YOUTH TRUST IN ISLAMIC BANKING: DEVELOPMENT POTENTIAL

Abstract

This study examines trust levels and perceived development prospects of Islamic banking among young people in Kazakhstan, focusing on socio-demographic determinants that shape attitudes toward Islamic finance. Using a quantitative cross-sectional survey design, data were collected from 1536 respondents aged 18–35 across all major regions of Kazakhstan. Descriptive statistics and cross-tabulation analyses were employed to evaluate how gender, education, and other demographic characteristics influence youth trust, awareness, and expectations regarding the future of Islamic banking. The findings reveal clear and statistically significant differences: men demonstrate more polarized and optimistic attitudes, while women show more cautious and uncertainty-prone evaluations. Respondents with secondary education express higher unconditional trust, whereas those with bachelor’s and postgraduate degrees present more nuanced and analytically informed views, including increased skepticism. The chi-square tests confirm the hypothesis that socio-demographic variables significantly shape perceptions of Islamic banking’s development potential. Although awareness of Islamic banking is universally high, actual usage remains limited, indicating persistent barriers related to service availability, informational clarity, and perceptions of Sharia compliance. The study contributes to the underexplored field of Islamic finance in Central Asia and provides practical insights for policymakers and financial institutions aiming to enhance youth engagement and strengthen the long-term sustainability of Islamic banking in Kazakhstan.