October 10, 2025Journal of Islamic marketing

“Institutional traps” in the Islamic finance development: the experience of Kazakhstan

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The study reveals systemic problems in Islamic finance due to weak state support and a lack of awareness among stakeholders.
Key findings indicate that the absence of trust between Islamic finance and society creates persistent institutional traps.
A comprehensive qualitative approach identified formal and informal barriers through interviews with mosque ministers.
The analysis enhances understanding by combining qualitative insights with network analysis to visualize institutional relationships.

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Implication

Qualitative analysis identifies barriers and proposes solutions for Islamic finance evolution in Kazakhstan, suggesting socio-psychological influences.

Cite This Study

Sagiyeva et al. (2025) studied this question.

synapsesocial.com/papers/68e861b07ef2f04ca37e49e4 https://doi.org/10.1108/jima-07-2024-0302

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Implication

Qualitative analysis identifies barriers and proposes solutions for Islamic finance evolution in Kazakhstan, suggesting socio-psychological influences.

“Institutional traps” in the Islamic finance development: the experience of Kazakhstan

Key Points

Discussion

Implication

Cite This Study

“Institutional traps” in the Islamic finance development: the experience of Kazakhstan

Key Points

Discussion

Implication

Cite This Study