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Potential of Islamic banks as financial inclusion for poverty alleviation: Somalia as a case study

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dc.contributor.authorMohamud Mohamed Ali
dc.contributor.supervisorMagda Ismail Abdel Mohsin
dc.date.accessioned2024-03-18T00:54:09Z
dc.date.available2024-03-18T00:54:09Z
dc.date.issued2021
dc.description.abstractThis dissertation aims to study Islamic banks' potential in contributing to the access of financial services to alleviate poverty in Somalia using a structured questionnaire. We used stratified and purposive random sampling techniques to select the respondents for the questionnaire. The respondents consisted of Islamic bankers across the country, students, and academicians in the field of Islamic banking and finance. After the data was collected, we employed Ordinary Least Square (OLS) to analyse. The findings indicate a strong association between the presence of Islamic banks and financial inclusion. Signalling that the diversity of its products has a substantial effect on access to financial services, especially among poor people. It reduces poverty by eliminating society's inequalities and improving the overall standard of living. We further observed that low-income and high value of the required collateral and lack of enough retail products in the banking portfolio are main obstacles that make it challenging for the poor to access financial services. The finding also indicates that Islamic banks are hesitant to use fintech to overcome the trust issue to expand their services to financially excluded households and businesses with low incomes, mainly due to political instability and lack of historical data.en_US
dc.identifier.citationMohamed Ali, M. (2021). Potential of Islamic banks as financial inclusion for poverty alleviation: Somalia as a case study (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3997en_US
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3997
dc.languageEnglish
dc.language.isoengen_US
dc.publisherINCEIFen_US
dc.rights2021. INCEIF
dc.sourceSGPS
dc.subjectIslamic banks
dc.subjectOLS
dc.subjectCurrent products
dc.subjectFinancial inclusion
dc.subjectPoverty reduction
dc.subjectProject paper (MSc)
dc.titlePotential of Islamic banks as financial inclusion for poverty alleviation: Somalia as a case studyen_US
dc.typeMasteren_US
dlc.maintopicIslamic banking
dspace.entity.typePublication
ikr.doctypeTheses
ikr.licenseAvailable in PDF format. Kindly email to kmc@inceif.edu.my to access the item
ikr.topic.maintopicIslamic bankingen_US
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