How to cite this paper
Siddiqui, T., Naushad, M & Farooque, M. (2021). A study on Islamic finance as an approach for financial inclusion in India.Accounting, 7(2), 487-496.
Refrences
Abdul Majeed, P. (2012). Progress of Islamic Banking and India: An empirical study. International Journal of Business and Management Tomorrow, 2(5), 1–6.
Abdullah, A. A., Sidek, R., & Adnan, A. A. (2012). Perception of Non-Muslims Customers towards Islamic Banks in Malaysia. 3(11), 151–163.
Agarwal, S., Amromin, G., Ben-David, I., Chomsisengphet, S., & Evanoff, D. D. (2015). Financial literacy and financial planning: Evidence from India. Journal of Housing Economics, 27, 4–21. https://doi.org/10.1016/j.jhe.2015.02.003
Ahmad, W. M. W. (2008). Religiosity and banking selection criteria among Malays in Lembah Klang. Jurnal Syariah, 16(2), 99–130.
Baber, H., & Zaruova, C. (2018). Religion and Banking: A Study of Islamic Finance in India. 산경연구논집 (IJIDB), 9(6), 7–13. https://doi.org/10.13106/ijidb.2018.vol9.no6.7.
Bajgier, S. M., & Hill, A. V. (1982). An experimental comparison of statistical and linear programming approaches to the discriminant problem. Decision Sciences, 13(4), 604–618. https://doi.org/10.1111/j.1540-5915.1982.tb01185.x
Dangi, N., & Kumar, P. (2013). Current situation of financial inclusion in India and its future visions. International Journal of Management and Social Sciences Research, 2(8), 155-166.
Daud, M., Yussof, I. M., & Abideen, A. (2011). The establishment and operation of Islamic Banks in Nigeria: Perception study on the role of the Central Bank of Nigeria. 1(2), 16.
Demirguc-Kunt, A., Klapper, L., & Randall, D. (2014). Islamic finance and financial inclusion: Measuring use of and demand for formal financial services among Muslim adults. Review of Middle East Economics and Finance, 10(2), 177–218. https://doi.org/10.1515/rmeef-2013-0062
Dusuki, A. W. (2008). Banking for the poor: The role of Islamic banking in microfinance initiatives. Humanomics, 24(1), 49. https://doi.org/10.1108/08288660810851469
Farooq, S. U., Ahmad, G., & Jamil, S. H. (2010). A profile analysis of the customers of Islamic banking in Peshawar, Pukhtunkhwa. International Journal of Business and Management, 5(11), 106. https://doi.org/10.5539/ijbm.v5n11p106
Fasih, F. (2012). Inclusive growth in India through Islamic banking. Procedia - Social and Behavioral Sciences, 37, 97–110. https://doi.org/10.1016/j.sbspro.2012.03.278
Gait, A. H. A. (2009). Libyan attitudes towards Islamic methods of finance: An empirical analysis of retail consumers, business firms and banks. https://doi.org/10.2139/ssrn.1370752
Gandhi, M. (2013). Financial inclusion: Indian initiatives in the global perspective. IOSR Journal of Economic and Finance (IOSR-JEF), 2(2), 27–40. https://doi.org/10.9790/5933-0222740
Garg, S., & Agarwal, P. (2014). Financial Inclusion in India – a Review of Initiatives and Achievements. IOSR Journal of Business and Management, 16(6), 52–61. https://doi.org/10.9790/487X-16615261
Geisser, S., & Greenhouse, S. W. (1958). An extension of box’s results on the use of the $ F $ distribution in multivariate analysis. The Annals of Mathematical Statistics, 29(3), 885–891. https://doi.org/10.1214/aoms/1177706545
Gupta, P., & Singh, B. (2013). Role of literacy level in financial inclusion in India: Empirical evidence. Europe, 1(3), 272-276. https://doi.org/10.7763/JOEBM.2013.V1.59
Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (1998). Multivariate data analysis (Vol. 5, Issue 3). Prentice hall Upper Saddle River, NJ.
Haque, A. (2010). Islamic Banking in Malaysia: A Study of Attitudinal Differences of Malaysian Customers. 18, 12.
Hassan, A. (2014). The challenge in poverty alleviation: Role of Islamic microfinance and social capital. Humanomics: The International Journal of Systems and Ethics, 30(1), 76–90. https://doi.org/10.1108/H-10-2013-0068
Hassan, M. T., Ahmed, M., Imran, M., Naeem, A., Waheed, M., & Ahmed, S. (2012). Customer perception regarding car loans in Islamic and conventional banking. International Journal of Learning and Development, 2(6), 174–185. https://doi.org/10.5296/ijld.v2i6.2859
Iqbal, B. A., & Sami, S. (2017). Role of banks in financial inclusion in India. Contaduría y Administración, 62(2), 644–656. https://doi.org/10.1016/j.cya.2017.01.007
Islam, J. U., & Rahman, Z. (2017). Awareness and willingness towards Islamic banking among Muslims: An Indian perspective. International Journal of Islamic and Middle Eastern Finance and Management, 10(1), 92–101. https://doi.org/10.1108/IMEFM-01-2016-0017
Khan, H. N., & Asghar, N. (2012). Customer awareness and adoption of Islamic Banking in Pakistan. Interdisciplinary Journal of Contemporary Research in Business, 3(9), 359–366.
Khan, M. M., & Bhatti, M. I. (2008). Islamic banking and finance: On its way to globalization. Managerial Finance, 34(10), 708–725. https://doi.org/10.1108/03074350810891029
Mohieldin, M., & Iqbal, Z. (2012). The Role of Islamic Finance in Enhancing Financial Inclusion in Organization of Islamic Cooperation (OIC) Countries. Islamic Economic Studies, 20(2), 55–120. https://doi.org/10.1596/1813-9450-5920
Msellek, W. (2020). Islamic Finance and Its Impact on Financial Inclusion. In Enhancing Financial Inclusion through Islamic Finance, Volume I (pp. 81–90). Springer. https://doi.org/10.1007/978-3-030-39935-1_5
Munuswamy, S., Soundararajan, G., & Ramasamy, R. (2013). Islamic finance in India: A study on the perception of college teachers in Chennai. Journal of Islamic Economics, Banking and Finance, 113(915), 1–18. https://doi.org/10.12816/0001615
Mustafa, D., Baita, A. J., & Usman, A. Y. (2018). Impact analysis of Islamic finance on financial inclusion and economic growth in selected Muslim countries: Lessons for Nigeria. International Journal of Economics, Management and Accounting, 26(2), 393–414.
Naceur, S. B., Barajas, A., & Massara, A. (2017). Can Islamic banking increase financial inclusion? In Handbook of empirical research on Islam and economic life. Edward Elgar Publishing.
Naushad, M. (2019). Intellectual capital and financial performance of Sharia-compliant banks in Saudi Arabia. Banks and Bank Systems, 14(4), 1-9. https://doi.org/10.21511/bbs.14(4).2019.01
Naushad, M., & Malik, S. A. (2015). Corporate governance and bank performance: A study of selected banks in GCC region. Asian Social Science, 11(9), 226-234. https://doi.org/10.5539/ass.v11n9p226
Onakoya, A. B., & Onakoya, A. O. (2014). Alternative financial inclusion strategy: Islamic expectations from Ogun sub-national government, Nigeria. Singaporean Journal of Business, Economics and Management Studies, 51(1448), 1–12.
Phalphale, P. (2011). Islamic Banking-A Challenge for Conventional Banking. Online International Interdisciplinary Research Journal, 1(1), 5.
Rashid, M., & Hassan, M. K. (2009). Customer demographics affecting bank selection criteria, preference, and market segmentation: Study on domestic Islamic banks in Bangladesh. International Journal of Business and Management, 4(6), 131–146. https://doi.org/10.5539/ijbm.v4n6p131
Roskens, R. W., & Croswell, J. W. (1981). Biglan model test based on institutional diversity. International Research Journal of Finance and Economics, 49(10), 26–42.
Shamshad, A. (2011). Interest free Islamic banking in India for inclusive growth and social uplift: Scopes and challenges. International Journal of Business, Humanities and Technology, 1(1), 110–112.
Shankar, S. (2013). Financial inclusion in India: Do microfinance institutions address access barriers. ACRN Journal of Entrepreneurship Perspectives, 2(1), 60–74.
Shinkafi Akilu, A., Yahaya, S., & Sani Tijjani, A. (2019). Realising financial inclusion in Islamic finance. Journal of Islamic Marketing, 11(1), 143–160. https://doi.org/10.1108/JIMA-02-2017-0020
Siang, L., & Weng, L. (2011). Factors affecting non-Muslim consumers towards intention to use Islamic banking products and services. 15–17.
Siddiqui, Taufeeque A, & Siddiqui, K. I. (2020). FinTech in India: An analysis on impact of telecommunication on financial inclusion. Strategic Change, 29(3), 321–330. https://doi.org/10.1002/jsc.2331
Siddiqui, Taufeeque Ahmad, & Siddiqui, K. I. (2018). Assessing Linkage Between Community and Financial Inclusion in India. Journal of Commerce and Management Thought, 9(1), 111–119. https://doi.org/10.5958/0976-478X.2018.00009.5
Siddiqui, Taufeeque Ahmad, & Siddiqui, K. I. (2019). Education and financial literacy: Catalysts for adopting financial services. ZENITH International Journal of Multidisciplinary Research, 9(7), 163–169.
Tabachnick, B., & Fidell, L. (2001). Using Multivariate Statistics, Allyn and Bacon, Boston, MA. Using Multivariate Statistics, 4th Ed. Allyn and Bacon, Boston, MA.
Tahiri Jouti, A. (2018). Islamic finance: Financial inclusion or migration? ISRA International Journal of Islamic Finance, 10(2), 277–288. https://doi.org/10.1108/IJIF-07-2018-0074
Todorov, V., & Filzmoser, P. (2010). Robust statistic for the one-way MANOVA. Computational Statistics & Data Analysis, 54(1), 37–48. https://doi.org/10.1016/j.csda.2009.08.015
Warsame, M. H. (2009). The role of Islamic finance in tackling financial exclusion in the UK [Durham University]. http://etheses.dur.ac.uk/23/
Waters, D. (2008). Quantitative methods for business. Pearson Education.
World Bank. (2013). Global financial development report 2014: Financial inclusion. World Bank Publications. https://doi.org/10.1596/9780821399859
Zulkhibri, M. (2016). Financial inclusion, financial inclusion policy and Islamic finance. Macroeconomics and Finance in Emerging Market Economies, 9(3), 303–320. https://doi.org/10.1080/17520843.2016.1173716
Abdullah, A. A., Sidek, R., & Adnan, A. A. (2012). Perception of Non-Muslims Customers towards Islamic Banks in Malaysia. 3(11), 151–163.
Agarwal, S., Amromin, G., Ben-David, I., Chomsisengphet, S., & Evanoff, D. D. (2015). Financial literacy and financial planning: Evidence from India. Journal of Housing Economics, 27, 4–21. https://doi.org/10.1016/j.jhe.2015.02.003
Ahmad, W. M. W. (2008). Religiosity and banking selection criteria among Malays in Lembah Klang. Jurnal Syariah, 16(2), 99–130.
Baber, H., & Zaruova, C. (2018). Religion and Banking: A Study of Islamic Finance in India. 산경연구논집 (IJIDB), 9(6), 7–13. https://doi.org/10.13106/ijidb.2018.vol9.no6.7.
Bajgier, S. M., & Hill, A. V. (1982). An experimental comparison of statistical and linear programming approaches to the discriminant problem. Decision Sciences, 13(4), 604–618. https://doi.org/10.1111/j.1540-5915.1982.tb01185.x
Dangi, N., & Kumar, P. (2013). Current situation of financial inclusion in India and its future visions. International Journal of Management and Social Sciences Research, 2(8), 155-166.
Daud, M., Yussof, I. M., & Abideen, A. (2011). The establishment and operation of Islamic Banks in Nigeria: Perception study on the role of the Central Bank of Nigeria. 1(2), 16.
Demirguc-Kunt, A., Klapper, L., & Randall, D. (2014). Islamic finance and financial inclusion: Measuring use of and demand for formal financial services among Muslim adults. Review of Middle East Economics and Finance, 10(2), 177–218. https://doi.org/10.1515/rmeef-2013-0062
Dusuki, A. W. (2008). Banking for the poor: The role of Islamic banking in microfinance initiatives. Humanomics, 24(1), 49. https://doi.org/10.1108/08288660810851469
Farooq, S. U., Ahmad, G., & Jamil, S. H. (2010). A profile analysis of the customers of Islamic banking in Peshawar, Pukhtunkhwa. International Journal of Business and Management, 5(11), 106. https://doi.org/10.5539/ijbm.v5n11p106
Fasih, F. (2012). Inclusive growth in India through Islamic banking. Procedia - Social and Behavioral Sciences, 37, 97–110. https://doi.org/10.1016/j.sbspro.2012.03.278
Gait, A. H. A. (2009). Libyan attitudes towards Islamic methods of finance: An empirical analysis of retail consumers, business firms and banks. https://doi.org/10.2139/ssrn.1370752
Gandhi, M. (2013). Financial inclusion: Indian initiatives in the global perspective. IOSR Journal of Economic and Finance (IOSR-JEF), 2(2), 27–40. https://doi.org/10.9790/5933-0222740
Garg, S., & Agarwal, P. (2014). Financial Inclusion in India – a Review of Initiatives and Achievements. IOSR Journal of Business and Management, 16(6), 52–61. https://doi.org/10.9790/487X-16615261
Geisser, S., & Greenhouse, S. W. (1958). An extension of box’s results on the use of the $ F $ distribution in multivariate analysis. The Annals of Mathematical Statistics, 29(3), 885–891. https://doi.org/10.1214/aoms/1177706545
Gupta, P., & Singh, B. (2013). Role of literacy level in financial inclusion in India: Empirical evidence. Europe, 1(3), 272-276. https://doi.org/10.7763/JOEBM.2013.V1.59
Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (1998). Multivariate data analysis (Vol. 5, Issue 3). Prentice hall Upper Saddle River, NJ.
Haque, A. (2010). Islamic Banking in Malaysia: A Study of Attitudinal Differences of Malaysian Customers. 18, 12.
Hassan, A. (2014). The challenge in poverty alleviation: Role of Islamic microfinance and social capital. Humanomics: The International Journal of Systems and Ethics, 30(1), 76–90. https://doi.org/10.1108/H-10-2013-0068
Hassan, M. T., Ahmed, M., Imran, M., Naeem, A., Waheed, M., & Ahmed, S. (2012). Customer perception regarding car loans in Islamic and conventional banking. International Journal of Learning and Development, 2(6), 174–185. https://doi.org/10.5296/ijld.v2i6.2859
Iqbal, B. A., & Sami, S. (2017). Role of banks in financial inclusion in India. Contaduría y Administración, 62(2), 644–656. https://doi.org/10.1016/j.cya.2017.01.007
Islam, J. U., & Rahman, Z. (2017). Awareness and willingness towards Islamic banking among Muslims: An Indian perspective. International Journal of Islamic and Middle Eastern Finance and Management, 10(1), 92–101. https://doi.org/10.1108/IMEFM-01-2016-0017
Khan, H. N., & Asghar, N. (2012). Customer awareness and adoption of Islamic Banking in Pakistan. Interdisciplinary Journal of Contemporary Research in Business, 3(9), 359–366.
Khan, M. M., & Bhatti, M. I. (2008). Islamic banking and finance: On its way to globalization. Managerial Finance, 34(10), 708–725. https://doi.org/10.1108/03074350810891029
Mohieldin, M., & Iqbal, Z. (2012). The Role of Islamic Finance in Enhancing Financial Inclusion in Organization of Islamic Cooperation (OIC) Countries. Islamic Economic Studies, 20(2), 55–120. https://doi.org/10.1596/1813-9450-5920
Msellek, W. (2020). Islamic Finance and Its Impact on Financial Inclusion. In Enhancing Financial Inclusion through Islamic Finance, Volume I (pp. 81–90). Springer. https://doi.org/10.1007/978-3-030-39935-1_5
Munuswamy, S., Soundararajan, G., & Ramasamy, R. (2013). Islamic finance in India: A study on the perception of college teachers in Chennai. Journal of Islamic Economics, Banking and Finance, 113(915), 1–18. https://doi.org/10.12816/0001615
Mustafa, D., Baita, A. J., & Usman, A. Y. (2018). Impact analysis of Islamic finance on financial inclusion and economic growth in selected Muslim countries: Lessons for Nigeria. International Journal of Economics, Management and Accounting, 26(2), 393–414.
Naceur, S. B., Barajas, A., & Massara, A. (2017). Can Islamic banking increase financial inclusion? In Handbook of empirical research on Islam and economic life. Edward Elgar Publishing.
Naushad, M. (2019). Intellectual capital and financial performance of Sharia-compliant banks in Saudi Arabia. Banks and Bank Systems, 14(4), 1-9. https://doi.org/10.21511/bbs.14(4).2019.01
Naushad, M., & Malik, S. A. (2015). Corporate governance and bank performance: A study of selected banks in GCC region. Asian Social Science, 11(9), 226-234. https://doi.org/10.5539/ass.v11n9p226
Onakoya, A. B., & Onakoya, A. O. (2014). Alternative financial inclusion strategy: Islamic expectations from Ogun sub-national government, Nigeria. Singaporean Journal of Business, Economics and Management Studies, 51(1448), 1–12.
Phalphale, P. (2011). Islamic Banking-A Challenge for Conventional Banking. Online International Interdisciplinary Research Journal, 1(1), 5.
Rashid, M., & Hassan, M. K. (2009). Customer demographics affecting bank selection criteria, preference, and market segmentation: Study on domestic Islamic banks in Bangladesh. International Journal of Business and Management, 4(6), 131–146. https://doi.org/10.5539/ijbm.v4n6p131
Roskens, R. W., & Croswell, J. W. (1981). Biglan model test based on institutional diversity. International Research Journal of Finance and Economics, 49(10), 26–42.
Shamshad, A. (2011). Interest free Islamic banking in India for inclusive growth and social uplift: Scopes and challenges. International Journal of Business, Humanities and Technology, 1(1), 110–112.
Shankar, S. (2013). Financial inclusion in India: Do microfinance institutions address access barriers. ACRN Journal of Entrepreneurship Perspectives, 2(1), 60–74.
Shinkafi Akilu, A., Yahaya, S., & Sani Tijjani, A. (2019). Realising financial inclusion in Islamic finance. Journal of Islamic Marketing, 11(1), 143–160. https://doi.org/10.1108/JIMA-02-2017-0020
Siang, L., & Weng, L. (2011). Factors affecting non-Muslim consumers towards intention to use Islamic banking products and services. 15–17.
Siddiqui, Taufeeque A, & Siddiqui, K. I. (2020). FinTech in India: An analysis on impact of telecommunication on financial inclusion. Strategic Change, 29(3), 321–330. https://doi.org/10.1002/jsc.2331
Siddiqui, Taufeeque Ahmad, & Siddiqui, K. I. (2018). Assessing Linkage Between Community and Financial Inclusion in India. Journal of Commerce and Management Thought, 9(1), 111–119. https://doi.org/10.5958/0976-478X.2018.00009.5
Siddiqui, Taufeeque Ahmad, & Siddiqui, K. I. (2019). Education and financial literacy: Catalysts for adopting financial services. ZENITH International Journal of Multidisciplinary Research, 9(7), 163–169.
Tabachnick, B., & Fidell, L. (2001). Using Multivariate Statistics, Allyn and Bacon, Boston, MA. Using Multivariate Statistics, 4th Ed. Allyn and Bacon, Boston, MA.
Tahiri Jouti, A. (2018). Islamic finance: Financial inclusion or migration? ISRA International Journal of Islamic Finance, 10(2), 277–288. https://doi.org/10.1108/IJIF-07-2018-0074
Todorov, V., & Filzmoser, P. (2010). Robust statistic for the one-way MANOVA. Computational Statistics & Data Analysis, 54(1), 37–48. https://doi.org/10.1016/j.csda.2009.08.015
Warsame, M. H. (2009). The role of Islamic finance in tackling financial exclusion in the UK [Durham University]. http://etheses.dur.ac.uk/23/
Waters, D. (2008). Quantitative methods for business. Pearson Education.
World Bank. (2013). Global financial development report 2014: Financial inclusion. World Bank Publications. https://doi.org/10.1596/9780821399859
Zulkhibri, M. (2016). Financial inclusion, financial inclusion policy and Islamic finance. Macroeconomics and Finance in Emerging Market Economies, 9(3), 303–320. https://doi.org/10.1080/17520843.2016.1173716