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

Ahmed Chemseddine Bouarar and Kamel Mouloudj ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Awareness; Islamic economics; Mudarabah; Musharakah; Ijara. (search for similar items in EconPapers)
JEL-codes: G2 M31 (search for similar items in EconPapers)
Date: 2020-02-26
New Economics Papers: this item is included in nep-ara and nep-isf
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