INFLUENCE OF PARTICIPATION FORMULA (MUSHARAKAH) IN GROSS DOMESTIC GROWTH IN SUDAN – FOR THE PERIOD 1994-2018
This study aimed to test the effect of the participation formula (Musharakah) on the gross domestic product (GDP) in Sudan. The study used the descriptive analytical method to analyze the annual data for the period 1994-2018. A simple linear regression model was built to find out the relationship between the dependent variable (GDP) and the independent variable (Musharakah), by using SPSS. The most important results were represented in the existence of a positive and statistically significant relationship between the financing with the participation mode and the growth rates of the gross domestic product. .The study recommends; paying attention to the participation formula with a greater value than it is, and expanding dealings in financing through participation formula, because of the controls it acquires that guarantee the success of highly financed projects, in addition to other financing formulas, in order to ensure the diversity of financing methods and their suitability with various economic activities and to give a strong impetus to the growth rates of GDP.
Keywords: Financing, Participation Formula, Musharakah, Economic Growth, Domestic Product – Sudan.