Awareness and Attitude of Pakistani Public towards Islamic Bonds (Sukuk): A Survey Report

Abstract

This study employs a survey-based methodology to investigate the awareness and attitudes of individuals towards Islamic bonds, particularly Sukuk. The survey questionnaire utilizes a Likert Scale approach, allowing participants to express their perspectives through five response options ranging from "strongly disagree" to "strongly agree." The findings reveal significant insights into participants' perceptions of Islamic bonds. For instance, a noteworthy 64.4% of respondents agree that Sukuk are based on mutually beneficial contracts, while 73.9% express a willingness to shift from conventional to Islamic bonds. Additionally, 57.5% of participants endorse the idea that Sukuk are not exclusively designed for Muslim investors. The study also highlights how demographic variables, such as age and education, contribute to variations in attitudes. In summary, this research enhances our understanding of public perceptions regarding Islamic bonds, offering valuable insights into the nuances of attitudes towards Sukuk.