scholarly journals Constructing Indicators For Islamic Financial Inclusion

2021 ◽  
Vol 3 (2) ◽  
pp. 101
Author(s):  
Fauz Moh'd Khamis
Keyword(s):  
Factor Analysis ◽  
Financial Services ◽  
Measurement Instrument ◽  
Financial Inclusion ◽  
Islamic Finance ◽  
Measurement Tool ◽  
Actual Performance ◽  
Four Dimensions ◽  
Components Analysis

This study conceptualizes and proposes the measurement items and constructs for assessing the financial inclusion of Islamic finance. It proposes and validates the demand-side measurement tool for the financial inclusion of Islamic finance using four dimensions, i.e., quality, accessibility, usage, and satisfaction. The measurement instrument proposed in this study assesses the actual performance of Islamic finance towards total financial inclusion. The study was based on exploratory factor analysis of the questionnaire responses collected from 129 respondents. The questionnaires were distributed to the Zanzibar residents from February 2021 to March 2021. The questionnaires are adapted mainly from the Findex Survey (2017). The financial inclusion of Islamic finance can be determined using four dimensions (components); relevancy (quality) of Islamic financial services, accessibility of Islamic financial services, usage of Islamic financial services, and satisfaction with Islamic financial services. The study is limited to Principal Components Analysis as a factor analysis approach. Besides, the study has been conducted in Zanzibar, a semi-autonomous nation in East Africa. Therefore, more comprehensive studies are required in various areas for generalizing the results.

Determinants of Financial Inclusion in Namobuddha Municipality, Nepal

2021 ◽  
Vol 5 (1) ◽  
pp. 60-74
Author(s):  
Jeetendra Dangol ◽  
Anil Humagain
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Control Variable ◽  
Financial Innovation ◽  
Sampling Technique ◽  
Financial Inclusion ◽  
Gender Education ◽  
And Control ◽  
Moderating Role

Financial inclusion is a priority agenda in countries like Nepal. The study seeks to determine the access to financial services, financial innovation and quality of financial services to the financial inclusion.The study is based on questionnaire surveydata with363 household respondents using a convenient sampling technique, and carried out in Namobuddha Municipality of Nepal. The moderating effect of financial literacy and control variable of demographic items have been analysed using generalised regression model. The results show that financial innovation and quality of financial services are the significant determinants of financial inclusion; financial literacy is found significant and it plays a moderating role between the variables under study. The findings revealed that the tendency of higher level of financial inclusion was influenced by gender, education level and monthly income.

scholarly journals Bottlenecks to Financial Development, Financial Inclusion, and Microfinance: A Case Study of Mauritania

2020 ◽  
Vol 13 (10) ◽  
pp. 239
Author(s):  
Mohamedou Bouasria ◽  
Arvind Ashta ◽  
Zaka Ratsimalahelo
Keyword(s):  
Financial Development ◽  
Financial Services ◽  
Secondary Data ◽  
Financial Inclusion ◽  
Access To Credit ◽  
Expert Interview ◽  
Public Sector Employees ◽  
Components Analysis ◽  
Country People

The objective of the study was to enhance our knowledge on institutional bottlenecks for financial development, financial inclusion, and microfinance, using Mauritania as a case study. We used a mixed-methods’ methodology that combines analysis of secondary data and an expert interview. First, a logit model with dummy independent variables was used to investigate the factors that impact the households’ access to credit, the main advantage of this model being to avoid confounding effects by analyzing the association of all variables together. Our study found that access to financial services is equal in Mauritania between men and women, but that access to credit is higher for public sector employees, educated people, and households with smaller families. Second, using principal components’ analysis, we found that the different regions of Mauritania can be divided based on unemployment, income, literacy, financial inclusion, and population density into two main dimensions, yielding four quadrants: Attractive, industrious, moderate, and resource cursed. We expected that sparsely populated countries would have less access to credit. Counterintuitively, we found that within a low-density country, people in the lowest-density regions have higher odds of getting credit. Third, based on an interview with an expert, we noted the key challenges that microfinance is facing in Mauritania and provided recommendations to overcome these. As in most case studies, external validity was limited.

scholarly journals Development and Validation of the Short Multidimensional Well-Being Questionnaire (SMWQ)

2017 ◽  
Vol 10 (1) ◽  
pp. 25-31
Author(s):  
Lucile Bigot ◽  
Catherine Garncarzyk ◽  
Antoine Gauthier ◽  
Gaelle Quarck ◽  
Fabrice Dosseville
Keyword(s):  
Quality Of Life ◽  
Older Adults ◽  
Factor Analysis ◽  
Factor Structure ◽  
Convergent Validity ◽  
Well Being ◽  
Emotional Reactions ◽  
Self Report ◽  
Four Dimensions

Purpose: Psychological well-being and health are closely linked at older ages. It is widely recognized that adapted regular physical exercise improves drastically both the physical and emotional well-being and allows older adults to stay healthy longer, with a better quality of life. In the framework of a European project (MOTION) to increase the life expectancy, independence and quality of life of older adults, the aim of the current research was to develop and validate a brief, multi-faceted, self-report measure of well-being in older adults. Method: The aim of Study 1 was to establish the factor structure of the newly developed measure using Exploratory Factor Analysis (EFA). The aim of Study 2 was to replicate the measure's factor structure using Confirmatory Factor Analysis (CFA), and to evaluate test-retest reliability and convergent validity. Results: Analyses allowed generating a model of well-being comprising four dimensions: Perceived physical value, self-esteem and self-efficacy, socialization, and emotional reactions. Conclusion: The findings suggest that the SMWQ is appropriate for use with older adults and can help researchers and health professionals to assess the effects of APA programs.

scholarly journals An Empirical Study on the Employability Structure of Pharmacy Graduates

2017 ◽  
Vol 10 (3) ◽  
pp. 204
Author(s):  
Yan Huang ◽  
Qin Fang ◽  
Kunling Weng ◽  
Boyang Yu
Keyword(s):  
Factor Analysis ◽  
Structural Model ◽  
Professional Competence ◽  
Four Dimensions ◽  
Personal Quality ◽  
Social Ability ◽  
Confirmatory Factor ◽  
Innovation Ability ◽  
Coordination Ability

In this paper, through the interviews and questionnaires of the experts of medical colleges and universities in China, the executives of pharmaceutical enterprises and the graduates of pharmaceutical specialty, we use statistical analysis techniques such as exploratory factor analysis and confirmatory factor analysis to present and verify the pharmaceutical structural model of the employment ability of undergraduates. The results show that the structure of employment ability of the undergraduates of pharmaceutical specialty in China can be divided into four dimensions: Development ability, Social ability, Professional ability and Personal quality, and there is some correlation between these four dimensions. Among them, the innovation ability has the greatest impact on the development of pharmaceutical undergraduates. The organization and coordination ability has the greatest impact on social capacity of pharmaceutical undergraduates. The operational ability has the greatest impact on professional competence of pharmaceutical undergraduates; and the professional ethics has the greatest impact on personal quality of pharmaceutical undergraduates.

Financial Inclusion and Quality of Life: Empirical Evidences from Indian States with Special Reference to West Bengal

2021 ◽  
pp. 0258042X2110261
Author(s):  
Avisek Sen ◽  
Arindam Laha
Keyword(s):  
Quality Of Life ◽  
Human Development ◽  
Financial Literacy ◽  
Financial Services ◽  
West Bengal ◽  
Well Being ◽  
Financial Inclusion ◽  
Indian States ◽  
The Relationship

The conceptual connection between financial inclusion and quality of life (QOL) can be realized by a two-way relationships. On the one hand, financial inclusion induces QOL, while an improvement in QOL facilitates in generating demand for financial services, on the other hand. Even though several studies seek to find out the role of finance in the well-being of the population (especially human development), this article concentrates on QOL to eliminate the financial attributes of development (as captured by income dimension in Human Development Index). In this sense, this study addresses the research gap in the existing literature by establishing the relationship between financial inclusion and QOL. Specifically, the article attempts to explain the two-way tie-up between the financial inclusion and the QOL in India in the context of Indian states, in general, and West Bengal, in particular. Canonical correlation (CC; a multivariate data analysis technique) is used to estimate the relation between the financial inclusion and QOL. Empirical results suggest that western and the southern Indian states excel in the attainment of education, health and other amenities-based indicators of QOL. The conditions of the eastern part of the country in case of financial inclusion and the QOL are not at all satisfactory. In case of West Bengal, Kolkata being the state capital is performing well in both the factors. CC results suggest a significant association between the financial inclusion and QOL across Indian states. The deposit account of financial inclusion indicator and the infant survival rate of QOL indicator are playing a pivotal role in the relationship (both the Indian states and districts of West Bengal as well). This article establishes the effectiveness of the demand following approach of financial inclusion than that of supply leading approach. As the demand-side aspect of financial inclusion is becoming more important to the policymakers, the next policy priority of financial inclusion measures could be the generation of awareness on the financial services through financial literacy. JEL Codes: G2, O15, C39

scholarly journals Financial Inclusion and Saving Culture of Individuals in Uganda: A Case of Central Division, Kabale Municipality

2020 ◽  
Author(s):  
Isaac Musinguzi ◽  
Ayebare Richard ◽  
Elizabeth Muwanguzi
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Financial Inclusion ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Central Division ◽  
Financial Products ◽  
The People ◽  
The Relationship

Abstract The study was about Financial Inclusion and savings in Uganda. A case of central division, Kabale Municipality. Financial Inclusion seeks to overcome the friction that hinders markets from expanding access to, and use of formal financial products and services to a broad number of people. The Objectives of the study were; to examine how access to financial services affects deposits made to formal financial institutions, to find out the effect of usage of financial services on deposits made to formal financial institutions and; to investigate the relationship between quality of financial services available and deposits made to formal financial institutions. The study adopted a cross-sectional survey research design. A sample size of 390 respondents from a population of 15,092 people was used. Findings of the study established a direct positive relationship between Financial Inclusion and savings. The regression results showed that savings as measured by percentage of the respondent’s monthly income earnings that is saved, was influenced by Access to formal financial products and services (p=0.031), usage of formal financial products and services (p=0.015) and Quality of formal financial products and services (p=0.021). The independent variables in the regression model with positive coefficient showed a direct relationship with the dependent variable. Therefore, the study concluded that savings increases proportionately with more access to formal financial products, usage and increase in quality of formal financial products. The study also recommended that financial institutions should create financial products which are tailored to fit various individual needs. Again, these financial institutions should create many outlets through Agent Banking and this would prevent the people from saving in their homes and rather save with the financial institutions since savings do not benefit only the individuals but the economy as a whole.

scholarly journals Teacher Leadership Model: Roles and Values

2018 ◽  
Vol 12 (1) ◽  
pp. 2556-2567
Author(s):  
Wan Suhaila Wan Yaacob ◽  
Dr Yahya Don
Keyword(s):  
Factor Analysis ◽  
Teacher Leadership ◽  
Continuous Improvement ◽  
Structural Equation ◽  
Measurement Tool ◽  
Self Awareness ◽  
Validity And Reliability ◽  
Self Assessment ◽  
Leadership Model ◽  
Four Dimensions

This project paper aimed at identifying the dimensions for teacher leadership model.  The instrument used to measure the dimensions was adapted from Teacher Leadership Self-Assessment (TLSA) by Katzenmeyer and Moller (2009).  This measurement tool consists of 47 items distributed into seven dimensions namely 1) self-awareness, 2) leading change, 3) communication, 4) diversity, 5) instructional proficiency and leadership, 6) continuous improvement, and 7) self-organization.  This project paper involved 130 teachers of Mara Junior Science Colleges in the state of Kelantan, Malaysia.  Structural Equation Modelling technique was utilized to perform the required statistical analysis of the survey data.  Exploratory Factor Analysis (EFA) and Confirmatory Factor Analysis (CFA) were carried out to substantiate the dimensions used.  Based on the EFA and CFA, 4 dimensions are relevant for teacher leadership practice in Malaysian setting with 28 items identified to have high value of validity and reliability.  The four dimensions are labelled as 1) self-awareness, 2) communication and change, 3) diversity and instructional proficiency, and 4) organized and continuous improvement.  These dimensions could be characterized as values or roles of teacher leaders.         

Realising financial inclusion in Islamic finance

2019 ◽  
Vol 11 (1) ◽  
pp. 143-160 ◽  
Author(s):  
Akilu Aliyu Shinkafi ◽  
Sani Yahaya ◽  
Tijjani Alhaji Sani
Keyword(s):  
Financial Institutions ◽  
Low Income ◽  
Financial Services ◽  
Public Awareness ◽  
Financial Inclusion ◽  
Islamic Finance ◽  
Content Type ◽  
Financial Infrastructure ◽  
Islamic Financial Institutions ◽  
Regulatory Commitment

Purpose The purpose of this paper is to evolve a theoretical account that highlights the determinations for achieving financial inclusion in Islamic finance. Design/methodology/approach The methodology used is a library approach where the existing and relevant document remains the sources of concern. Findings The outcome of the study designates that robust technology; microcredit and microfinance services; legal and regulatory commitment of the regulators and policymakers of the Islamic financial institutions; extensive public awareness of Islamic financial services and products; financial proficiency and literacy; and financial infrastructure are some of the imperative drives for realising financial inclusion particularly for women, low income earners and rural poor. Research limitations/implications The paper limited itself to realising financial inclusion in Islamic finance. Thus, anything beyond the stated limitation is outside the scope of our objective. The paper has an inference for the concerned professional bodies, regulators, policymakers, stakeholders and practitioners of Islamic financial institutions. Originality/value The paper is original in its nature, it is also a pearl and a reference to those who may conceive and cherish the relevance of its capacity.

scholarly journals Islamic finance: financial inclusion or migration?

2018 ◽  
Vol 10 (2) ◽  
pp. 277-288 ◽  
Author(s):  
Ahmed Tahiri Jouti
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Design Methodology ◽  
Financial Inclusion ◽  
Islamic Finance ◽  
Islamic Banks ◽  
Content Type ◽  
The Stability ◽  
The Impact ◽  
Practical Implications

Purpose This paper aims to define a methodology to assess the impact of introducing Islamic finance on financial inclusion. Design/methodology/approach The paper is based on a literature review to understand the link between Islamic finance and financial inclusion. The second part of the paper presents a conceptual framework to assess the impact of introducing Islamic finance on financial inclusion in a defined context based on the profiling of people interested in Islamic finance. Findings The paper brings an insight on the impact of introducing Islamic finance. Indeed, it could cause a financial migration to Islamic banks that can take many forms and depends on many factors that call for deep analysis. Research limitations/implications The paper would help financial authorities and financial institutions to measure the impact of introducing Islamic finance on their businesses and the stability of the whole system. Practical implications Islamic finance can not only enhance financial inclusion but also create financial migration. The two implications can vary from one context to another. Social implications Islamic finance can contribute in the effort of including “self-excluded” people with religious concerns as well as people without access to financial services. Originality/value This paper promotes the idea that Islamic finance is not exclusively a way to enhance financial inclusion.

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