This paper studies the role of morality in the decision to repay debts. Using a field experiment with a large Islamic bank in Indonesia, the paper finds that moral appeals strongly increase credit card repayments. In this setting, all of the banks late-paying credit card customers receive a...

This paper studies the role of morality in the decision to repay debts. Using a field experiment with a large Islamic bank in Indonesia, the paper finds that moral appeals strongly increase credit card repayments. In this setting, all of the bank's late-paying credit card customers receive a...

Shari’a scholars and managers of IFIs have divergent objectives, which creates incongruence of objectives at the strategic level. This study aims to explore the tension and latent struggle for Shari’a compliance, which has been termed as ‘Fatwa Repositioning’ by Ullah et. al. (2018)....