Publication:
Understanding Demand for Sharia-Compliant Loans: Results of a Randomized Experiment in Jordan

Simple item page
dc.contributor.authorEl-Zoghbi, Mayada
dc.contributor.authorKarlan, Dean
dc.contributor.authorOsman, Adam
dc.contributor.authorShammout, Nour
dc.date.accessioned2016-06-17T18:50:44Z
dc.date.available2016-06-17T18:50:44Z
dc.date.issued2016-03
dc.description.abstractThe evidence on demand for sharia-compliant financial services is mixed. On the one hand, IFC-funded studies showed relatively high demand, while results from Findex showed that financial exclusion due to religious reasons was minimal (Demirguc-Kunt, Klapper, and Randall 2013). One of the reasons behind these contradictory messages could be the survey instruments themselves: perhaps the issue is not so much what people want but how they were asked. For example, if you ask participants why they do not use borrowing or savings products, their responses may include ‘they are too expensive’ or ‘they are too far away’ even if the real reason is something more nuanced, such as intra-household bargaining issues. Similarly, if you ask Muslims if they prefer an interest-bearing loan or a noninterest-bearing loan, it might not be surprising that they would choose the noninterest-bearing loan, perhaps because they want to demonstrate piety, or maybe because they assume it means a no-cost loan.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/06/26430468/understanding-demand-sharia-compliant-loans-results-randomized-experiment-jordan
dc.identifier.doi10.1596/24569
dc.identifier.urihttps://hdl.handle.net/10986/24569
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesCGAP Brief;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectMUSLIMS
dc.subjectCLIENT
dc.subjectTRANSACTION
dc.subjectFINANCIAL SERVICES
dc.subjectPDF
dc.subjectBORROWER
dc.subjectGOOD
dc.subjectPRICE INCREASES
dc.subjectSHARIA
dc.subjectSOFTWARE
dc.subjectRESULTS
dc.subjectINTEREST
dc.subjectVALUE
dc.subjectPRICE ELASTICITY OF DEMAND
dc.subjectINTEREST RATE
dc.subjectOPTION
dc.subjectDEMAND
dc.subjectINFORMATION
dc.subjectBANK ACCOUNT
dc.subjectMICROFINANCE LOANS
dc.subjectFAX
dc.subjectHOUSEHOLD BARGAINING
dc.subjectCONSUMER DURABLE
dc.subjectLOAN PRODUCT
dc.subjectREPAYMENT
dc.subjectMURABAHA
dc.subjectLOAN
dc.subjectBORROWERS
dc.subjectPRICE
dc.subjectMARKET
dc.subjectVERIFICATION
dc.subjectFINANCIAL SERVICE
dc.subjectISLAMIC FINANCE
dc.subjectINSTRUMENTS
dc.subjectCREDIBILITY
dc.subjectCOMPUTER
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectRESULT
dc.subjectMICROFINANCE
dc.subjectINSTITUTIONS
dc.subjectADVERTISING
dc.subjectGOODS
dc.subjectSAVINGS
dc.subjectDURABLE
dc.subjectBLOG
dc.subjectBUSINESS
dc.subjectFINANCIAL INSTITUTION
dc.subjectCONSUMER CREDIT
dc.subjectRELIGIOUS LEADER
dc.subjectPRODUCTS
dc.subjectINNOVATION
dc.subjectINSTITUTION
dc.subjectOPTIONS
dc.subjectISLAMIC MICROFINANCE
dc.subjectMARKETING
dc.subjectLOAN APPLICATION
dc.subjectSERVICE PROVIDER
dc.subjectCUSTOMERS
dc.subjectDATABASE
dc.subjectLOANS
dc.subjectPRICE SENSITIVITY
dc.subjectSEE
dc.subjectDURABLES
dc.subjectAUTHENTICATION
dc.subjectTARGET
dc.subjectFINANCE
dc.subjectCLIENTS
dc.titleUnderstanding Demand for Sharia-Compliant Loansen
dc.title.subtitleResults of a Randomized Experiment in Jordanen
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crossref.titleUnderstanding Demand for Sharia-Compliant Loans: Results of a Randomized Experiment in Jordan
okr.date.disclosure2016-06-02
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/2016/06/26430468/understanding-demand-sharia-compliant-loans-results-randomized-experiment-jordan
okr.guid856701468196732651
okr.identifier.doi10.1596/24569
okr.identifier.doihttps://doi.org/10.1596/24569
okr.identifier.externaldocumentum090224b08438e9e0_1_0
okr.identifier.internaldocumentum26430468
okr.identifier.report106037
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/06/03/090224b08438e9e0/1_0/Rendered/PDF/Understanding00experiment0in0Jordan.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryJordan
okr.topicPrivate Sector Development::E-Business
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicFinance and Financial Sector Development::Islamic Finance
okr.topicFinance and Financial Sector Development::Access to Finance
okr.unitFinance & Markets - Consult. Grp (GFMGP)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
Understanding00experiment0in0Jordan.pdf
Size:
80.35 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
Understanding00experiment0in0Jordan.txt
Size:
23.22 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
CGAP Brief