The Islamic Finance Knowledge Level among Islamic Bank Employees: Case of Türkiye

Abstract

In Turkey, the share of Islamic banking assets constitutes merely 7 per cent of the total banking assets even though 98.9% of the population is Muslim. It is known that financial literacy about Islamic financial products needed to be improved to make Islamic financial products acceptable to a wider variety of investors and business owners. In this study we directed 20 questions to the participation banks’ employees to measure their knowledge on the Islamic finance products and financing methods.  For this purpose, 100 employees from various participation banks (private and state owned) participated in an online survey. The average of the correct answers given to 20 questions related to Islamic finance products, which were directed to measure the level of knowledge of participation banking personnel, is 54%.