Abstract:

This paper is an econometric study made on a purely Islamic banking system, the case of the republic of Iran, to make out a will if there is a contribution of this banking system on the socioeconomic development of the country between the years 1995-2015 (which a duration of twenty times). The independent variables which are going to represent the Iranian banking system are: the volume of liquidity, the financial and monetary services of institutions and the opportunities of the Islamic products, the dependent variable is represented by the indicator of human development (IHD), these variables were collected by the Statistical Center of Iran (SCI). At the methodological level, we are going to make econometric tests, unit root tests (ADF, PP, KPSS) for the stationarity and Johansen’s cointegration test for the long-term relation between independent variables and the dependent one. The results showed that all the variables are stationary in the second difference, so the tests of the track found that there are four cointegrations with an optimal number of delay equal to 2, on the other hand, the test of the maximal clean value find only two long-term relations between the independent variables and the indicator of human development with the same optimal number of delays. Finally, we concluded that the purely Islamic banking system contributes to the socioeconomic long-term development during the during of study.