Abstract:
Islamic economic is based on a paradigm which has socio-economic justice as its primary objective
(Qur’an, 57:25) and Islamic banks and financial institutions are use economic models to achieve their
target based on Shariah law. The main objective of this study is to empirically analyze how the Islamic
Economic Models contribute to the Economic growth in Sri Lanka. There are Murabaha, Mularabah,
Musharakah, Ijara, Salam, and Istisna etc. Therefore, this study examines the impact of selected Islamic
economic models and economic growth in Sri Lanka. This study follows quantitative method by
employing cross sectional data context analysis. The data is collected from BOC bank through the
period 2012-2016. The researcher applied statistical package for Micro soft Excel computer software
package. This study is identified the how the Islamic model contribute to the economic growth in Sri
Lanka. Findings indicate that there is a relationship between selected Islamic economic models and
economic growth in Sri Lanka from the sample point of view. The study recommends for indicate that
improving the infrastructure of Islamic economic models in Sri Lankan Banking system it’s contribute
to economic growth in our country.
