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Public awareness and the role of Islamic deposit insurance in promoting financial inclusion

Deposit Insurance Scheme is a safety-net instrument used by governments to ensure the stability of the banking systems and protect depositors in the event of bank failure. Islamic deposit insurance is a Shariah-compliant system that provides protection to depositors against this type of failure and...

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Main Authors: Hamisu, Salisu, Hassan, Rusni
Format: Book Chapter
Language:English
Published: Springer 2020
Subjects:
BPH Islamic Economics
Online Access:http://irep.iium.edu.my/88154/5/88154%20Public%20awareness%20and%20the%20role%20of%20Islamic%20deposit%20insurance.pdf
http://irep.iium.edu.my/88154/
https://link.springer.com/chapter/10.1007%2F978-3-030-39939-9_6
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spelling my.iium.irep.881542021-02-01T03:30:35Z http://irep.iium.edu.my/88154/ Public awareness and the role of Islamic deposit insurance in promoting financial inclusion Hamisu, Salisu Hassan, Rusni BPH Islamic Economics Deposit Insurance Scheme is a safety-net instrument used by governments to ensure the stability of the banking systems and protect depositors in the event of bank failure. Islamic deposit insurance is a Shariah-compliant system that provides protection to depositors against this type of failure and reinforces consumer protection aspects inherent to Islam. The inculcation of Islamic deposit insurance will boost the potential and value proposition of Islamic finance, motivating non-users excluded due to lack of trust. This empirical research examines how a deposit insurance scheme for Islamic banks can enhance confidence and facilitate participation in the financial system. A sample of 412 depositors from both Islamic and conventional banks in Nigeria was used to determine the awareness level, knowledge and understanding of the potential of the Islamic deposit insurance scheme. The results suggest that the scheme offers a great opportunity and can lead to increase in access. Springer 2020 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/88154/5/88154%20Public%20awareness%20and%20the%20role%20of%20Islamic%20deposit%20insurance.pdf Hamisu, Salisu and Hassan, Rusni (2020) Public awareness and the role of Islamic deposit insurance in promoting financial inclusion. In: Enhancing Financial Inclusion through Islamic Finance. Springer, Switzerland, pp. 161-175. ISBN 978-3-030-39938-2 https://link.springer.com/chapter/10.1007%2F978-3-030-39939-9_6 10.1007/978-3-030-39939-9_6
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic BPH Islamic Economics
spellingShingle BPH Islamic Economics
Hamisu, Salisu
Hassan, Rusni
Public awareness and the role of Islamic deposit insurance in promoting financial inclusion
description Deposit Insurance Scheme is a safety-net instrument used by governments to ensure the stability of the banking systems and protect depositors in the event of bank failure. Islamic deposit insurance is a Shariah-compliant system that provides protection to depositors against this type of failure and reinforces consumer protection aspects inherent to Islam. The inculcation of Islamic deposit insurance will boost the potential and value proposition of Islamic finance, motivating non-users excluded due to lack of trust. This empirical research examines how a deposit insurance scheme for Islamic banks can enhance confidence and facilitate participation in the financial system. A sample of 412 depositors from both Islamic and conventional banks in Nigeria was used to determine the awareness level, knowledge and understanding of the potential of the Islamic deposit insurance scheme. The results suggest that the scheme offers a great opportunity and can lead to increase in access.
format Book Chapter
author Hamisu, Salisu
Hassan, Rusni
author_facet Hamisu, Salisu
Hassan, Rusni
author_sort Hamisu, Salisu
title Public awareness and the role of Islamic deposit insurance in promoting financial inclusion
title_short Public awareness and the role of Islamic deposit insurance in promoting financial inclusion
title_full Public awareness and the role of Islamic deposit insurance in promoting financial inclusion
title_fullStr Public awareness and the role of Islamic deposit insurance in promoting financial inclusion
title_full_unstemmed Public awareness and the role of Islamic deposit insurance in promoting financial inclusion
title_sort public awareness and the role of islamic deposit insurance in promoting financial inclusion
publisher Springer
publishDate 2020
url http://irep.iium.edu.my/88154/5/88154%20Public%20awareness%20and%20the%20role%20of%20Islamic%20deposit%20insurance.pdf
http://irep.iium.edu.my/88154/
https://link.springer.com/chapter/10.1007%2F978-3-030-39939-9_6
_version_ 1691732921913704448
score 13.211869

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