The Demand for Alternative Finance: Evidence from the Turkish Savings Finance Sector - Couverture souple

Couverture souple

ISBN 10 : 303201767X ISBN 13 : 9783032017673

Editeur : Palgrave Macmillan, 2026

Synopsis

This book explores the Savings Finance model in Turkey, an interest-free financial system grounded in interest-free finance principles that came into being in the 1990s as an ethical alternative to conventional banking. The study examines the operational mechanisms of the model, particularly the collective savings pools for housing, vehicles, and workplaces. These pools circumvent the use of fixed interest rates by employing profit and loss sharing and managed fund pools. The book integrates theoretical analyses of interest-free finance and global models, such as ROSCAs, with empirical data from a nationwide survey of 662 participants. It assesses factors including public trust, theological sensitivities, and demographic influences on financial preferences.

The book discusses the sector's legal framework, operational mechanisms (including inflation-protected and lottery-based models), and its socio-economic impact, highlighting challenges like balancing religious norms with cost competitiveness. It also assesses awareness gaps and strategies to enhance institutional credibility. The book's comprehensive collection of cross-tabulated demographic data and quantitative analyses renders it a valuable resource for scholars of interest-free finance, economists, policymakers, and professionals interested in ethical financial systems. It offers critical insights for those exploring how cultural, religious, and regulatory dynamics shape alternative finance in emerging markets.

Détails de l'édition

• Éditeur: Palgrave Macmillan
• Date d'édition: 2026
• Langue: anglais
• ISBN 10: 303201767X
• ISBN 13: 9783032017673
• Reliure: Broché
• Nombre de pages: 180
• Éditeur: Ustaoğlu Murat, Yerdelen Tatoğlu Ferda
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible