Determine the Factors Influencing the Investors’ Participation to Adopt Takaful in Turkey

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Emine Ebru Aksoy
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Ayse Yildiz
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Determine the Factors Influencing the Investors’ Participation to Adopt Takaful in Turkey

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Abstract

In Muslim countries such as Turkey, it can be seen a rapid trend towards the Islamic financial instruments. The takaful system is alsosuch an instrument developed against the conventional insurance system and becoming widespread in Muslim countries. Therefore, this study aims to determine what the effective factors in people’s participation in the takaful system in Turkey and have some implications for the increase in participation. In order achieve this goal, evaluations were carried out on a sample of 422 responders whose age were 18 and over and having salary. The responders were asked to respond about their socio-demographic characteristics such as gender, age, education level and their risk profiles. In addition, in order to reveal opinions of responders about the conventional and takaful system, self-administered survey questionnaire including 30 items based on five-point Likert scale were developed with reviewed literature studies and considering Turkish case.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

emine_ebru_aksoy. 2020. \u201cDetermine the Factors Influencing the Investors’ Participation to Adopt Takaful in Turkey\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 20 (GJMBR Volume 20 Issue B12): .

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Issue Cover
GJMBR Volume 20 Issue B12
Pg. 21- 30
Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-B Classification: JEL Code: A10
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v1.2

Issue date

December 17, 2020

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en
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In Muslim countries such as Turkey, it can be seen a rapid trend towards the Islamic financial instruments. The takaful system is alsosuch an instrument developed against the conventional insurance system and becoming widespread in Muslim countries. Therefore, this study aims to determine what the effective factors in people’s participation in the takaful system in Turkey and have some implications for the increase in participation. In order achieve this goal, evaluations were carried out on a sample of 422 responders whose age were 18 and over and having salary. The responders were asked to respond about their socio-demographic characteristics such as gender, age, education level and their risk profiles. In addition, in order to reveal opinions of responders about the conventional and takaful system, self-administered survey questionnaire including 30 items based on five-point Likert scale were developed with reviewed literature studies and considering Turkish case.

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Determine the Factors Influencing the Investors’ Participation to Adopt Takaful in Turkey

Emine Ebru Aksoy
Emine Ebru Aksoy
Ayse Yildiz
Ayse Yildiz

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