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Financial Inclusion and Islamic Finance: A Survey of Islamic Financial Literacy Index

International Journal of Islamic Economics and Finance Studies

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Title Financial Inclusion and Islamic Finance: A Survey of Islamic Financial Literacy Index
 
Creator Er, Bünyamin
Mutlu, Mesut
 
Description According to the Worldbank, the rate of financial exclusion due to religious reasons, which is 7% in the world, is 9.7% in the group of D-8 countries. Islamic banks or participation banks in Turkey appear to be the most important interface for increasing the tendency of individuals with religious sensitivity for financial inclusion by rendering services like deposit banks in accordance with religious principles for such persons. It's very important that we know the İslamic financial literacy level of individuals with religious sensitivity for the purpose of increasing their financial inclusion. However, a tool for measuring Islamic financial literacy level has not been generated yet.In this study, an Islamic financial literacy survey was generated and with results of this survey İslamic financial literacy index was studied for revealing the current status with the purpose of increasing the level of Islamic financial literacy. To that end, 3 separate sub-indexes were generated along with the general index of Islamic financial literacy. As a result of the study, general index of Islamic financial literacy was calculated as 58%.
 
Publisher www.pesar.org
 
Contributor —
 
Date 2017-07-11
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier http://ijisef.org/index.php/IJISEF/article/view/257
 
Source International Journal of Islamic Economics and Finance Studies; Vol 3, No 2 (2017): July/Temmuz 2017
Uluslararası İslam Ekonomisi ve Finansı Araştırmaları Dergisi; Vol 3, No 2 (2017): July/Temmuz 2017
2149-8407
2149-8393
 
Language eng
 
Relation http://ijisef.org/index.php/IJISEF/article/view/257/133
 
Rights Copyright (c) 2017 International Journal of Islamic Economics and Finance Studies
http://creativecommons.org/licenses/by-nc-sa/4.0