Muslim Australians in Islamic Banking Research Paper

Muslim Australians in Islamic Banking - Research Paper ExampleIn the next section, the author describes his survey. He explains the procedure he undertook that started from the selection of 300 Muslim Australians that included totally those who (a) came from a Muslim background, and were practicing Muslims, (b) currently owned a bank account in Australia, (c) were interested in Islamic banking products, and (d) gainfully employed. He then distributed to them a questionnaire consisting of yes and no questions. Based on the answers, he modeled the probability of observing a 1 i.e. a yes answer, as a function of F.In the subsequent sections, following regression analysis on the data, he tabulated the results obtained into different formations making it very easily interpretable by anybody reading the stem. To further clarify the tabulated data, he extensively analyses the results pointing out important findings from the research and drawing conclusions from it. The last two sections o f the research namely, Implications and Conclusions respectively, summarize the results of the paper and include the different view points and misunderstandings of the Muslim Australians with regards to the concept of profit-and-loss sharing Islamic banking products.This is an excellent ... ning the authors attempt to put the willingness of the Australian Muslims to purchase profit-and-loss sharing Islamic banking products instead of opting for earnings from interest which, according to Islamic laws, is forbidden. The warning size in the research should have been bigger as the selected sample of 300 Australian Muslims that only makes up about 0.11% of the nation, (considering a population of more than 281,000 Australian Muslims at the time of survey) would not rightly justify any sweeping statement given from the obtained results. However, the authors critical analysis through out the paper, support by mathematical procedures, is inspiring and convincing enough for the reader t o believe in what the paper concludes.The institution section gives a draft overview of why the research was conducted and what the paper is about. The author introduces the concept of interest-free banking providing a brief history of its evolvement. He explains in it, the necessity of having banks providing interest free profit-and-loss sharing products to cater the ripening population of Muslims in Australia as it would be beneficial not only for the Australian Muslims but also for the banks that should the growing needs for customized services for people. In the next section, the author introduces some terminologies associated with Islamic banking. The terms have been distinctly and precisely explained for the reader. This section enlightens the reader about different forms of Islamic banking.Following in this well incorporated paper is the Methodology section which explicitly explains to the reader the research method adopted. The author superfluously states the condense of the research. A sample of 300 Muslims was chosen and given a questionnaire to be filled. The