The impact of Islamic banks on the Iraq Stock Exchange A standard
study for the (market value and trading volume) indicators for the
period from ( 2004 – 2018)
Aqeel Shaker Al-Shara
Hawraa Kadhim Jari
Al-Qadisiyah University – College of Administration and Economics
Corresponding Author: Hawraa Kadhim Jari
Abstract : The research aims to clarify the impact of Iraqi Islamic banks in the Iraqi stock Exchange, the Islamic
banks witnessed a great development and wide spread in multiple Islamic countries and others, as a result of several
factors, including: openness to the global economy, structural reforms in the financial system, liberalization of capital
movement and integration This was reflected in the high growth rate of deposits, assets and profit rates for these
institutions. The researchers measured the effect of the market value indicator and the trading value of Islamic banks
contributing in the market to the market capitalization and trading value indicators of the Iraq Stock Exchange using
the (SPSS 22) program. The researchers concluded that there is a positive impact of Islamic banks in the Iraqi stock
market, as the ratio of the Islamic banks’ indices to the total indices of the Iraq Stock Exchange increased during the
study period, as the ratio of the market value index of Islamic banks to the total market value of the Iraq Stock
Exchange was (26.48%). And the trading value indicator was (92.95%), and these rates are for the year 2018, and
they increased significantly from what they were at the beginning of the study period, which confirms the increase in
the number of banks, the increase in their activity and their impact on the market. The researchers recommended
facilitating the process of inclusion of Islamic banks in the Iraqi Stock Exchange and encouraging them to trade their
shares in the market, which contributes to increasing their role in the Iraqi Stock Exchange.
Key words : Islamic banks, Iraq stock exchange, market value indicator, trading value indicato
