Nadia patrova ( P SLIDE)

600 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
600
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
25
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Nadia patrova ( P SLIDE)

  1. 1. CUSTOMERS’ ACCEPTANCE ONFINANCIAL INSTITUTIONS’PRODUCTS: ISLAMIC VERSUSCONVENTIONAL FINANCIALINSTITUTIONS GROUP NAME: NADIA PETROVA 1
  2. 2. OUTLINE Objective Introduction Financial Institution Product  Islamic  Conventional Benefits Limitations Discussion & Findings 2 Conclusion
  3. 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. 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. 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. 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. 7. LIMITATIONS Islamic Conventional Shariah restriction Have competition in product and services promotion 7
  8. 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. 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. 10. Q&A 10

×