofIslamicbanksincountrieswithmoreMuslimpopulationandthereshouldbedifferenteconomicpoliciesforIslamic
countries asreligiousfactoraffectsdecisionofMuslimsandinterestratedoesn’t haveanyimpactonbank'sdeposits.
& 2017 FacultyofCommerceandBusinessAdministration,FutureUniversity.ProductionandHostingbyElsevierB.V.Thisisan
open accessarticleundertheCCBY-NC-NDlicense(http://creativecommons.org/licenses/by-nc-nd/4.0/).
| Keywords : | Interest rate;Bankdeposits;Islamic;Paneldata, UNSPECIFIED |
|---|---|
| Journal or Publication Title: | Future Business Journal |
| Volume: | 3 |
| Number: | UNSPECIFIED |
| Item Type: | Article |
| Subjects: | Ekonomi Islam |
| Depositing User: | Nila Nurjanah |
| Date Deposited: | 16 Dec 2019 02:24 |
| Last Modified: | 16 Dec 2019 02:24 |
| URI: | https://repofeb.undip.ac.id/id/eprint/137 |
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