Determinants of Islamic Insurance Acceptance: Empirical Evidence from Somalia

Ali Yassin Sheikh Ali, Ahmed Khadar Abdi Jama

Abstract


The current paper investigates the determinants toward Islamic Takaful Insurance acceptance in Somalia, the main objective was to explore knowledge, attitude, perception and awareness of Mogadishu residence toward Takaful Services. the study uses convenient sampling procedure,. The data were collected in February and March 2016 by using questionnaire. A total of 179 respondents were participated to this study. The data was analyzed using SPSS version 20.0 to answer research objectives.

The study found that that attitude, perception, awareness and knowledge are influential predictors of Islamic insurance adoption and acceptance. The study provides an imminent into the understanding of determinants leading to the customers’ adoption of Islamic insurance.

Keywords: Knowledge, attitude, perception,  awareness ,  Islamic Insurance, Determinants, Somalia


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ISSN (Paper)2222-1905 ISSN (Online)2222-2839

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