Awareness and intentions on the acceptability of Islamic financing on small and medium enterprises in Kaduna metropolis

Abstract

This study aims to analyze Awareness and Intention on the acceptability of Islamic Financing of Small and Medium Enterprises in Kaduna Metropolis. Each of the constructs: attitude and acceptability are derived from theories and researched previously
conducted. The study employed a sample size of 368 respondents from a population of 9,253 using proportional sampling technique and the primary data collected was analyzed with regression tool on SPSS 23 statistical package. The study finds that awareness has a statistically positive significant impact on acceptability of Islamic financing of SMEs in Kaduna metropolis. The study also finds that intention has a positive significant impact on acceptability of Islamic financing of SMEs in Kaduna metropolis. The SMEs owners should pay more attention to awareness platform created by Islamic banks in order to understand the dimension and process of banking with Islamic owned banks. The banks need to intensify marketing strategies that explain the banks intentions to the SMEs making them more aware of services rendered by the banks.