AWARENESS OF ISLAMIC BANKING AMONG NON-MUSLIMS IN NIGERIA

ABSTRACT

The study looked at non-Muslims' knowledge of Islamic banking in Nigeria. This study employed a cross-sectional survey approach to gather data. At the University of Benin, 68 non-Muslim respondents who were clients of traditional banks participated in the study. To get answers from the study sample, a standardised questionnaire was used. To analyse the data, frequency tables, independent t-tests, and ANOVA analyses were used. The hypotheses were tested using an independent t-test and an ANOVA. According to the study's findings, there is little knowledge of and interest in Islamic banking among Nigeria's non-Muslim consumers of traditional banks. Age, marital status, and education were two of the demographic factors that were taken into account in the survey, and they all had a big impact on how knowledgeable the respondents were about Islamic banking. The report thus advises that non-Muslim customers of conventional banks in Nigeria should have access to Islamic banking services, which would dispel the myth that Islamic banking is just for Muslims. Jaiz Bank should make significant investments in educating the public about their services and policies because there is a low degree of awareness of Islamic banking among non-Muslims in Nigeria.