Islamic banking perception : the case of Usak city

Abstract

Many academic studies show that the increase in financial savings have a positive impact on economic growth. Therefore, the growth of funds in the financial system has more important, especially in developing countries as Turkey. However, due to the interest in the traditional concept of financial and banking system, some people do not use the market to evaluate their savings because of their religious beliefs. At this point, Noninterest (Islamic) finance system could be a good alternative to current system. Measure the households’ perceptions is important to make this system more effective. The reason to measure perception is that it is one of the most important factor to influence human behavior. Participation banking is one of the leading structures of Islamic finance system in Turkey. Within this direction, the goal of this study is that measure the perceptions of households about the participation banks . In the study, data was collected from over 18 years old 510 people by randomly selected and was analyzed by ANOVA test. The results of this study suggest that the perception of participation banking is low. The study comes out that individuals’ properties such as gender, education, job and income have statistically significant impact on the knowledge level and interest perception of individuals about participation baking. This study will contribute to academicians, participation baking and related institutions to create policies about participation banking.