An Empirical Study on Customers' Perceptions of Interest-Free Banking in Ethiopia

Key Points

• Positive customer perception significantly influences interest-free banking adoption rates in Ethiopia.
• The study surveyed 500 individuals, revealing that 68% express favorable views towards interest-free banking.
• Empirical analysis employed structured questionnaires across various regions in Ethiopia.
• Findings indicate a need for enhanced financial literacy to promote interest-free banking adoption.