Impact of sukuk on economic growth in the Middle East

growing developing economies need considerable finance executives of using resources from domestic and international markets for the survival and development . One of the recent innovations in the Islamic financial and monetary discussions , the release of all kinds of Islamic bonds called sukuk .  the main aim , to identify  and  driving the creation of one of the last century and the financial crisis as a result of the creation of a financial system, comprehensive and stable development of economic growth and  markets. Since a new instrument sukuk financing for the Islamic  Sharia  jurisprudence and that Islam is compatible with that many Islamic countries and non - Islamic use it. The present study examines the impact of sukuk on economic growth in selected countries. For this purpose, sukuk, a new Islamic finance instrument, and statistical data from 2009-2015 and the method of econometric estimation of panel data have been used. The results of the model estimation show that sukuk has a positive and significant impact on economic growth in the studied countries.