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

Year 2019, Volume: 8 Issue: 15, 52 - 60, 10.07.2019

Bünyamin Er , Yusuf Güneysu

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

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