THE EFFECT OF POLITICAL IDENTITY DEFINITION ON ISLAMIC FINANCE PERCEPTION IN TURKEY

Authors : Bünyamin ER, Yusuf GÜNEYSU

Pages : 52-60

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Publication Date : 2019-07-10

Article Type : Research Paper

Abstract :Islamic finance which appeared from the concept of Islamic economy continued to develop in the international financial system in recent years. In this context, it is estimated that the total size of the global interest-free finance system reached USD 2.2 trillion at the end of 2016. Although Islamic finance appears to be an alternative to respond to the financial needs of people that have high interest sensitivity, it may be preferred at times by people that don’t have this sensitivity. This study aims to determine the effect of political identity definitions on perception of Islamic finance. In this direction, a questionnaire was conducted to the sample group which selected from students of Karadeniz Technical University and the data obtained were tested by ANOVA method. According to the results of analysis, although there is a difference in Islamic financial perceptions of people with different political identity definitions in terms of reliability, religious sensitivity and preference factors, there is not a significant difference in terms of interest perception, investment products suitability and knowledge factors.
Keywords : Islamic Finance Perception, Political Identity Definition