Essay About Demographic Factors And Policy Makers

Islamic Credit Card
Essay Preview: Islamic Credit Card
Report this essay
This study investigates on the relationship between demographic factors and the usage of Islamic credit card as well as
Conventional credit card demonstrates their interdependencies. The debatable issues as been addressed by many
authorities not only in terms of the numbers of credit card flooding the nations economy, but the amount of
transactions that end up with payment default and the numbers of credit card fraud as been recorded which threatened
the economy should be seriously focused. Nevertheless the advances and changing habits in purchasing activities
significantly contributed the diffusion of credit card as becoming more important and relevant in maintaining the
purchasing activities. The study was conducted involving 305 respondents as a sample of study. While 26 items were
used for addressing the research questions. Section A of the questionnaire seeks for information concerning the
demographic profile of the respondents whilst section B and C that used Likert scale aimed to investigate information
related to income and usage of credit card. The results of the study offer certain important managerial implications for
the policy makers, finance institutions and the authorities bodies that take controls the credit card activities.