The intention to adopt Islamic financing in emerging economies: evidence from Uganda

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dc.contributor.authorBananuka, Juma
dc.contributor.authorMukyala, Veronica
dc.contributor.authorTumwebaze, Zainabu
dc.date.accessioned2022-11-13T19:17:38Z
dc.date.available2022-11-13T19:17:38Z
dc.date.issued2020
dc.description.abstractThe purpose of this paper is to establish whether there is a relationship between religiosity, religious preferences, firm age and intention to adopt Islamic financing in an emerging economy like Uganda which is a secular state and adopting Islamic financing for the first time. Design/methodology/approach – This study uses a cross-sectional and mixed-methods design. The authors administered closed-ended questionnaires and these were supplemented by semi-structured interviews. Findings – Results indicate that religiosity is significantly associated with intention to adopt Islamic financing. Further, religious experience as a dimension of religiosity is significantly associated with intention to adopt Islamic financing unlike ideology. Religious preferences and firm age are also significantly associated with intention to adopt Islamic financing. A one-way analysis of variance (ANOVA) reveals that there are significant differences in between religions whereby Muslims are more ready for Islamic financing than the Christians are. Research limitations/implications – This study’s main limitation is that it uses evidence from Uganda’s micro businesses which account for 70 per cent of Uganda’s total businesses. It is unclear on whether this study results can be generalized to the remaining 30 per cent of the businesses and if results of this study can be generalized to other national settings. Originality/value – Islamic financing being an emerging phenomenon on the African continent especially in the Sub-Saharan Africa where most countries are secular states, there are few empirical studies exploring religiosity, religious preferences, firm age and intention to adopt Islamic financing in an emerging economy perspective. To the best of the authors’ knowledge, this is the first paper that provides some insights into religiosity, religious preference, firm age and intention to adopt Islamic financing from a Ugandan perspective using a mixed methods research design.en_US
dc.identifier.citationBananuka, J., Mukyala, V., Tumwebaze, Z., Ssekakubo, J., Kasera, M., & Najjuma, MS (2020). The intention to adopt Islamic financing in emerging economies: evidence from Uganda. Journal of Islamic Accounting and Business Research , 11 (3), 610-628. DOI 10.1108/JIABR-07-2017-0108en_US
dc.identifier.other10.1108/JIABR-07-2017-0108
dc.identifier.urihttps://nru.uncst.go.ug/handle/123456789/5219
dc.language.isoenen_US
dc.publisherJournal of Islamic Accounting and Business Researchen_US
dc.subjectIslamic bankingen_US
dc.subjectReligiosityen_US
dc.subjectIntentionen_US
dc.subjectUgandaen_US
dc.subjectUTAUT modelen_US
dc.subjectIslamic financingen_US
dc.subjectFirm ageen_US
dc.subjectReligious preferenceen_US
dc.titleThe intention to adopt Islamic financing in emerging economies: evidence from Ugandaen_US
dc.typeArticleen_US
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