Low utilization of household credit in developing countries may be partially due to religious considerations. In a randomized marketing experiment in Jordan, this paper estimates the effect of sharia-compliant loan features on demand for credit. To comply with Islamic law, the sharia-compliant product uses a bank fee rather than an interest payment structure, while keeping the rest of the product features very similar. Sharia-compliance increased...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2020/04/02
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Рабочий документ в рамках исследования вопросов политики
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WPS9200
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1
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1
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2020/04/02
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Disclosed
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Increasing Financial Inclusion in the Muslim World : Evidence from an Islamic Finance Marketing Experiment
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access to finance