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İSLAMİ FİNANS VE ORTA DOĞU ÜLKELERİNDE GÖNÜLLÜ MALİ DIŞLAMA

Year 2016, Volume: 8 Issue: 2, 114 - 137, 01.12.2016

Abstract

Bu makale, İslami bankacılık hizmetlerinin arzının artırılması ile gönüllü olarak finansal anlamda dışlanmış grupların arasındaki bağı deneysel olarak incelemektedir. Verilerin yapısı nedeniyle, İslami bankacılık ile gönüllü finansal dışlanma arasındaki ilişkiyi değerlendirmek için en küçük kareler yöntemini kullanıyoruz. Aynı zamanda, literatürdeki sonuçların değişimi olarak, bu makale önde gelen Müslüman ülkelerde İslami finans ve finansal dışlanma arasındaki bağ aracılığıyla mekanizmaları değerlendirmeyi amaçlamaktadır. Sonuçlar, literatürdeki argümanların iyileştirilmesiyle her iki ülke örneğinde İslami bankacılık ile finansal katılım arasında nispeten daha güçlü bir ilişki bulunduğunu gözler önüne sermektedir

References

  • Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). Islamic vs. conventional ban- king: Business model, efficiency and stability. Journal of Banking and Finance, 37, 433-447.
  • Beck, T., Demirgüç-Kunt, A., & Levine, R. (2007). Finance, inequality and the poor. Journal of Economic Growth, 12, 27-49.
  • Collard, S., Kempson, E. & Whyley, C. (2001). Tackling financial exclusion: An area-based approach. Bristol, UK, Policy Press.
  • Commission of The European Communities. (2008). Financial services provision and prevention of financial exclusion. European Commission.
  • Demirgüç-Kunt, A. & Maksimovic, V. (1998). Law, Finance, and Firm Growth. The Journal of Finance, American Finance Association, 53(6), 2107-2137.
  • Demirguc-Kunt, A. & Klapper, L. (2013). Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries. Brookings Papers on Economic Activity, p. 279-321.
  • Demirguc-Kunt, A., Randall, D., & Klapper, L. (2013). Islamic Finance and Financial Inclusion Measuring Use of and Demand for Formal Financial Services among Muslim Adults. Washington, D.C., The World Bank. http://proxy.library.carleton.ca/ login.
  • European Commission, & Organisation for Economic Co-operation and Development. (2008). Handbook on constructing composite indicators methodology and user guide. Paris, OECD. Available from: http://site.ebrary.com/id/10251719.
  • Gait, A., & Philip, G., & Vidhan G. (2009a). Attitudes, Perceptions and Motivations of Libyan Retail Consumers toward Islamic Methods of Finance. St Lucia, Australia, University of Queensland. Available from: http://hdl.handle.net/10072/31929.
  • Gait, A. (2009b). Libyan Attitudes towards Islamic Methods of Finance: An Empirical Analysis of Retail Consumers, Business Firms and Banks. Griffith University. Department of Accounting, Finance and Economics. Available from: http:// www4.gu.edu.au:8080/adt-root/public/adt-QGU20100615.104528.
  • Gerrard, P. & Cunningham, J. (1997). Islamic Banking: A Study in Singapore. International Journal of Bank Marketing. 15 (6), 204-216.
  • Ghoul, W. A. (2011). The Dilemma Facing Islamic Finance and Lessons Learned from the Global Financial Crisis. Journal of Islamic Economics , Banking and Finance. 7, 57-76.
  • Imam, P., & Kpodar, K. (2015). Is Islamic banking good for growth. [Washington, D.C.], International Monetary Fund. http://www.imf.org/external/pubs/cat/longres. aspx?sk=42871.0.
  • Iqbal, Z., & Mirakhor, A. (2012). An introduction to Islamic finance theory and practice. Singapore, John Wiley & Sons (Asia). Available from: http://public.eblib.com/ choice/publicfullrecord.aspx?p=693367.
  • Karakaya, A. & Karamustafa, O. (2004). The Role of Customer Features on the use of Technology Intensive Financial Products in Banks. Active Bankacılık ve Finans Dergisi, 38, 1-6.
  • Kempson, E. (2006). ‘Policy Level Response to Financial Exclusion in Developing Economies: Lessons for Developing Countries’, Paper for Access to Finance: Building Inclusive Financial Systems, May 30-31 2006, World Bank, Washington DC.
  • Khan, A. K., & Khanna, T. (2010). God, Government and Outsiders: The influence of Religious Believes on Depositor Behavior in an Emerging Market. Working Paper. Harvard Business School.
  • King, R. G., & Levine, R. (1993). Finance and growth: Schumpeter might be right. Washington, DC (1818 H St., NW, Washington 20433), Country Economics Dept., World Bank.
  • Lee, K. & Ullah, S. (2011). Customers’ attitude toward Islamic Banking in Pakistan. International Journal of Islamic and Middle Eastern Finance and Management, 4 (2), 131-145.
  • Metawa, S. A. & Almossawi, M. (1998). Banking Behaviour of Islamic Bank Customers: Perspectives and Implications. International Journal of Bank Marketing, 16 (7), 299- 313.
  • Mohieldin, M., Iqbal, Z., Rostom, A., & Fu, X. (2011). The Role of Islamic Finance in Enhancing Financial Inclusion in Organization of Islamic Cooperation (OIC) Countries. Washington, D.C., The World Bank. Available from: http://proxy. library.carleton.ca/login?url=http://elibrary.worldbank.org/content/workingpa- per/10.1596/1813-9450-5920.
  • Naser, K., Jamal, A., & Al-Khatib, K. (1999). Islamic banking: a study of customer sa- tisfaction and preferences in Jordan. International Journal of Bank Marketing, 17(3), 135-151.
  • Okumuş, H. Ş. (2005). Interest-Free Banking in Turkey: A Study of Customer Satisfaction and Bank Selection Criteria. Journal of Economic Cooperation, 26 (4),51- 86.
  • Othman, A. & Owen, L. (2012). Adopting and Measuring Customer Service Quality (SQ) in Islamic Banks: A Case Study in Kuwait Finance House. International Journal of Islamic Financial Services, 3 (1), 1-26.
  • Wakhid, S. C. and Efrita, S. (2007). Adapting Islamic Banks’ Carter Model: An Empirical Study in Riau’s Syariah Banks, Indonesia. Pesat. 2, 120-127.
  • World Bank. (2008). Finance for All? Policies and Pitfalls in Expanding Success. A World Bank Policy Research Report. World Bank Group. Available from: http://www. myilibrary.com?id=119146.
  • World Bank. (2014). Global financial development report. Available from: http://alltitles. ebrary.com/Doc?id=10809087.
  • Yorulmaz, R. (2018). An analysis of constructing global financial inclusion indices. Borsa Istanbul Review. 18, 248-258.

ISLAMIC FINANCE AND VOLUNTARILY FINANCIAL EXCLUSION IN MIDDLE EASTERN COUNTRIES

Year 2016, Volume: 8 Issue: 2, 114 - 137, 01.12.2016

Abstract

This paper empirically investigates the association of increasing the supply of Islamic banking services and voluntarily financially excluded groups. Due to the structure of the data, we use ordinary least square estimations to assess the association between Islamic banking and voluntarily financial exclusion. In the meantime, as the modification of the results in the literature, this paper aims to assess the mechanisms by which the association of Islamic finance and financial exclusion in Muslim dominant countries. The results suggest that improving the arguments in the literature, we find a relatively stronger association between Islamic banking and financial inclusion in both country samples

References

  • Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). Islamic vs. conventional ban- king: Business model, efficiency and stability. Journal of Banking and Finance, 37, 433-447.
  • Beck, T., Demirgüç-Kunt, A., & Levine, R. (2007). Finance, inequality and the poor. Journal of Economic Growth, 12, 27-49.
  • Collard, S., Kempson, E. & Whyley, C. (2001). Tackling financial exclusion: An area-based approach. Bristol, UK, Policy Press.
  • Commission of The European Communities. (2008). Financial services provision and prevention of financial exclusion. European Commission.
  • Demirgüç-Kunt, A. & Maksimovic, V. (1998). Law, Finance, and Firm Growth. The Journal of Finance, American Finance Association, 53(6), 2107-2137.
  • Demirguc-Kunt, A. & Klapper, L. (2013). Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries. Brookings Papers on Economic Activity, p. 279-321.
  • Demirguc-Kunt, A., Randall, D., & Klapper, L. (2013). Islamic Finance and Financial Inclusion Measuring Use of and Demand for Formal Financial Services among Muslim Adults. Washington, D.C., The World Bank. http://proxy.library.carleton.ca/ login.
  • European Commission, & Organisation for Economic Co-operation and Development. (2008). Handbook on constructing composite indicators methodology and user guide. Paris, OECD. Available from: http://site.ebrary.com/id/10251719.
  • Gait, A., & Philip, G., & Vidhan G. (2009a). Attitudes, Perceptions and Motivations of Libyan Retail Consumers toward Islamic Methods of Finance. St Lucia, Australia, University of Queensland. Available from: http://hdl.handle.net/10072/31929.
  • Gait, A. (2009b). Libyan Attitudes towards Islamic Methods of Finance: An Empirical Analysis of Retail Consumers, Business Firms and Banks. Griffith University. Department of Accounting, Finance and Economics. Available from: http:// www4.gu.edu.au:8080/adt-root/public/adt-QGU20100615.104528.
  • Gerrard, P. & Cunningham, J. (1997). Islamic Banking: A Study in Singapore. International Journal of Bank Marketing. 15 (6), 204-216.
  • Ghoul, W. A. (2011). The Dilemma Facing Islamic Finance and Lessons Learned from the Global Financial Crisis. Journal of Islamic Economics , Banking and Finance. 7, 57-76.
  • Imam, P., & Kpodar, K. (2015). Is Islamic banking good for growth. [Washington, D.C.], International Monetary Fund. http://www.imf.org/external/pubs/cat/longres. aspx?sk=42871.0.
  • Iqbal, Z., & Mirakhor, A. (2012). An introduction to Islamic finance theory and practice. Singapore, John Wiley & Sons (Asia). Available from: http://public.eblib.com/ choice/publicfullrecord.aspx?p=693367.
  • Karakaya, A. & Karamustafa, O. (2004). The Role of Customer Features on the use of Technology Intensive Financial Products in Banks. Active Bankacılık ve Finans Dergisi, 38, 1-6.
  • Kempson, E. (2006). ‘Policy Level Response to Financial Exclusion in Developing Economies: Lessons for Developing Countries’, Paper for Access to Finance: Building Inclusive Financial Systems, May 30-31 2006, World Bank, Washington DC.
  • Khan, A. K., & Khanna, T. (2010). God, Government and Outsiders: The influence of Religious Believes on Depositor Behavior in an Emerging Market. Working Paper. Harvard Business School.
  • King, R. G., & Levine, R. (1993). Finance and growth: Schumpeter might be right. Washington, DC (1818 H St., NW, Washington 20433), Country Economics Dept., World Bank.
  • Lee, K. & Ullah, S. (2011). Customers’ attitude toward Islamic Banking in Pakistan. International Journal of Islamic and Middle Eastern Finance and Management, 4 (2), 131-145.
  • Metawa, S. A. & Almossawi, M. (1998). Banking Behaviour of Islamic Bank Customers: Perspectives and Implications. International Journal of Bank Marketing, 16 (7), 299- 313.
  • Mohieldin, M., Iqbal, Z., Rostom, A., & Fu, X. (2011). The Role of Islamic Finance in Enhancing Financial Inclusion in Organization of Islamic Cooperation (OIC) Countries. Washington, D.C., The World Bank. Available from: http://proxy. library.carleton.ca/login?url=http://elibrary.worldbank.org/content/workingpa- per/10.1596/1813-9450-5920.
  • Naser, K., Jamal, A., & Al-Khatib, K. (1999). Islamic banking: a study of customer sa- tisfaction and preferences in Jordan. International Journal of Bank Marketing, 17(3), 135-151.
  • Okumuş, H. Ş. (2005). Interest-Free Banking in Turkey: A Study of Customer Satisfaction and Bank Selection Criteria. Journal of Economic Cooperation, 26 (4),51- 86.
  • Othman, A. & Owen, L. (2012). Adopting and Measuring Customer Service Quality (SQ) in Islamic Banks: A Case Study in Kuwait Finance House. International Journal of Islamic Financial Services, 3 (1), 1-26.
  • Wakhid, S. C. and Efrita, S. (2007). Adapting Islamic Banks’ Carter Model: An Empirical Study in Riau’s Syariah Banks, Indonesia. Pesat. 2, 120-127.
  • World Bank. (2008). Finance for All? Policies and Pitfalls in Expanding Success. A World Bank Policy Research Report. World Bank Group. Available from: http://www. myilibrary.com?id=119146.
  • World Bank. (2014). Global financial development report. Available from: http://alltitles. ebrary.com/Doc?id=10809087.
  • Yorulmaz, R. (2018). An analysis of constructing global financial inclusion indices. Borsa Istanbul Review. 18, 248-258.
There are 28 citations in total.

Details

Primary Language Turkish
Journal Section Research Article
Authors

Recep Yorulmaz This is me

Publication Date December 1, 2016
Published in Issue Year 2016 Volume: 8 Issue: 2

Cite

Chicago Yorulmaz, Recep. “İSLAMİ FİNANS VE ORTA DOĞU ÜLKELERİNDE GÖNÜLLÜ MALİ DIŞLAMA”. Ortadoğu Etütleri 8, no. 2 (December 2016): 114-37.

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