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  • The Demand for Alternative Finance: Evidence from the Turkish Savings Finance Sector

    The Demand for Alternative Finance by Ustaoğlu, Murat; Yerdelen Tatoğlu, Ferda;

    Evidence from the Turkish Savings Finance Sector

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      • Publisher's listprice EUR 42.79
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

        17 747 Ft (16 902 Ft + 5% VAT)
      • Discount 12% (cc. 2 130 Ft off)
      • Discounted price 15 617 Ft (14 874 Ft + 5% VAT)

    17 747 Ft

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    Product details:

    • Publisher Springer Nature Switzerland
    • Date of Publication 11 October 2025
    • Number of Volumes 1 pieces, Book

    • ISBN 9783032017642
    • Binding Hardback
    • No. of pages30 pages
    • Size 210x148 mm
    • Language English
    • Illustrations CL, 30 p. 8 illus., 7 illus. in color. Illustrations, black & white
    • 700

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    Long description:

    This book explores the Savings Finance model in Turkey, an interest-free financial system grounded in interest-free finance principles that came into being in the 1990s as an ethical alternative to conventional banking. The study examines the operational mechanisms of the model, particularly the collective savings pools for housing, vehicles, and workplaces. These pools circumvent the use of fixed interest rates by employing profit and loss sharing and managed fund pools. The book integrates theoretical analyses of interest-free finance and global models, such as ROSCAs, with empirical data from a nationwide survey of 662 participants. It assesses factors including public trust, theological sensitivities, and demographic influences on financial preferences.

    The book discusses the sector's legal framework, operational mechanisms (including inflation-protected and lottery-based models), and its socio-economic impact, highlighting challenges like balancing religious norms with cost competitiveness. It also assesses awareness gaps and strategies to enhance institutional credibility. The book's comprehensive collection of cross-tabulated demographic data and quantitative analyses renders it a valuable resource for scholars of interest-free finance, economists, policymakers, and professionals interested in ethical financial systems. It offers critical insights for those exploring how cultural, religious, and regulatory dynamics shape alternative finance in emerging markets.

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    Table of Contents:

    Chapter 1: Introduction to The Savings Finance as an Alternative Finance Model, Murat Ustaoğlu and Ferda Yerdelen Tatoğlu.- Chapter 2: Theoretical Foundations of The Savings Finance, Murat Ustaoğlu and Mucahid Karabalık.- Chapter 3: Relationship with the Financial System and Empirical Analysis of Interest Ban Sensitivity, Leyla İşbilen and Muhammet Sait Bozik.- Chapter 4: The Savings Finance Sector and Public Awareness Analysis, N. Melis Esenyel İçen and Murat İstekli.- Chapter 5: Savings Finance and Public Trust: Empirical Analysis, Özlem Yorulmaz and Abdüsselam Sağın.- Chapter 6: Evaluation of the Analysis Results of the Savings Finance, Büşra Çil and Muhammet Sait Bozik.

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