Financial system plays a significant role to spur economic growth through capital accumulation and efficient distribution of resources. As an alternative to conventional financial system, Islamic finance has emerged to fulfil the demand of Muslim population but not limited to it. Islamic banking...

This study investigates whether there is convergence among Islamic countries with respect to the relationship between growth in Islamic financial markets and economic growth in those countries as measured by Gross Domestic Product. We use data from 2013 to 2021 for the nine Islamic countries...