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" 2020 Survey of Smes and Consumers in Us Having a Propensity to Transact Business Using Islamic Financing as an Alternative Financing Mechanism "
Olsen, Sheila Eileen
Fogarty, David
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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1054569
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| Doc. No
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TL53686
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| Main Entry
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Olsen, Sheila Eileen
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| Title & Author
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2020 Survey of Smes and Consumers in Us Having a Propensity to Transact Business Using Islamic Financing as an Alternative Financing Mechanism\ Olsen, Sheila EileenFogarty, David
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| College
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Northcentral University
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| Date
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2020
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| Degree
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Ph.D.
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| student score
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2020
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| Note
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195 p.
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| Abstract
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There are alternative methods of finance, such as Islamic finance. Many small medium enterprise businesses and consumers are unaware of the Islamic finance system, and because of this, they and the providers of Islamic finance are missing opportunities for beneficial transactions. The purpose of this research was to gain a better understanding about the issues related to the alternative finance mechanism of Islamic finance, and awareness of such a system. The Theory of Planned Behavior guides this research, and provides a model of how behavioral intentions are formed, based on awareness, attitudes, norms, and perceived control. A quantitative approach was adopted. Participants included 98 small medium enterprise owners and individual consumers in California. Issues concerned relationships between small medium enterprise and consumer level of awareness, with religion as a moderator, to the propensity to participate in the Islamic finance system. A correlational design was implemented. A 23-item survey was used, by way of the Survey Monkey online platform. Statistical analysis included correlational and multiple regression techniques, and moderation analysis. Variable relationships analyzed included the predictor variables of awareness, attitudes, subjective norms, perceived behavioral control concerning Islamic finance, as related to the criterion variable the propensity to use the Islamic finance system. Strong positive relationships were found between all predictors and the criterion, supporting the hypotheses that higher levels of awareness of Islamic finance, relates to higher levels of propensity to use the Islamic finance system. The moderation analysis showed an interaction effect of Muslims and non-Muslims on level of awareness, however the result obtained was not significant. The outcomes suggest that small medium enterprise businesses, individual consumers and Islamic finance providers may benefit, by providing programs to increase awareness about Islamic finance, addressing the cultural dimensional needs of a given community.
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| Descriptor
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Business administration
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Finance
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| Added Entry
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Fogarty, David
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Northcentral University
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