A case study on the factors that influence customer acceptance towards Islamic banking system in Malaysia / Ahmad Fittri Azmi

Azmi, Ahmad Fittri (2011) A case study on the factors that influence customer acceptance towards Islamic banking system in Malaysia / Ahmad Fittri Azmi. Student Project. Faculty of Business and Management, Bandaraya Melaka. (Unpublished)

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Abstract

Malaysia is one of the Muslim countries that is committed in not only developing Islamic banking system but also a complete Islamic financial system. The Islamic banking system in Malaysia started in 1983 when the first Islamic bank, Bank Islam Malaysia Berhad (BIMB) commenced its operations. It was the objective of the Malaysian government to develop the Islamic banking system parallel to the conventional system. Instead of establishing many new Islamic banks, the government introduced a concept of ‘Islamic window’ which allows the existing conventional banks to introduce Islamic banking products of customers. The concept of Islamic window started in March 1993 when the Central Bank of Malaysia or Bank Negara Malaysia (BNM) introduced the “Interest-Free Banking Scheme”. Twenty-one Islamic financial products were developed to cater for this scheme with only three major banks participated initially. By July of the same year, this scheme was extended to all financial institutions in Malaysia. As at end of 2000, the Islamic banking system was represented by two Islamic banks, 17 domestic commercial banks, five merchant banks and seven discount houses. There are also four foreign-owned banks providing Islamic banking products and services.

Item Type: Monograph (Student Project)
Creators:
CreatorsID Num.
Azmi, Ahmad FittriUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Banking
H Social Sciences > HG Finance > Banking > Acceptances
H Social Sciences > HG Finance > General works. Financial institutions
H Social Sciences > HJ Public Finance > Finance, Islamic
Divisions: Universiti Teknologi MARA, Melaka > Bandaraya Melaka Campus > Faculty of Business and Management (M)
Item ID: 24599
Uncontrolled Keywords: Customer acceptance; Islamic banking system; Financial institutions
Last Modified: 22 Jul 2019 03:00
Depositing User: Perpustakaan UiTM Cawangan Melaka UiTM Cawangan Melaka
URI: http://ir.uitm.edu.my/id/eprint/24599

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