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on Islamic Finance |
| By: | Karlan,Dean S.; Osman,Adam Mohamed; Shammout,Nour Musallam |
| Abstract: | Low utilization of household credit in developing countries may be partially due to religious considerations. In a randomized marketing experiment in Jordan, this paper estimates the effect of sharia-compliant loan features on demand for credit. To comply with Islamic law, the sharia-compliant product uses a bank fee rather than an interest payment structure, while keeping the rest of the product features very similar. Sharia-compliance increased the application rate for loans from 18 percent to 22 percent, an increase in demand that is equivalent to a 10 percent decrease in interest rates. This study also randomly varied the price of the sharia-compliant loan and finds that less religious individuals are twice as elastic with respect to price as the more religious. By comparing reasons for refusal across treatment groups, this paper estimates that survey measures that try to assess the importance of religious objections to conventional credit overestimate the importance of this type of objection by a third. |
| Date: | 2020–04–02 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wbrwps:9200&r=all |
| By: | Adelina Lubis (Faculty of Economic and Business, Universitas Medan Area, Indonesia Author-2-Name: Ritha Dalimunthe Author-2-Workplace-Name: Faculty of Economic and Business, Universitas Sumatera Utara Indonesia Author-3-Name: Yeni Absah Author-3-Workplace-Name: Faculty of Economic and Business, Universitas Sumatera Utara Indonesia Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | Objective - The purpose of this research is to determine whether CRM (Customer Relationship Management) indicators, namely complaint resolution, customer orientation, customer empowerment and customer knowledge affect the loyalty of sharia bank customers in North Sumatra. Methodology/Technique - The sample of this study is 120 Islamic banking customers in North Sumatra, namely customers at PT. BNI Syariah Tbk, PT. Bank Syariah Mandiri Tbk and PT. BRI Syariah Tbk. The analytical method used is multiple linear regression analysis. Findings - The results of this study are as partial complaint resolution, customer orientation, customer empowerment and customer knowledge variables have a significant effect on customer loyalty in Islamic Banking in North Sumatra and the hypothesis is accepted. The better CRM that is owned and implemented by Islamic Banking in North Sumatra will have an effect on increasing customer loyalty. Simultaneously complaint resolution, customer orientation, customer empowerment and customer knowledge variables significantly influence customer loyalty in Islamic Banking in North Sumatra and the hypothesis is accepted. Type of Paper - Empirical |
| Keywords: | Customer Relationship Management, customer loyalty |
| JEL: | M31 G21 M10 |
| Date: | 2020–03–30 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jmmr242&r=all |
| By: | Abderraouf Mtiraoui (Université de Sousse) |
| Abstract: | The object of this article is to study, first of all, the relation between the Islamic finance and the economic growth. Secondly, we develop a review of the literature which highlights the nature of relation between the financial development and the economic growth and also the nature of the articulation between the governance as the quality indicator of governance and the economic growth while taking into account the role of the Islamic finance, as catalyst of economic growth in the orientation of the investments and the public spending and which makes more effective the action of governance. Lastly, we try empirically to discover the direct and indirect effects of the Islamic finance and the governance on the economic growth and consequently the relation enters the Islamic financial development measured by the bank credits of the private sector divided by the GDP and the governance on the economic growth. Our empirical try is based on a method of estimation used to know the model in simultaneous equations for our region of study MENA and the Asia Pacific during well determined period. |
| Abstract: | L'objet de cet article est d'étudier, en premier lieu, la relation entre la finance islamique et la croissance économique. En second lieu, nous développons une revue de la littérature qui met en lumière la nature de relation entre le développement financier et la croissance économique et aussi la nature de l'articulation entre la gouvernance comme indicateur de qualité de gouvernance et la croissance économique tout en tenant compte du rôle de la finance islamique, comme catalyseur de croissance économique dans l'orientation des investissements et des dépenses publiques et qui rend plus efficace l'action de gouvernance. En dernier lieu, nous tentons empiriquement de découvrir les effets directs et indirects de la finance islamique et la gouvernance sur la croissance économique et par conséquent la relation entre le développement financier islamique mesuré par les crédits bancaires du secteur privé divisé par le PIB et la gouvernance sur la croissance économique. Notre essai empirique est basé sur une méthode d'estimation utilisée à savoir le modèle à des équations simultanées pour dans Quelques Nations Islamiques durant une période bien déterminée. |
| Keywords: | Gouvernance,Finance Islamique,Croissance économique and Modèles à équations simultanées J |
| Date: | 2020–03–29 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-02523656&r=all |
| By: | Abderraouf Mtiraoui (Université de Sousse) |
| Abstract: | The purpose of this paper is to study, in the first place, the theoretical relationship between Islamic financial development, investment and economic growth. Second, we empirically try to discover the interaction between "Islamic financial development, investment and economic growth". Our empirical study highlights the direct effects of Islamic financial development on growth and investment. Finally, we also clarify the indirect effects of Islamic financial development on growth through Investment and vice versa, also on other socio-economic indicators over the period from 1990 to 2018, while using the model with simultaneous equations for the MENA region and East Asia and the Pacific. |
| Abstract: | Le but de ce papier est d'étudier, en premier lieu, la relation théorique entre le développement financier islamique, l'investissement et la croissance économique. En second lieu, nous tentons empiriquement de découvrir l'interaction entre « développement financier islamique, Investissement et la croissance économique ». Notre étude empirique met en lumière les effets directs du développement financier islamique sur la croissance et sur l'investissement. En dernier lieu, nous clarifions aussi les effets indirects du développement financier islamique sur la croissance à travers l'investissement et inversement, aussi sur les autres indicateurs socio-économiques au cours de la période allant de (1990-2018), tout en utilisant le modèle à des équations simultanées pour la région MENA et l'Asie de l'Est et Pacifique. |
| Keywords: | Développement financier Islamique,Investissement,Croissance Economique,Modèles à Équations Simultanées |
| Date: | 2020–03–28 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:hal-02523154&r=all |
| By: | Arnaud Lacheret (Arabian Gulf University) |
| Date: | 2020–04–08 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-02536657&r=all |