Can Islamic banking revive Somalia’s ailing economy?
| Autor: | Mohammed Hersi Warsame, Alhashmi Aboubaker Lasyoud, Yousif Abdelbagi Abdalla |
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| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: | |
| Zdroj: | Accounting, Vol 7, Iss 7, Pp 1709-1716 (2021) Warsame, M H, Abdalla, Y A & Lasyoud, A A 2021, ' Can Islamic banking revive Somalia’s ailing economy? ', Accounting, vol. 7, no. 7, pp. 1709-1716 . https://doi.org/10.5267/j.ac.2021.4.027 |
| ISSN: | 2369-7407 2369-7393 |
| Popis: | The study aims to evaluate the Islamic banking prospects in Somalia and the role it can play in reviving the country’s ailing economy. Somalis were recruited through purposive sampling techniques. Structural equation modeling (SEM) has been adopted to analyze the data collected using SmartPLS. The findings have shown a negative and insignificant impact of absence of a functioning financial system, lack of funding and expertise, and effect of bank absence on businesses. Financial and political infrastructure significantly affected the Islamic banking system of Somalia. Law and order measures show a significant impact on suitability of banking and financial systems of Somalia. Sharia compliant finance shows a positive but insignificant impact on Islamic banking in Somalia. Standalone new banks in Somalia have fewer chances of success due to the absence of personnel with the necessary skills and qualifications. |
| Databáze: | OpenAIRE |
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