Islamic banking services and community welfare improvement in Hargeisa Somaliland
| dc.contributor.author | Bashir, Muhamed Ahmed | |
| dc.date.accessioned | 2020-07-14T12:31:03Z | |
| dc.date.available | 2020-07-14T12:31:03Z | |
| dc.date.issued | 2016 | |
| dc.description.abstract | This study was aimed at establishing the relationship between Islamic banking services and welfare improvement to the community in Hargeisa Somaliland, three specific objectives guided this study and these were To establish the relationship between Islamic banking services and improvement of quality of life among community members in Hargeisa Somaliland.To examine the relationship between Islamic banking services and poverty alleviation among community members in Hargeisa Somaliland. To determine the relationship between Islamic banking services and improvement of infrastructure in Hargeisa Somaliland.Using a descriptive correlational design, the researcher administered a questionnaire to 114 respondents; Slovene's formula· was used to arrive at sample size. Data analysis using means revealed that; the Islamic banking services in Hargeisa Somaliland was rated satisfactory (mean=2.86), confirming that the Islamic banking services has provided effective financial services through not charging interest on loan services, having favourable deposits and withdraw services and effective financing and investment services to the community members in Hargeisa Somaliland, whereas the community welfare improvement in Hargeisa Somaliland was found to be satisfactory (overall mean=3.01), hence confirming that the Islamic banking services system has contributed to the community welfare through improving on the quality of life, poverty alleviation and infrastructural improvement in Hargeisa Somaliland. The researcher concluded that: effective Islamic banking services highly contribute to the improvement in quality of life among community members in Hargeisa Somaliland, unfavourable Islamic banking services increase on the poverty levels and unfavourable Islamic banking services increase it; and Islamic banking services significantly affect the community welfare improvement in Hargeisa Somaliland. The researcher recommended that these Islamic banks to consider past payment history of client as a means of avoiding occurrence of risk, these Islamic banks should make sure that during loan payment clients can't take more money on the same loan (refinance) but a client can take a new loan, these selected Banks in Hargeisa Somaliland should make sure that they introduce electronic accounts which can used by clients for payment of the variety of Shari'a compliant finance services, the Islamic banks should also provide education services to even the disadvantaged populations in Hargeisa Somaliland as a way of improving the community welfare, and they should always support research and product design experiments to encourage poor people to adopt and actively use digital financial services. | en_US |
| dc.identifier.uri | http://hdl.handle.net/20.500.12306/8160 | |
| dc.language.iso | en | en_US |
| dc.publisher | Kampala International University(KIU) | en_US |
| dc.subject | Islamic Banking Services | en_US |
| dc.subject | Community Welfare | en_US |
| dc.subject | Somalia | en_US |
| dc.title | Islamic banking services and community welfare improvement in Hargeisa Somaliland | en_US |
| dc.type | Thesis | en_US |