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Ustaoglu / Ustaoglu / Yerdelen Tatoglu The Demand for Alternative Finance
Erscheinungsjahr 2025
ISBN: 978-3-032-01765-9
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark
Evidence from the Turkish Savings Finance Sector
E-Book, Englisch, 30 Seiten
Reihe: Economics and Finance
ISBN: 978-3-032-01765-9
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark
This book explores the Savings Finance model in Turkey, an interest-free financial system grounded in interest-free finance principles that came into being in the 1990s as an ethical alternative to conventional banking. The study examines the operational mechanisms of the model, particularly the collective savings pools for housing, vehicles, and workplaces. These pools circumvent the use of fixed interest rates by employing profit and loss sharing and managed fund pools. The book integrates theoretical analyses of interest-free finance and global models, such as ROSCAs, with empirical data from a nationwide survey of 662 participants. It assesses factors including public trust, theological sensitivities, and demographic influences on financial preferences.
The book discusses the sector's legal framework, operational mechanisms (including inflation-protected and lottery-based models), and its socio-economic impact, highlighting challenges like balancing religious norms with cost competitiveness. It also assesses awareness gaps and strategies to enhance institutional credibility. The book's comprehensive collection of cross-tabulated demographic data and quantitative analyses renders it a valuable resource for scholars of interest-free finance, economists, policymakers, and professionals interested in ethical financial systems. It offers critical insights for those exploring how cultural, religious, and regulatory dynamics shape alternative finance in emerging markets.Zielgruppe
Research
Autoren/Hrsg.
Weitere Infos & Material
Chapter 1: Introduction to The Savings Finance as an Alternative Finance Model, Murat Ustaoglu and Ferda Yerdelen Tatoglu.- Chapter 2: Theoretical Foundations of The Savings Finance, Murat Ustaoglu and Mucahid Karabalik.- Chapter 3: Relationship with the Financial System and Empirical Analysis of Interest Ban Sensitivity, Leyla Isbilen and Muhammet Sait Bozik.- Chapter 4: The Savings Finance Sector and Public Awareness Analysis, N. Melis Esenyel Içen and Murat Istekli.- Chapter 5: Savings Finance and Public Trust: Empirical Analysis, Özlem Yorulmaz and Abdüsselam Sagin.- Chapter 6: Evaluation of the Analysis Results of the Savings Finance, Büsra Çil and Muhammet Sait Bozik.