The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan

High levels of trust and education are essential factors in the banking industry, especially for an Islamic banking system that is Shariah-based. Therefore, this paper seeks to measure the impact of trust and educational level on the decision as to whether to adopt Islamic banking in Tajikistan for...

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Main Authors:	Ashurov, Sharofiddin, Othman, Anwar Hasan Abdullah
Format:	Article
Language:	English English
Published:	Voprosy Ekonomiki N.P 2019
Subjects:	HG Finance HG1501 Banking HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/75516/ http://irep.iium.edu.my/75516/ http://irep.iium.edu.my/75516/ http://irep.iium.edu.my/75516/7/75516%20-%20effects%20of%20trust%20mediator%20and%20education%20level%20moderator.pdf http://irep.iium.edu.my/75516/13/75516_The%20effects%20of%20trust%20mediator%20and%20education%20level%20moderator_Scopus.pdf

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recordtype	eprints
spelling	iium-755162020-02-21T02:21:24Z http://irep.iium.edu.my/75516/ The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan Ashurov, Sharofiddin Othman, Anwar Hasan Abdullah HG Finance HG1501 Banking HG3368 Islamic Banking and Finance High levels of trust and education are essential factors in the banking industry, especially for an Islamic banking system that is Shariah-based. Therefore, this paper seeks to measure the impact of trust and educational level on the decision as to whether to adopt Islamic banking in Tajikistan for business activities. The data of the study was developed based on a survey and collected through a distributed questionnaire. A total of 408 respondents were obtained from 14 banks in Tajikistan. The study adopted the Structural Equation Modeling (SEM) approach (using AMOS version 22.00) to examine these relationships. The findings of the study revealed that relative advantage and product knowledge were statistically significant in influencing perceived trust in Islamic banks, while perceived trust in Islamic banks had a directly significant impact on the adoption of the Islamic banking system in Tajikistan. Also it found that perceived trust plays a mediating role between awareness and adoption of the Islamic Banking system. This indicates that banks’ customers in Tajikistan have more trust in, and prefer dealing with, a banking system that is Shariah-based in line with their Islamic beliefs. In addition, the findings revealed that educational level plays a significant moderating role between the awareness of Islamic banks and the adoption of the Islamic banking system. The findings of the study therefore may assist policy makers to improve the current banking industry, by focusing on the Islamic banking system that would be able to restore trust and create interest among the Muslim majority population as they believe in the Islamic banking system, which will contribute positively to economic growth. Voprosy Ekonomiki N.P 2019-10-21 Article PeerReviewed application/pdf en http://irep.iium.edu.my/75516/7/75516%20-%20effects%20of%20trust%20mediator%20and%20education%20level%20moderator.pdf application/pdf en http://irep.iium.edu.my/75516/13/75516_The%20effects%20of%20trust%20mediator%20and%20education%20level%20moderator_Scopus.pdf Ashurov, Sharofiddin and Othman, Anwar Hasan Abdullah (2019) The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan. Russian Journal of Economics, 5 (3). pp. 227-296. ISSN 2618–7213 E-ISSN 2405–4739 https://rujec.org/issue/2787/ doi: 10.32609/j.ruje.5.33497
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG Finance HG1501 Banking HG3368 Islamic Banking and Finance
spellingShingle	HG Finance HG1501 Banking HG3368 Islamic Banking and Finance Ashurov, Sharofiddin Othman, Anwar Hasan Abdullah The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan
description	High levels of trust and education are essential factors in the banking industry, especially for an Islamic banking system that is Shariah-based. Therefore, this paper seeks to measure the impact of trust and educational level on the decision as to whether to adopt Islamic banking in Tajikistan for business activities. The data of the study was developed based on a survey and collected through a distributed questionnaire. A total of 408 respondents were obtained from 14 banks in Tajikistan. The study adopted the Structural Equation Modeling (SEM) approach (using AMOS version 22.00) to examine these relationships. The findings of the study revealed that relative advantage and product knowledge were statistically significant in influencing perceived trust in Islamic banks, while perceived trust in Islamic banks had a directly significant impact on the adoption of the Islamic banking system in Tajikistan. Also it found that perceived trust plays a mediating role between awareness and adoption of the Islamic Banking system. This indicates that banks’ customers in Tajikistan have more trust in, and prefer dealing with, a banking system that is Shariah-based in line with their Islamic beliefs. In addition, the findings revealed that educational level plays a significant moderating role between the awareness of Islamic banks and the adoption of the Islamic banking system. The findings of the study therefore may assist policy makers to improve the current banking industry, by focusing on the Islamic banking system that would be able to restore trust and create interest among the Muslim majority population as they believe in the Islamic banking system, which will contribute positively to economic growth.
format	Article
author	Ashurov, Sharofiddin Othman, Anwar Hasan Abdullah
author_facet	Ashurov, Sharofiddin Othman, Anwar Hasan Abdullah
author_sort	Ashurov, Sharofiddin
title	The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan
title_short	The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan
title_full	The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan
title_fullStr	The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan
title_full_unstemmed	The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan
title_sort	effects of trust mediator and education level moderator on adoption of islamic banking system in tajikistan
publisher	Voprosy Ekonomiki N.P
publishDate	2019
url	http://irep.iium.edu.my/75516/ http://irep.iium.edu.my/75516/ http://irep.iium.edu.my/75516/ http://irep.iium.edu.my/75516/7/75516%20-%20effects%20of%20trust%20mediator%20and%20education%20level%20moderator.pdf http://irep.iium.edu.my/75516/13/75516_The%20effects%20of%20trust%20mediator%20and%20education%20level%20moderator_Scopus.pdf
first_indexed	2023-09-18T21:46:51Z
last_indexed	2023-09-18T21:46:51Z
_version_	1777413506979594240

The effects of trust mediator and education level moderator on adoption of Islamic banking system in Tajikistan

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