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Muslim’s awareness and willingness to patronize Islamic banking in Kazakhstan

Abduh, Muhamad and Omarov, Daniyar (2013) Muslim’s awareness and willingness to patronize Islamic banking in Kazakhstan. Journal of Islamic Banking and Finance, 30 (3). pp. 16-24. ISSN 1814-8042

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Islamic banking was an abstract concept until the first half of the twentieth century. In Kazakhstan, it has been only three years since the first Islamic bank made its debut. Islamic banks have to compete with their rival, conventional banks, which have far longer history than Islamic banks. This competition urges Islamic banks to know the awareness and willingness of Muslim in Kazakhstan upon them. The purpose of this research is to examine the level of awareness and willingness of Muslims to patronize Islamic banking in Kazakhstan. Thus, a total number of 300 respondents from different cities of Kazakhstan were collected and descriptive analysis methods were adopted. The results show that more than half of the respondents are aware of Islamic banking in Kazakhstan, but they are not aware of most of the products and services offered by Islamic banks. Interestingly, despite the moderate level of Muslim Kazakhs understanding towards Islamic banking concepts, the willingness level of using Islamic banking products and services is high.

Item Type: Article (Journal)
Additional Information: 6777/32262
Uncontrolled Keywords: Islamic banking, awareness, willingness, Kazakhstan
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam > BP173.75 Islam and economics
H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Muhamad Abduh
Date Deposited: 09 Oct 2013 10:51
Last Modified: 17 Jul 2014 11:19
URI: http://irep.iium.edu.my/id/eprint/32262

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