The Impact of Investment Policy (Commercial And Islamic) on Economic Development (Applied Research In Insurance Companies In Baghdad)

Abstract

The aim of the research is to identify the impact of investment policy on economic development. In order to achieve the objectives of the current research, the researcher relied on the descriptive approach to describe the subject to be studied through a correct scientific methodology, and the quantitative approach for accurate and unbiased measurement and analysis of numerical data collected through questionnaires or surveys, and analysis of data statistically and mathematically or through the SPSS program.

Through a sample in insurance companies (national and Iraqi), which amounted to (150) individuals according to a set of demographic variables, and the sample was subjected to the stability test / Cronbach's Alpha Coefficient.

In order to collect the necessary data and information, a questionnaire was designed consisting of two parts, the first on the demographic variables of the research sample and the second part on the two research variables, where the researcher relied on previous studies in formulating the paragraphs related to each of the research variables, and the researcher was keen to verify the basic statistical characteristics of the questionnaire before applying it to the research sample by verifying the validity and stability of the questionnaire, and after ensuring those characteristics, the questionnaire was applied to the current research sample and the study reached the following results: The study reached the existence of a statistically significant correlation and influence of the impact of investment policy in terms of (cooperative insurance, commercial insurance) on economic development in insurance companies in the National and Iraqi in Baghdad. The study recommended the need to focus on the dimensions within the investment policy that are related to and have an impact on economic development, with the need to focus on the importance of adopting Islamic or cooperative insurance as it has proven its effectiveness in insurance work more than commercial insurance, seeking to provide legal, economic and social guarantees for Islamic insurance to work better than other insurance.