Publication:
The Degree Of Economic Distress In Sukuk Issuing Countries

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dc.contributor.authorNursilah Ahmaden_US
dc.contributor.authorAsma Abdul Rahmanen_US
dc.date.accessioned2024-05-28T04:24:10Z
dc.date.available2024-05-28T04:24:10Z
dc.date.issued2021
dc.date.submitted2022-2-21
dc.description.abstractPurpose of the study: The present study estimates the MI indicator for 19 sukuk issuing countries. The Misery Index (MI) is an economic indicator calculated by adding the unemployment rate to the inflation rate for an economy. It measures the degree of economic distress in an economy. Methodology: The MI is calculated by adding inflation to unemployment for each of the 19 sukuk issuing countries. Data are annual covering the period of 1991 until 2019. Other economic indicators are also calculated. Main findings: The assumption is that higher inflation and unemployment rate creates economic and social costs for a country. The findings suggest that inflation is a pressing issue in Kazakhstan, Turkey, Sudan, Indonesia, Pakistan, Egypt, and Iran. Conversely, unemployment is more prominent in Egypt, Senegal, Saudi Arabia, Oman, Malaysia, Jordan, and Bahrain. Based on the estimates of the misery index and other macroeconomic indicators mentioned above, some sukuk issuing countries need to boost their capital and current account positions to provide a stable environment for potential sukuk launches. Novelty of the study: The macroeconomic indicators of sukuk issuing countries are important elements in ensuring sukuk market development. To policymakers, the MI estimations imply the effectiveness of policy stance over the years and indicate areas of policy improvements in curbing either inflation or unemployment or both.en_US
dc.identifier.epage142
dc.identifier.issn2735-0150
dc.identifier.issue2
dc.identifier.other215-58
dc.identifier.spage115
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/5533
dc.identifier.volume2
dc.language.isoenen_US
dc.publisherAcademic International Dialogue (AID) Academyen_US
dc.relation.conferenceAcademic International Dialogue (AID) Conferenceen_US
dc.relation.ispartofInternational Journal of Communication, Management and Humanities (IJCoMaH)en_US
dc.subjectInflation, unemployment, sukuk, Okun’s misery index, Hanke’s misery indexen_US
dc.titleThe Degree Of Economic Distress In Sukuk Issuing Countriesen_US
dc.typeArticleen_US
dspace.entity.typePublication

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