A comparative analysis between Islamic banking and conventional banking at Maybank Kuala Kubu Bharu / Nur Fazreen Amalin Mohd Fadri @ Mohd Badri

The banking industry in Malaysia has experienced rapid globalization, leading to increased loans and transactions. Despite challenges like the US subprime crisis, Malaysian banks have grown due to strong domestic demand. In the 1990s, Bank Negara Malaysia implemented a dual banking system to encourage smaller banks to merge, indicating consolidation within the industry. Islamic banking, founded on Sharia principles, differs from conventional banking by prohibiting usury and activities that go against Islamic teachings. It emphasizes ethical principles and compliance with shariah regulations. This research paper aims to comparative analysis Islamic banking and conventional banking at Maybank Kuala Kubu Bharu, the objective of this study is to examine the efficiency of Islamic and Conventional banks at Maybank Kuala Kubu Bharu, to establish the level of awareness on the culture of Islamic Banking and to analyze the differences between Islamic banking and Conventional Banking. This study uses qualitative research using library, observation and interview methods. The procedure for selecting a sampling strategy, population and sample size, data collecting, and data analysis is also detailed to guarantee that the approach employed in this study is compelling. As a results, Maybank Kuala Kubu Bharu is one of the branches of a bank institution that offers dual systems banking, Islamic banking and conventional banking products. The bank must stabilize transaction efficiency and ensure compliance with Sharia through various processes. Islamic banking products are not only aimed at Muslims but also at non-Muslims. Malaysia, as an Islamic country and multi-racial society, needs to have awareness about Islamic banking and analyze the practice of implementing Islamic banking products in banks. Finally, understanding the differences between Islamic and conventional banking is crucial for Malaysians to navigate the complex financial landscape.