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Islamic Financial Products and Services Patronizing Behavior in Tatarstan: The Role of Perceived Values and Awareness تطور منتجات وخدمات التمويل الإسلامي في تتارستان: دور الوعي والقيم

Author

Listed:
  • Ruslan Sabirzyanov

    (Shariah Division, Abu Dhabi Islamic Bank, UAE)

Abstract

Despite the tremendous growth shown by global Islamic financial services industry, there are Muslim minority countries that have not embraced Islamic finance yet and the Russian Federation is one of them. This research is conducted in the Republic of Tatarstan, a federal subject (part) of the Russian Federation, which has huge potential and promising future for the development of Islamic finance. The current study examines the role of perceived values and awareness among people of Tatarstan in patronizing Islamic financial products and services. The study has adopted the Theory of Reasoned Action (TRA) to examine the factors affecting Tatarstan citizens’ behavioral intention to patronize Islamic financial products and services. The sample of 517 questionnaires was available for analysis. The data was analyzed using ‘IBM SPSS Statistics’ and ‘IBM SPSS AMOS’ computer software. ‘IBM SPSS Statistics’ was used at the initial stage to perform descriptive analysis. ‘IBM SPSS AMOS’ was employed to run Confirmatory Factor Analysis (CFA) and Structural Equation Modeling (SEM). The findings of the research show that awareness has a positive effect on attitude, and subjective norms have positive effect on intention to patronize Islamic financial products and services in Tatarstan. على الرغم من النمو الهائل الذي أظهره التمويل الإسلامي على المستوى العالمي، إلا أن بعض الدول ذات الأقلية المسلمة لم تواكب هذا التطور وتستفيد منه. تعتبر دولة روسيا الاتحادية واحدة من هذه الدول. أُجريت هذه الدراسة في جمهورية تتارستان، والتي هي جزء من روسيا الاتحادية ، والتي لديها إمكانيات هائلة ومستقبل واعد لتطوير التمويل الإسلامي. تبحث الدراسة دور الوعي والقيم المتصورة بين سكان تتارستان في مساندتهم لخدمات ومنتجات التمويل الإسلامي. وقد اعتمدت الدراسة على نظرية الفعل المبرر (Theory of Reasoned Action) لدراسة العوامل التي تؤثر على النيات المؤدية للسلوك المساند لخدمات ومنتجات التمويل الإسلامي بين مواطني تتارستان. تكونت العينة من 517 استبيانات متاحة للتحليل. تم تحليل البيانات باستخدام برنامجين حسابيين وهما: ‘IBM SPSS Statistics’ و ‘IBM SPSS AMOS’. وقد استخدم برنامج ‘IBM SPSS Statistics’ في المرحلة الأولى للتحليل الوصفي. كما استخدم برنامج ‘IBM SPSS AMOS’ لإجراء التحليل التأكيدي للعوامل (Confirmatory Factor Analysis) ،ونمذجة المعادلات الهيكلية (Structural Equation Modeling). تشير نتائج البحث إلى أن الوعي له تأثير إيجابي على السلوك، وأن الضوابط الموضوعية المتصور لها تأثير إيجابي على نية المساندة (التفضيل) لمنتجات وخدمات التمويل الإسلامي في تتارستان.

Suggested Citation

  • Ruslan Sabirzyanov, 2016. "Islamic Financial Products and Services Patronizing Behavior in Tatarstan: The Role of Perceived Values and Awareness تطور منتجات وخدمات التمويل الإسلامي في تتارستان: دور الوعي والقيم," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 29(1), pages 111-126, January.
    • Handle: RePEc:abd:kauiea:v:29:y:2016:i:1:no:10:p:111-126
    DOI: 10.4197/Islec.29-1.10
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    Cited by:

    1. Ibrahim Abiodun Oladapo & Normah Omar & Ruhaini Muda & Abdulazeez Adewuyi Abdurraheem, 2019. "The Mediating Effect of Attitude on Customers¡¯ Behavioural Intention to Participate in Islamic Banking: Empirical Evidence," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 167-180, August.

    More about this item

    Keywords

    Islamic finance; Theory of Reasoned Action (TRA); Patronizing Behavior; Perceived Values; Awareness; Tatarstan;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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