Increasing Financial Inclusion in the Muslim World : Evidence from an Islamic Finance Marketing Experiment (English)

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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Author

Karlan,Dean S.;

Osman,Adam Mohamed;

Shammout,Nour Musallam;
Document Date
2020/04/02
Document Type
Policy Research Working Paper
Report Number
WPS9200
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2020/04/02
Disclosure Status
Disclosed
Doc Name
Increasing Financial Inclusion in the Muslim World : Evidence from an Islamic Finance Marketing Experiment
Keywords
access to finance

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Citation

Karlan,Dean S.; Osman,Adam Mohamed; Shammout,Nour Musallam.

Increasing Financial Inclusion in the Muslim World : Evidence from an Islamic Finance Marketing Experiment (English). Policy Research working paper|no. WPS 9200 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/816801585835678838

Increasing Financial Inclusion in the Muslim World : Evidence from an Islamic Finance Marketing Experiment (English)

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