Asian Journal of Research in Banking and Finance
  • Year: 2013
  • Volume: 3
  • Issue: 12

An Empirical Investigation on Perception of Post-Graduate Students towards Islamic Finance in Islamic Republic Of Pakistan

  • Author:
  • Imran Umer Chhapra, Shumaila Bhutto
  • Total Page Count: 13
  • Page Number: 68 to 80

*Department of Management Sciences, KASB Institute of Technology (KASBIT), Karachi, Pakistan

**Institute of Business and Technology (IBT), Karachi, Pakistan

Online published on 7 December, 2013.

Abstract

In this study, researchers aim is to study the perception of post-graduate students’ towards Islamic finance or Islamic banking using religion, knowledge and quality of services as their independent variables. They collected primary data using questionnaire from 300 post-graduate students of different universities of three major cities of Pakistan i.e. Karachi, Lahore and Islamabad. Furthermore, they conducted statistical analysis of data using Cronbach's Alpha Reliability, Regression, ANOVA and Correlation analysis. The results revealed that questionnaire is 88.4% reliable and all independent variables have significant, positive and moderate relationship with dependent variable. In the conclusion, the study elucidate that Islamic finance is gaining popularity with the passage of time and has a great opportunity in to grow and prosper in Pakistan.

Keywords

Religion, Interest, Islamic Finance, Shariah, Knowledge and services quality