Improving Islamic Financing Acceptance in Light of Stockholders' Attitude

Abstract

The purpose of this study is to evaluate the relationship between stockholders' attitude and Islamic financing acceptance in Tehran's Stock Exchange. Islamic financing refers to providing capital, services and tools that are based on Islamic laws and regulations. Today, Islamic financing has emerged as a new source of economic growth, but in industries and businesses other methods are mostly used for financing. This research is of applied type as well as a correlation study. The population includes 410 shareholders of Tehran Stock Exchange which were selected though random sampling. The structural equation modeling and LISREL software have been used to test the hypothesis. The results show that the attitude of the shareholders to accept Islamic finance is positive. But their religious opinions were not significantly affecting their attitudes. Also, knowledge and awareness, cost benefits and business support affected the stakeholders' attitude to Islamic financing.

Keywords

• islamic financing
• stakeholders' attitude
• tehran stock exchange