Revisiting Islamic finance & Banking A Stakeholders perception towards Islamic Microfinance: An empirical study
irfan Ahmed sheikh, Arif ahmad shahloo & Nadiya Amin

1. Associate professor SSM
2. research Scholar Mewar university india
3. research scholar Bhagwant University Ajmer Rajasthan

Abstract

Islamic Micro Banking (IMB) has grown tremendously over the years despite being relatively low compared to mainstream Islamic banking. To reach out to the public opinion, this study^s goal remains to identify the variables influencing people^s impersonations of Islamic microfinance. For that very purpose, the University students and bank employees from Jammu and Kashmir (J&K), Delhi, Haryana, and Punjab are the subjects of a questionnaire survey that is used to gather the primary data. As independent factors in this study^s regression model, General awareness (GW), product awareness (PA), religious motivation (RM), customer innovativeness (CI), and perceived risk (PR) are examined. The dependent variable in this study is the stakeholders^ perspective (SP). The findings show that clients^ attitudes toward Islamic Micro banking and finance are generally positive. Furthermore, the results show that every independent construct significantly impacts how potential clients perceive the Islamic way of financing. As a result, the research^s findings have enormous ramifications for Islamic regulatory organizations. The primary use of this research is to foster ties between academia and the banking industry, i.e., to study how potential consumers perceive Islamic finance in the countries. This study advances the theoretical understanding of perceptions of Islamic financing services and offers helpful advice for Islamic microfinance marketers looking to increase their reach. Additionally, the findings may act as a guide for future research in a similar domain.

Keywords: Islamic micro-finance (IMF)- Customer innovativeness- Customer perceptions- motivation, awareness

Topic: Islamic entrepreneurship and sociopreneur