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The Role of Religious Education in Promoting the Islamic Banking System among the Young Muslim Generation: A Case Study

Author

Listed:
  • Mohd Arip Kasmo
  • Bayu Taufiq Possumah
  • Mohamad Sabri Haron
  • Hasnan Kasan
  • Aminuddin Bashir

Abstract

The paper reports and discusses a study which was conducted on 490 Muslim respondents from the young generation between the ages 18 to 40 years. The study aimed to identify the popularity of the Islamic banking system among the students of the National University of Malaysia, and the role of Islamic education in promoting the Islamic banking system to the respondents. The findings of the study could be used to popularise further the Islamic banking system in the country. The respondents were selected randomly from The National University of Malaysia. Each respondent was given a booklet of questionnaires containing statements with given choices of yes or no answers as well as the open ended questions. The responses were analysed using the Statistical Package for the Social Sciences (SPSS), to obtain the percentages of the responses. The findings of the study indicated that the Islamic banking system was very popular among the younger generation. About 63% of respondents kept their savings in the Islamic banking system. The findings also shown that the respondents who are most inclined towards the system were those who had been educated in the Islamic education system. 85.0% of the students of the Islamic Studies Faculty saved their money in the Islamic banking system, followed by the respondents from the Faculty of Education (73%) and also the Faculty of Law (72.3%). The controlled groups i.e. the respondents from the other faculties, where the Islamic education was not thought, the percentages of the respondents who saved in the Islamic banking system were much lower.

Suggested Citation

  • Mohd Arip Kasmo & Bayu Taufiq Possumah & Mohamad Sabri Haron & Hasnan Kasan & Aminuddin Bashir, 2015. "The Role of Religious Education in Promoting the Islamic Banking System among the Young Muslim Generation: A Case Study," Journal of Sustainable Development, Canadian Center of Science and Education, vol. 8(1), pages 194-194, January.
    • Handle: RePEc:ibn:jsd123:v:8:y:2015:i:1:p:194
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    References listed on IDEAS

    as
    1. Elasrag, Hussein, 2014. "Corporate governance in Islamic financial institutions," MPRA Paper 56326, University Library of Munich, Germany.
    2. Angelo M Venardos, 2011. "Islamic Banking and Finance in South-East Asia:Its Development and Future," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 8149, August.
    3. Elasrag, Hussein, 2014. "Corporate governance in Islamic Finance: Basic concepts and issues," MPRA Paper 56872, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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