Role of Islamic financial institutions in addressing financial exclusion: a methodological mix approach

Muhammad, Tijjani and Al-Shaghdari, Fahd Mohammed Obad and Ngah, Besar (2023) Role of Islamic financial institutions in addressing financial exclusion: a methodological mix approach. AZKA International Journal Of Zakat & Social Finance (AZJAF), 4 (2 (Special Issue 2023)). pp. 161-198. ISSN 2735-1890 E-ISSN 2716-6643

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Abstract

This paper elucidates the mediating role of Islamic Financial Institutions in addressing financial exclusion in northern Nigeria, using poverty, awareness, religiosity, and attitude toward government policy as explanatory factors. The study employed a random sampling of 450 respondents using Confirmatory Factor Analysis (CFA) and Structural Equation Modeling (SEM) was used for data analysis. The secondary data were generated from Nigerian Security Exchange Commission under Islamic Finance Development Indicator. The study identified some theoretical and managerial contributions. The research indicates a highly effective mediation of Islamic financial institutions’ performance in addressing financial exclusion in northern Nigeria. The study also contributed significantly to the literature by using the mediating variable to address financial exclusion. The present study developed an integrated model which defines financial exclusion and its approach through the mediation role of Islamic financial institutions in addressing the financial exclusion and poverty reduction in northern Nigeria.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Financial Exclusion, Mediation, Islamic Financial Institution, Poverty, Awareness, Religiosity, Government policy
Subjects:	BPH Islamic Economics > BPH830.3 Social systems. Urban groups. Cities and towns. Sustainable urban development
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. Fahd Mohammed Obad Al-shaghdari
Date Deposited:	21 Aug 2023 11:55
Last Modified:	21 Aug 2023 12:00
URI:	http://irep.iium.edu.my/id/eprint/106067

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