IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-032-01765-9_1.html
   My bibliography  Save this book chapter

Introduction to the Savings Finance as an Alternative Finance Model

In: The Demand for Alternative Finance

Author

Listed:
  • Murat Ustaoğlu

    (İstanbul, Türkiye and İstanbul University)

  • Ferda Yerdelen Tatoğlu

    (Emlak Katılım Tasarruf Finansman, İstanbul University)

Abstract

This study examines the Savings Finance model, which has developed as an alternative to the conventional finance systems in Turkey, based on interest-free finance principles in its theoretical, practical, and social dimensions. It functions as an interest-free financing model, offering services through a fund pool that is established by participants’ savings. This fund is utilized to meet fundamental needs, such as housing, business premises, and vehicles. The model also provides a comprehensive solution for certain segments of society that eschew interest-based transactions due to religious sensitivities, while concurrently ensuring that financial costs remain lower in comparison to traditional credit systems. The research analyzed survey data from participants residing in various regions of the country to assess the community’s sensitivity to interest ban, awareness of the sector, and level of trust. The findings indicate that religious values play a significant role in financial preferences; however, the sector’s recognition and reliability vary across demographic groups.

Suggested Citation

  • Murat Ustaoğlu & Ferda Yerdelen Tatoğlu, 2025. "Introduction to the Savings Finance as an Alternative Finance Model," Springer Books, in: Murat Ustaoğlu & Ferda Yerdelen Tatoğlu (ed.), The Demand for Alternative Finance, chapter 1, pages 1-16, Springer.
    • Handle: RePEc:spr:sprchp:978-3-032-01765-9_1
    DOI: 10.1007/978-3-032-01765-9_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-032-01765-9_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.