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Awareness and Perception of Muslim Community Towards Islamic Banking in Yogyakarta
Corresponding Author(s) : Indriyani Sobari
Proceedings Universitas Muhammadiyah Yogyakarta Undergraduate Conference,
Vol. 3 No. 1 (2023): Crafting Innovation for Global Benefit
Abstract
This study was undertaken to explain how the lack of public knowledge of Islamic banking in Indonesia affects the degree of awareness of the Muslim community about Islamic banking. This study's objective is to uncover and evaluate the degree of knowledge and attitudes of the Muslim community about Islamic banking in Yogyakarta, as well as the variables that influence this awareness. This research was conducted using a quantitative method and distributing questionnaires to 30 Muslim communities who live and work in the Yogyakarta area. Using the Likert Scale, participants were also required to indicate their level of agreement with statements on their views and knowledge of Islamic banking's essential principles and features. According to the data, some Yogyakartans are already familiar with the existence of Islamic banks. In contrast, they are unfamiliar with Islamic banking products and services, as well as financing techniques such as Musharakah, Mudharabah, Murabahah, and Ijaraah. Economics, environment, psychology, and religion also have a significant influence in shaping the Muslim community's understanding and attitudes of Islamic banking in Yogyakarta. By looking at the findings, it is advised that Islamic banks should criticize the deficiencies of implementing Islamic values in Islamic banks.
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- Abasimel, N. A. (2022). Islamic banking and economics: concepts and instruments, features, advantages, differences from conventional banks, and contributions to economic growth. Journal of the Knowledge Economy, 1-28.
- Al Amran, S. N., Haji Othman, Y., Mohamed Fisol, W. N., & Sheh Yusuff, M. S. (2020, October). The Effects of Religiosity, Knowledge and Service Quality Towards Compliance Behavior of Islamic Banking Products and Services. In International Conference on Contemporary Issues in Islamic Finance (e-ICCIIF 2020) (Vol. 1, pp. 123-130)
- Bugshan, A., Alnori, F., & Bakry, W. (2021). Shariah compliance and corporate cash holdings. Research in International Business and Finance, 56, 101383.
- Hoque, M. E., Kabir Hassan, M., Hashim, N. M. H. N., & Zaher, T. (2019). Factors affecting Islamic banking behavioral intention: the moderating effects of customer marketing practices and financial considerations. Journal of Financial Services Marketing, 24, 44-58.
- Mediawati, E., Nasim, A., Agustami, S., Sholehah, W., Mattupuang, A. I., Solihati, S. Y., & Azizah, T. (2019). Members’ Behavior Towards Baitul Mal Wa Tamwil. KnE Social Sciences, 1270-1276.
- Mohiuddin, S. K., & Siddiqui, D. A. (2023). The development of the Maqasid al Shariah Index to assess the sharia compatibility performance of Islamic Industry including other Industry and financial industry & Banks. Available at SSRN.
- Narayan, P. K., & Phan, D. H. B. (2019). A survey of Islamic banking and finance literature: Issues, challenges and future directions. Pacific-Basin Finance Journal, 53, 484-496.
- Naushad, M. (2021). Comparative analysis of Saudi sharia compliant banks: A CAMEL framework. Accounting, 7(5), 1119-1130.
- Novikov, V., Britikova, E., Yarushkina, E., & Kovalenko, L. (2020, January). Islamic banking in the global financial system: current situation and global environment. In 5th International Conference on Economics, Management, Law and Education (EMLE 2019) (pp. 138-143). Atlantis Press
- Sri Wahyuni, S. E. (2020). Kinerja Maqashid Syariah dan Faktor-Faktor Determinan. Scopindo Media Pustaka.
References
Abasimel, N. A. (2022). Islamic banking and economics: concepts and instruments, features, advantages, differences from conventional banks, and contributions to economic growth. Journal of the Knowledge Economy, 1-28.
Al Amran, S. N., Haji Othman, Y., Mohamed Fisol, W. N., & Sheh Yusuff, M. S. (2020, October). The Effects of Religiosity, Knowledge and Service Quality Towards Compliance Behavior of Islamic Banking Products and Services. In International Conference on Contemporary Issues in Islamic Finance (e-ICCIIF 2020) (Vol. 1, pp. 123-130)
Bugshan, A., Alnori, F., & Bakry, W. (2021). Shariah compliance and corporate cash holdings. Research in International Business and Finance, 56, 101383.
Hoque, M. E., Kabir Hassan, M., Hashim, N. M. H. N., & Zaher, T. (2019). Factors affecting Islamic banking behavioral intention: the moderating effects of customer marketing practices and financial considerations. Journal of Financial Services Marketing, 24, 44-58.
Mediawati, E., Nasim, A., Agustami, S., Sholehah, W., Mattupuang, A. I., Solihati, S. Y., & Azizah, T. (2019). Members’ Behavior Towards Baitul Mal Wa Tamwil. KnE Social Sciences, 1270-1276.
Mohiuddin, S. K., & Siddiqui, D. A. (2023). The development of the Maqasid al Shariah Index to assess the sharia compatibility performance of Islamic Industry including other Industry and financial industry & Banks. Available at SSRN.
Narayan, P. K., & Phan, D. H. B. (2019). A survey of Islamic banking and finance literature: Issues, challenges and future directions. Pacific-Basin Finance Journal, 53, 484-496.
Naushad, M. (2021). Comparative analysis of Saudi sharia compliant banks: A CAMEL framework. Accounting, 7(5), 1119-1130.
Novikov, V., Britikova, E., Yarushkina, E., & Kovalenko, L. (2020, January). Islamic banking in the global financial system: current situation and global environment. In 5th International Conference on Economics, Management, Law and Education (EMLE 2019) (pp. 138-143). Atlantis Press
Sri Wahyuni, S. E. (2020). Kinerja Maqashid Syariah dan Faktor-Faktor Determinan. Scopindo Media Pustaka.