Awareness of investors with interest sensitivity to participation indices and purification processes

This study aims to measure the knowledge and attitudes of interest-sensitive investors regarding participation indexes listed on the stock exchange and the purification processes applied to these indexes. The study group for this research consists of participants reached through convenience sampling from Borsa Istanbul which has 7.385.324 investors as of August 2024. A total of 725 participants were surveyed using a convenience sampling method to achieve the study's objective. The statistical reliability of the research's measurement tools was assessed by examining Cronbach's Alpha coefficient, with all tools showing sufficient reliability above 0.70. The findings regarding participants' interest sensitivity, knowledge of the participation index and purification process, and their attitudes are as follows: Participants displayed a high level of interest sensitivity, meaning they avoid financial transactions involving interest and prefer interest-free financial instruments for religious reasons. Additionally, they showed a strong understanding of the participation index and purification processes. Finally, participants had a positive attitude toward both participation indexes and purification processes.