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Examining Awareness level of Islamic Finance among Customers of Banks in Algeria - Exploratory Study

Author

Listed:
  • Bouarar, Ahmed Chemseddine
  • Mouloudj, kamel

Abstract

The low level of awareness about Islamic finance (IF) can be one of the most important obstacles facing the development of Islamic finance. So, the purpose of this research is to examine the level of awareness about Islamic finance (Awareness of fundamental terminologies; basic rules and principles; products and services) among customers of banks in Algeria. Data were collected from 68 respondents based upon convenience sampling that was analyzed through SPSS version 16. The findings revealed that there are low levels of awareness of fundamental terminologies of Islamic financing. Further, results showed that respondents had little awareness of the Islamic finance products and services. on the other hand, the research found that there is a high level of awareness of basic rules and principles of Islamic financing. The research has some theoretical and practical implications for researchers, practitioners and policy makers.

Suggested Citation

  • Bouarar, Ahmed Chemseddine & Mouloudj, kamel, 2020. "Examining Awareness level of Islamic Finance among Customers of Banks in Algeria - Exploratory Study," MPRA Paper 106634, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:106634
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    References listed on IDEAS

    as
    1. Mohd Ma’Sum Billah, 2019. "Islamic Financial Products," Springer Books, Springer, number 978-3-030-17624-2, September.
    2. Jamel Boukhatem & Fatma Ben Moussa, 2018. "The effect of Islamic banks on GDP growth: Some evidence from selected MENA countries," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 18(3), pages 231-247, September.
    3. Andrew C. Worthington & Alsadek H. Gait, 2009. "Libyan Business Firm Attitudes towards Islamic Methods in Finance," Discussion Papers in Finance finance:200910, Griffith University, Department of Accounting, Finance and Economics.
    4. Alsadek Gait & Andrew Worthington, 2008. "An empirical survey of individual consumer, business firm and financial institution attitudes towards Islamic methods of finance," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 35(11), pages 783-808, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Awareness; Islamic economics; Mudarabah; Musharakah; Ijara.;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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