Payame Noor University of IR. IRAN. journal of islamic finance research 2345-4849 2 2 2014 12 22 Study the Effect of Financial Markets Development on Income Distribution in Islamic Countries Study the Effect of Financial Markets Development on Income Distribution in Islamic Countries 78 90 4861 FA Reza Yousefi Haji Abad economic department / payame noor university Journal Article 2015 04 27 This paper examines the relations and financial market development on income distribution in Islamic countries at period of 2000-2012. The intended type in this article is Data Panel. The experimental results of this study is confirmed the significant and positive relationship the variable of income inequality financial development in Islamic countries and also, square of financial development is negative. The adequate evidence is being to confirm the existence of Greenwood and Jovanovich (1990) inverted-U-shaped non-linear relationship between financial development and income inequality in these countries. Proportion of loans in base of Islamic contracts are positive effect on income distribution. Also, human capital development and per capita GDP has negative effect and inflation has positive effect on income distribution inequality in the studied countries. This paper examines the relations and financial market development on income distribution in Islamic countries at period of 2000-2012. The intended type in this article is Data Panel. The experimental results of this study is confirmed the significant and positive relationship the variable of income inequality financial development in Islamic countries and also, square of financial development is negative. The adequate evidence is being to confirm the existence of Greenwood and Jovanovich (1990) inverted-U-shaped non-linear relationship between financial development and income inequality in these countries. Proportion of loans in base of Islamic contracts are positive effect on income distribution. Also, human capital development and per capita GDP has negative effect and inflation has positive effect on income distribution inequality in the studied countries. https://ifr.journals.pnu.ac.ir/article_4861_83fcba84a7f58191f55fd3472fb0a46a.pdf