International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

The Impact of 9/11 Incident on Islamic Finance Growth Perceptions Towards Islamic Finance in Brunei
Farooq Salman Alani

Due to stigmatization of Islam as a religion of the terrorists after the 9/11 event, perceptions and attitudes towards Islamic Finance have also altered. There are both positive and negative reactions towards the system in the West. As a Monarch Islamic Malay state, the perceptions are definitely different. Hence, this study was conducted with an objective to know the consumers’ awareness of Islamic finance in Brunei in general. This study also aimed to relate the attitudes of the Bruneians towards Islamic Finance in relation to the 9/11 incident. Whether this incident has an impact towards the consumers’ perceptions or not, are part of the points the authors were exploring. From the analysis done, the results revealed that the perceptions towards Islamic Finance in Brunei are by large positive and pleasing. Most respondents did not find the 9/11 incident as a deterring factor for them to invest into Islamic Finance institutions.

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