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Knowledge and attitudes towards Islamic banking in the Philippines
Journal of Islamic Accounting and Business Research Pub Date : 2020-12-28 , DOI: 10.1108/jiabr-05-2019-0092
Sahraman D. Hadji Latif

Purpose

The purpose of this study is to explore the knowledge and attitudes of the Muslim society toward Islamic banking in the Philippines. It also aims to determine the factors that influence their attitudes toward selection of Islamic banking.

Design/methodology/approach

Quantitative method was used in this study. A sample of 250 Muslims who have bank accounts in either Islamic or conventional banks in Marawi City, Philippines were surveyed using self-administered questionnaires, and only 233 questionnaires were considered valid. Descriptive, factor and multiple regression analyses were used to analyze the data.

Findings

The study shows that the level of knowledge of the Muslim society toward the basic modes of financing in Islamic banking is low. However, the attitudes of the Muslim society toward Islamic banking are favorable. Their attitudes are influenced by the opportunities that Islamic banking can provide to the society, religious motivation and awareness toward Islamic Banking. Product and marketing strategies, and the Shari’ah reputation of Islamic bank are also found significant in influencing their attitudes toward Islamic banking.

Research limitations/implications

The study focused only for Muslims in the Philippines particularly in Marawi City with limited samples. Future study that will combine non-Muslims and Muslim respondents are also indispensable.

Practical implications

The study reveals the potential development of Islamic banking in the country. The Philippine Government and the present Islamic bank in the country can enhance Islamic banking through the factors that influence the attitudes of the Muslim society toward Islamic banking.

Social implications

The Islamic bank can provide financial inclusion for Muslims, who voluntarily excluded themselves from conventional banking services and products because of religious reasons, and enhance the socio-economic conditions of the Muslim communities in the Philippines through its unique modes of financing and products.

Originality/value

The research was a first attempt to determine the level of knowledge and attitudes of Muslim society toward Islamic banking in the Philippines. This also underlines the importance of Islamic banking in the country particularly in Bangsamoro Autonomous Region in Muslim Mindanao.



中文翻译:

对菲律宾伊斯兰银行业的知识和态度

目的

这项研究的目的是探讨穆斯林社会对菲律宾伊斯兰银行业的知识和态度。它还旨在确定影响他们选择伊斯兰银行业态度的因素。

设计/方法/方法

本研究采用定量方法。使用自我管理的问卷调查了250名在菲律宾的马拉维市的伊斯兰银行或传统银行拥有银行帐户的穆斯林的样本,仅233份问卷被认为是有效的。描述性,因子和多元回归分析用于分析数据。

发现

研究表明,穆斯林社会对伊斯兰银行业基本融资方式的了解水平很低。但是,穆斯林社会对伊斯兰银行业的态度是有利的。他们的态度受到伊斯兰银行业务可以提供给社会的机会,宗教动机和对伊斯兰银行业务的意识的影响。还发现产品和营销策略以及伊斯兰银行的伊斯兰教法声誉在影响他们对伊斯兰银行业的态度方面具有重要意义。

研究局限/意义

该研究仅针对菲律宾的穆斯林,特别是马拉维市的穆斯林,样本数量有限。将非穆斯林和穆斯林受访者结合起来的未来研究也是必不可少的。

实际影响

该研究揭示了该国伊斯兰银行业的潜在发展。菲律宾政府和该国目前的伊斯兰银行可以通过影响穆斯林社会对伊斯兰银行态度的因素来加强伊斯兰银行业务。

社会影响

伊斯兰银行可以为穆斯林提供金融包容性,因为他们出于宗教原因自愿退出传统的银行服务和产品,并通过其独特的融资和产品模式改善菲律宾穆斯林社区的社会经济状况。

创意/价值

这项研究是确定穆斯林社会对菲律宾伊斯兰银行业知识和态度的首次尝试。这也突显了伊斯兰银行业务在该国的重要性,特别是在棉兰老岛穆斯林邦萨莫罗自治区。

更新日期:2020-12-28
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