CUSTOMERS’ ACCEPTANCE ONFINANCIAL INSTITUTIONS’PRODUCTS: ISLAMIC VERSUSCONVENTIONAL FINANCIALINSTITUTIONS GROUP NAME: ...
OUTLINE Objective Introduction Financial Institution Product  Islamic  Conventional Benefits Limitations Discu...
OBJECTIVE To compare the Islamic and conventional product To identify the benefits and limitations of financial institu...
INTRODUCTION Financial institution in Malaysia: Islamic and conventional Islamic financial institution is based on Sha...
FINANCIAL INSTITUTION PRODUCTS Islamic Conventional Deposits (Al-Wadiah) Bas...
BENEFITS Islamic Financial Conventional Financial Institution Product Institution Product ...
LIMITATIONS Islamic Conventional Shariah restriction Have competition in product and ...
DISCUSSION & FINDINGS Growing of Islamic financial institution (IFI) IFI strength position IFI product grew from RM23...
CONCLUSION Islamic financial product more prefer by the Malaysian customer since the Muslim population is higher by rel...
Q&A 10
of 10

Nadia patrova ( P SLIDE)

Published on: Mar 3, 2016
Published in: Economy & Finance      Business      
Source: www.slideshare.net


Transcripts - Nadia patrova ( P SLIDE)

  • 1. CUSTOMERS’ ACCEPTANCE ONFINANCIAL INSTITUTIONS’PRODUCTS: ISLAMIC VERSUSCONVENTIONAL FINANCIALINSTITUTIONS GROUP NAME: NADIA PETROVA 1
  • 2. OUTLINE Objective Introduction Financial Institution Product  Islamic  Conventional Benefits Limitations Discussion & Findings 2 Conclusion
  • 3. OBJECTIVE To compare the Islamic and conventional product To identify the benefits and limitations of financial institutions product between Islamic and conventional financial institution To analyze factors that influence customer decision To measure customer acceptance on financial institution product 3
  • 4. INTRODUCTION Financial institution in Malaysia: Islamic and conventional Islamic financial institution is based on Shariah (Islamic law) Conventional financial institution is fully based on manmade principles 4
  • 5. FINANCIAL INSTITUTION PRODUCTS Islamic Conventional Deposits (Al-Wadiah) Basic and current account Investments (Al-Mudharabah) Saving deposit account Housing financing Bank cards (Bai’ Bithaman Ajil) Leasing/Vehicle financing Loans (Al-Ijarah)Project financing (Al-Musyarakah) Insurance 5
  • 6. BENEFITS Islamic Financial Conventional Financial Institution Product Institution Product Riba prohibit Interest charge to the customer (No interest on loan) Shariah foundation Non-shariah compliant Low risk product Low and higher risk of productRebates are give for earlysettlement at the Banks 6 discretion.
  • 7. LIMITATIONS Islamic Conventional Shariah restriction Have competition in product and services promotion 7
  • 8. DISCUSSION & FINDINGS Growing of Islamic financial institution (IFI) IFI strength position IFI product grew from RM23.8B to RM434.6B Customer began to accept Islamic product However, IFI product still not fully accepted Not fully understanding about IFI product 8
  • 9. CONCLUSION Islamic financial product more prefer by the Malaysian customer since the Muslim population is higher by religious factor. Educating customer about the IFI products IFI & CFI can helped in boosting Malaysian economy 9
  • 10. Q&A 10

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