Empirically analyzing public views on participation banks in Turkey: A survey by education and income level

Abstract

Purpose - This study aims to investigate the participation bankings' financial services with the Islamic precepts in consideration of the doubts and questions in the minds of the public and religious people on this matter. The study further analyzes the differences between the conventional and Islamic financial services. The PBing, referred to as interest-free banking services, is analyzed in respect to Turkey and the public awareness on these practices are also surveyed empirically to offer some plausible findings and conclusions.