Table IV.

Likert scale and weighted mean on knowledge of Islamic financial system (part II)

Scale
QuestionsStrongly agreeAgreeNeither agree nor disagreeDisagreeStrongly disagreeTotalWeighted mean
15. Do you agree that is allowed in Islamic financial system to trade 1 kg of gold for 2 kg of gold (same quality gold)?2.97
Frequency18332011830300
(%)61167610100
16. Do you agree that in Musharakah contract the profit is not guaranteed?2.84
Frequency3122461227300
(%)148249100
17. Do you agree that seller must inform the buyer about how much of costs were included in the sale price in Murabaha?2.99
Frequency189246621300
(%)638227100
18. Do you agree that the payment in Murabaha sale could be both on the spot and deferred?2.89
Frequency612252327300
(%)248419100
19. Do you agree that Salam contract is mostly used in agricultural industry?2.89
Frequency03276615300
(%)019225100
20. Do you agree that Takaful contract is used as an alternative for conventional insurance?3.16
Frequency27626106300
(%)928702100
21. Do you agree that Ijarah contract is mostly used in leasing?2.83
Frequency00273324300
(%)009118100

Note:

Average weighted mean for Questions 15-21: 2.94

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