TY  - JOUR
TT  - Potential for Islamic Banking in Macedonia:  An Empirical Evidence
AU  - Abdullahi, Sherif
AU  - Shaharuddin, Amir
PY  - 2016
DA  - September
JF  - International Review of Management and Marketing
JO  - IRMM
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4405
SP  - 1039
EP  - 1047
VL  - 6
IS  - 4
KW  - Islamic banking
KW  - Knowledge and awareness
KW  - Demand and support for Islamic banking services
KW  - Macedonia
N2  - The purpose of this research paper is to investigate the potential for introduction of Islamic banking services in Macedonia. Furthermore, it examines the level of knowledge and awareness on Islamic banking principles and instruments, and the demand and support for Islamic banking services among various banks’ stakeholders in Macedonia. The study adopted a combination of quantitative and qualitative methods. 500 respondents participated in the survey of questionnaires and 16 experts including regulators, bankers, religious scholars and academician were interviewed. Descriptive statistics was used to analyze the questionnaires. Hence, the interpretative method was used to analyze the interviews. The findings indicate solid level of knowledge and awareness on Islamic banking principles and instruments among various banks’ stakeholders. Also, there is a strong demand and support for Islamic banking services among various banks’ stakeholders. Considering the gap found in literature, the need to conduct a research to investigate the need for Islamic banking service in Macedonia is highlighted. In the case of Macedonia, the study could be beneficial for investors and regulators who might think of introducing Islamic banking services in the country.
UR  - https://dergipark.org.tr/en/pub/irmm/article/355727
L1  - https://dergipark.org.tr/en/download/article-file/367442
ER  -