آیا مالی اسلامی توسعه بخش بانکداری تسهیل می کند؟

We find strong and consistent empirical evidence that the development of Islamic banking in Muslim countries leads to a higher banking sector development, as measured by the amount of private credit or bank deposits scaled to GDP. This effect occurs through the development of a new, Shariah-compliant, banking industry, which does not crowd out the conventional banking system. Additionally, we provide evidence that the Islamic banking sector acts as a complement to the conventional banking in Muslim countries, when both systems co-exist and the Islamic sector reaches a medium penetration in the total banking sector.