The Phenomenon of economic Corruption and its Impact on Economic Growth

in Islamic Countries in the Light of Transparency International Indicators

Authors

  • Dr. Ammar R. Al-Moumani Chief Justice Department, Jordan Author

DOI:

https://doi.org/10.58963/qausrj.v1i26.162

Keywords:

Economic Corruption, Corruption Perception Index, Economic Growth, International Transparency Agency, Islamic Economics

Abstract

The study aimed to Corruption Perceptions prepared by Transparency International Agency, and to the concept of corruption in the Quran and Sunnah and the tools  and mechanisms to avoid and reduce public Corruption. Also it aimed to study the reality of corruption in Islamic countries, and measuring the impact of corruption on economic growth in these countries.

To achieve the objectives of the study, the corruption perceptions index in both Islamic and developed nations has been presented and analyzed. An econometric model linking the corruption index and other independent variables to economic growth has been introduced. The model has been estimated by the ordinary least squares technique using cross sectional data of Islamic states for year 2014. 

The study concluded that corruption exists in all societies with a clear contrast between the developed and the Muslim countries, and Islam has the proper mechanisms and tools that ensure the avoidance and reduction of corruption, also, the results show the existence of a statistical significant negative impact of corruption on economic growth in Muslim countries.

Also, the study provides a series of recommendations, including the need to repair the moral and value system, and operate on the principle of transparency and activate all mechanisms in Islam to protect money from legal and administrative perspective.

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Author Biography

  • Dr. Ammar R. Al-Moumani, Chief Justice Department, Jordan

    Secretary, Family Reform Office, Chief Justice Department, Jordan
    Phone: +962790382652
    Email: momani_ammar@yahoo.com

References

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Published

2023-12-31

How to Cite

Al-Moumani, D. A. R. (2023). The Phenomenon of economic Corruption and its Impact on Economic Growth: in Islamic Countries in the Light of Transparency International Indicators. Queen Arwa University Journal, 26(26), 7. https://doi.org/10.58963/qausrj.v1i26.162

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