Granger Causality Test used to test the hypothesis. Using Indonesia and Malaysia as the sample countries and from February … Islamic stock market and the development of the sukuk market in Indonesia and Malaysia. There is a bi-directional causality … causality is found between economic growth and the sukuk market development in Malaysia. And no causality (neutrality) is …

foreign capital inflows and exchange rate on the relationship between stock market development and economic growth of Malaysia … reports that, in the short run and long run, stock market promotes the economic growth of Malaysia which is consistent with …