Public perception of the feasibility of introducing islamic banking in Uzbekistan: a consumer perspective
DOI:
https://doi.org/10.5281/zenodo.15648806Keywords:
islamic banking, theory of reason action, structural equation model.Abstract
Islamic banking industry is increasingly playing vital roles in the current financial system. Due to the demand
by customers for Islamic banking facilities, its expansion has reached not only Muslim countries but also non-Muslim
countries within three decades. However, there are still few Muslim majority countries such as Uzbekistan where the
implementation of Islamic banking system is lacking. The study has examined the extent of the level of awareness among
the citizens of Uzbekistan and their willingness to use Islamic banking facilities if Islamic banking were introduced in
the country. The study has adopted Theory of Reasoned Action (TRA) to examine the factors affecting the customers’
behavioral intention to patronize Islamic banking. The findings of the study show that attitude, religiosity and social factors
have significant positive effect towards patronizing Islamic banking facilities while customers’ knowledge carries negative
effect towards Islamic banking system.
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