@inproceedings{c5caf0669d48484da36b1f5b6495cf15,
title = "Islamic Financial Instruments and Economic Growth; An Evidence from Indonesia",
abstract = "Sovereign sukuk, Islamic bank financing and zakat are the instruments that could develop Economic Growth of Indonesia. Sovereign Sukuk used to fund infrastructure development, labor intensive sector and optimizing of local potential that have impact on the development of Indonesia's economy. Islamic bank financing ia an instrument that fund the economic sector also have contribution on economic growth. Zakat could increase the aggregate consumption and also could play an important role in asset redistribution policies and creation of wealth which has contribution on economic growth. This research uses the empirical evidence to examine the role of sovereign sukuk, Islamic bank financing and zakat on Indonesia's economic performance. Quarterly data (2012:1-2017:4) are used in this research then the data analyzed using multiple linear regression with SPSS software. The result showed that sovereign sukuk, Islamic bank financing and zakat had significant effect on the GDP. This result showed that Islamic financial instruments had great contribution towards Indonesia's economic growth.",
keywords = "component, economic growth, Islamic Bank Financing, sovereign sukuk, zakat",
author = "Indah Wahyuningsih and Nurzaman, {Mohamad Soleh}",
note = "Publisher Copyright: {\textcopyright} 2020 IEEE.; 6th IEEE International Conference on Information Management, ICIM 2020 ; Conference date: 27-03-2020 Through 29-03-2020",
year = "2020",
month = mar,
doi = "10.1109/ICIM49319.2020.244668",
language = "English",
series = "2020 6th IEEE International Conference on Information Management, ICIM 2020",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
pages = "46--50",
booktitle = "2020 6th IEEE International Conference on Information Management, ICIM 2020",
address = "United States",
}
