Acceptability of Banking Operations in Iraqi Kurdistan

Abstract

The research is descriptive in nature and have taken two objectives are to know the variables involved in the banking operation in Kurdistan and to know the people perception towards banking operation. Eighteen variables taken for study and a sample of 255 respondents belonging to Kurdistan contributed their opinion. To check the acceptability for the variables T-Test is performed and further to know the variance in opinion of respondents One Way ANOVA is performed. The analysis is based on the output of SPSS 20 and outputs are presented in tables as research findings. The analysis further explains that the banking operation needs to get strong support from government and the Islamic society for proactive execution and in its absence people are putting their money in the market without safety or to other invests. The Islamic religious beliefs are the psychological boundary for the expansion of banking operation in Kurdistan. The analysis of the data collected through the structured questionnaire reaching to all the objectives. The analysis further explains that the banking operation in Kurdistan is not very robust and can said that “the only way a bank would lend you money when you prove that you really don’t need it”, so people can put their money in the bank with safety.

Keywords: Bank, Government, Kurdistan, Islamic, Lending, Acceptability.