The Role of Islamic Banks Operating in Jordan in Economic Development

Abstract

The study aims to identify the  role of Islamic banks in Jordan in economic development. The research concludes the following results:1- The statistical analysis shows that there is a statistically significant relationship, despite the achievement of Islamic banks operating in Jordan high rates of growth in the size of their assets and deposits by employing them, but their contribution in economic development in Jordan is still marginal compared with the contribution of the Jordanian banking system ,where it reached the arithmetic mean of 4.4 and standard deviation of 0.81.2- Statistical analysis shows that there is a relationship with significance, there is no statistical differences in the relative importance of the problems and constraints facing Islamic banks operating in Jordan during the course of financing and investment to achieve economic development in Jordan. Where the arithmetic mean of 4.2 and the standard deviation of 0.80.

Keywords: Islamic banks, murabaha, shari’ah, musharakah,economic development, funding priorities , local sources of income.