Abstract
Designed to contribute to the development of the real economy, the Islamic banking sector has grown significantly in the world during the last 40 years due to its ethical, religious and solidarity dimensions. It is set up to boost the banking system, to meet the needs of unmet customers and to give new hope to Small and Medium Enterprises (SMEs) facing difficulties in accessing conventional bank financing. Islamic banks can contribute to the development of these companies and satisfy their financial needs. This article discusses the different factors influencing the decision of SME managers to adopt financing by participatory banks products. In this sense, the conceptual model presented is intended to study the level of acceptability of the participatory banks products by the SMEs starting from the application of the decomposed theory of planned behavior and the task-technology fit model.
Highlights
Islamic finance is booming worldwide with more than $1800 billion at the end of 2016 (IFSB) and is concentrated mainly in Iran, Malaysia and the Gulf countries
Our model identifies the intrinsic and extrinsic factors influencing the choice of participatory banking products and makes it possible to analyze the level of acceptability of this method of financing by the customers (Echchabi and Azouzi, 2015)
Based on studies and research conducted as part of the analysis of the intention to use the products and services of Islamic banks in various countries, we detected several variables and factors that allow potential customers to opt for Islamic finance
Summary
Islamic finance is booming worldwide with more than $1800 billion at the end of 2016 (IFSB) and is concentrated mainly in Iran, Malaysia and the Gulf countries. SMEs, which contribute to the socio-economic development of a country, are experiencing difficulties in the access to conventional financing This is due to the information asymmetry and the lack of guarantees leading to credit rationing towards these enterprises. Our research study on the intention of participatory banking products’ adoption by SMEs is crucial in the Moroccan context First and foremost, it concerns SMEs for developing their knowledge of the new so-called participatory banking method. Hachimi and Salahddine: The Acceptability of Participatory Banking Products by SMES: A Conceptual Framework and exploring new ways of financing their activities while benefiting from adapted consulting services and professional follow-up It concerns participatory banks with the aim of understanding the real needs and expectations of SMEs and offering them customized products and services (participatory financial engineering).
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