The influence of personal financial and societal factors on the perceived inclusiveness of Islamic finance in Tanzania

• 第一著者: Khamis, Fauz Moh'd
• フォーマット: 学位論文
• 言語: 英語; 英語
• 出版事項: 2024
• 主題: BP174 The practice of Islam; HG Finance
• オンライン･アクセス: https://etd.uum.edu.my/11776/1/permission%20to%20deposit-grant%20the%20permission-s903508.pdf; https://etd.uum.edu.my/11776/2/s903508_01.pdf; https://etd.uum.edu.my/11776/

Islamic finance is a termed catalyst for financial inclusion, especially in Muslim areas. Despite the spread and growth of Islamic financial institutions, financial exclusion is still a challenge to many Muslims. Prior studies have clearly stated the role of Islamic finance in financial inclusion. However, the existing literature lacks demand-side perception studies on Islamic finance and its determinants, especially in developing markets. This study examined the influence of financial discipline (FD), financial numeracy (GFL), Islamic financial literacy (IFL), attitudes towards Islamic financial services (FATT), social influences (SI), and religiosity (RL), on the perceived inclusiveness of Islamic financial services (PFIIF). Besides, this study examined the mediating effect of FATT. This quantitative study used cross-sectional survey methods to collect 600 questionnaire responses from Zanzibar (Tanzania) residents, of which 400 questionnaires were useful for analysis. The study used descriptive statistics, independent sample tests, and Structural Equation Modelling (SEM) of Smart PLS4 to perform the analysis. The findings revelead mixed perceptions on the inclusiveness of Islamic finance. These perceptions are signficantly differences between respondents’ groups, especially customership, employment status, and residential area. Further, the findings revealed a significant direct influence of FATT and SI on the PFIIF, while the direct effect of GFL, FD, IFL, and RL was insignificant. Besides, FATT mediated the influence of FD, IFL, and SI on the PFIIF. SI, FATT and IFL are the most important determinants of PFIIF among Zanzibar residents. This study infuses a comprehensive understanding of the perceived inclusiveness of Islamic finance and its determinants which is important for promoting the financial inclusion of Islamic finance. This study recommends awareness and promotion programs that attract different classes of community members and improve Shari’a compliance and service quality.