Current state and future prospects of Islamic banking in Morocco: An empirical investigation

Abstract

The purpose of the study is to review the current state of Islamic banking in Morocco, and to investigate the factors that influence the adoption of Islamic banking services in the country. Accordingly, a survey was conducted covering 400 respondents from most of the Moroccan regions, and data analysis was based on linear regression. The findings revealed that the main factors that influence the decision of the Moroccan customers to adopt Islamic banking services are relative advantage, compatibility and social influence. Furthermore, the findings revealed that the progress of Islamic banking in Morocco is faced by multiple legal and regulatory challenges.

Consumer acceptance toward takaful in Pakistan

“…The diffusion innovation theory (DOI)) was first proposed by Rogers (1962) followed by later editions of this framework (Rogers, 1999, 2003). In the past literature, the DOI concept has been widely used in the area of innovation acceptance behavior (Owolabi Yusuf and Mat Derus, 2013; Ali and Puah, 2017; Echchabi et al , 2014, 2015; Ayinde and Echchabi, 2012; Jamshidi and Hussin, 2013; Amin et al , 2013). It can be applied to both organization and individual levels (Rogers, 2003).…”

Factors Affecting the Intentions to use Islamic Banking among Christian Community in Pakistan

“…This study has measured perceived risk in expressions of the predicted outcome, fear of losing money, and expectation of customers about the bank. In previous literature (Echchabi et al, 2015;Omar and Rahim, 2016;Rassool, 2018), it is established as a crucial factor in this regard. Islamic banking.…”

“…Many researchers (Md. Taib, Ramayah, and Razak, 2008;Lee and Ullah, 2011;Echchabi et al, 2015;Obeid and Karachi, 2016;Aaminou and Aboulaich, 2017;Rassool, 2018) check the impact of different factors on the intensions of customers to use Islamic banking. These intentions are then further converted into attitude, behavior, and adoption.…”

“…This study has measured relative advantage in terms of proficiency in service providing, suitability of bank staff, collective respect, and financial benefit. Several scholars (Lateh, Ismail and Ariffin, 2009;Hidayat and Al-Bawardi, 2012;Echchabi et al, 2015;Obeid and Karachi, 2016;Soud and Ozlem, 2017;Kaakeh, Hassan and Almazor, 2018) in the field of adoption and uses decided that relative advantage stays one of the most promising factors which influence consumer's intention. Some more studies in the local context (Khattak and Rehman, 2010;Lee and Ullah, 2011) have studied clients' attitudes and have found that relative advantage also affects the intentions of consumers to practice Islamic funding.…”

“…Aziz (2012) has highlighted that self-efficacy influenced consumers' intention in Islamic banking. Based on the existing literature, the study has developed the next hypothesis: In previous studies (Rashid, Hassan, and Ahmad, 2009;Khattak and Rehman, 2010;Lee and Ullah, 2011;Rehman and Masood, 2012;Faisal, Akhtar, and Rehman, 2014;Echchabi et al, 2015;Naz and Farooq, 2016;Obeid and Karachi, 2016;Aaminou and Aboulaich, 2017;Ali and Puah, 2017;Riaz, Khan, and Khan, 2017;Aziz and Afaq, 2018;Rassool, 2018;Shaikh, 2018) Muslims are more focused due to Islamic banking is grounded on principles of Islam and very rare researchers (Md. Taib, Ramayah, and Razak, 2008;Lateh, Ismail and Ariffin, 2009;Masood, Aktan and Amin, 2009;Abdullah, Sidek and Adnan, 2012;Hidayat and Al-Bawardi, 2012;Abdullah and Shaharuddin, 2016;Nimsith, Shibly and Rifas, 2016;Omar and Rahim, 2016;Sabirzyanov 2016;Soud and Ozlem, 2017;Israr, Qureshi and Butt, 2018;Mbawuni and Nimako, 2018;Setiawan, Panduwangi and Sumintono, 2018)…”