The extent of Kuwaiti Islamic banks restrict the use of Islamic financing tools in their financial operations: a field study

Al-Rashidi, Osama and Zakariyah, Habeebullah and Sharofiddin, Ashurov and Mohd Noor, Azman (2022) The extent of Kuwaiti Islamic banks restrict the use of Islamic financing tools in their financial operations: a field study. In: International Conference on Business and Technology, 6-7 November 2021, Istanbul.

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Abstract

This research aims to identify the extent to of Kuwaiti Islamic banks adhere to the use of Islamic financing tools in their financial operations. The study population consists of all (5) banks listed on the Kuwait Stock Exchange. As for the study sample, (100) respondents were selected from Financial managers, accountants, and workers in finance and investment departments work in these banks. The questionnaire was used as a tool for collecting primary data. The results showed that Kuwaiti Islamic banks adhere to the use of Islamic financing tools represented in Murabaha, Musharaka and Mudaraba in their financial operations to a high degree. The study recommended that Kuwaiti Islamic banks should be encouraged to play a more role in Murabaha operations and find appropriate solutions to technical obstacles and culture-related procedures that prevent the provision of Islamic financing through Murabaha.

Item Type:	Conference or Workshop Item (Invited Papers)
Uncontrolled Keywords:	Kuwaiti Islamic banks · Islamic Financing tools · Financial operations
Subjects:	H Social Sciences > HG Finance > HG1501 Banking H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr Sharofiddin Ashurov
Date Deposited:	14 Jul 2022 16:21
Last Modified:	10 Aug 2022 16:59
URI:	http://irep.iium.edu.my/id/eprint/98773

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