Determinants of the financing decision in the form of participation in Sudanese Islamic banks in light of the theory of planned behavior

Abstract

This study deals with the determinants of the financing decision in a form of Musharaka for Sudanese Islamic banks in the light of the theory of planned behavior. It adopts a quantitative approach and uses the structural equation modeling method to measure the variables and study the relationship between them. The study uses primary data collected from a sample of (121) by distributing questionnaires to the financing decision-makers in Sudanese Islamic banks. The results confirm that the financing decision in the form of Musharaka in Islamic banks is positively affected by three behavioral variables that include the attitude of the financing decision-maker towards this form, the subjective norms prevailing in the banking system environment, and the level of behavioral control of the decision-maker in light of the available resources. The study presents several recommendations considering these results; the most important is to develop a mechanism through which the Central Bank of Sudan can positively influence the attitude of the financing decision-makers in Sudanese Islamic banks to expand financing in the form of Musharaka by reducing the risks of this financing mode and maximizing its benefits to an Islamic bank.