In 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 only 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 paper. 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 of 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 author's attempt to determine 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 sample 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 population, (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 author's critical analysis through out the paper, backed by mathematical procedures, is inspiring and convincing enough for the reader to believe in what the paper concludes.
The introduction section gives a brief 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 growing 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 clearly and precisely explained for the reader. This section enlightens the reader about different forms of Islamic banking.
Following in this well structured paper is the Methodology section which explicitly explains to the reader the research method adopted. The author superfluously states the focus of the research. A sample of 300 Muslims was chosen and given a questionnaire to be filled. The