Islamic banks operate under different principles than conventional ones and the most important purpose of the Islamic finance is the establishment of justice between the different parts of the transactions. And thus by the elimination of all form of immoral exploitation in business transaction...

Purpose – The purpose of this paper is to compare the effects of Islamic financial development and conventional financial development on the economic growth for five GCC countries (Bahrain, Kuwait, Qatar Saudi Arabia and UAE).Design/Methodology/Approach – Using generalized least squares, OLS...