DETERMINANTS OF ISLAMIC BANKING SELECTION BEHAVIOR OF CONSUMERS IN UZBEKISTAN
Keywords:
Islamic Finance, Uzbekistan, Theory of Reasoned Action (TRA), Islamic banking adoption, attitude, religiosity, Central AsiaAbstract
Nowadays, Islamic Banking is gaining huge popularity not only in Muslim countries, but non-Muslim countries are also showing great interest towards Islamic methods of financing. Nevertheless, there are still Muslim-dominated countries such as Uzbekistan, where Islamic Banking has not been introduced yet. Therefore, in order to study how strongly Uzbek people show intention to use Islamic methods of financing and the determinants of it, the current research has been conducted using the Theory of Reasoned Action (TRA) model. This study adopts a descriptive literature-based approach, systematically reviewing and synthesizing existing academic studies on Islamic banking adoption behavior published between 2005 and 2025. The analysis focuses on four key determinants: attitude, knowledge, religiosity, and social factors. The findings of the current study show that people's attitude, religiosity and social factors have a significant positive impact on their choice of Islamic ways of financing, whereas people's knowledge regarding the services and products that Islamic banks can offer is mixed in predicting their willingness to patronize Islamic ways of financing. The researcher expects that the findings of the current study will be useful for policymakers as well as others who intend to contribute to the development of the Islamic banking industry in the country.
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