Why Muslims Don't Use American Banks

Studies of Applied Economics, 2021

The growth of Islamic bank assets in North Sulawesi in December 2020 reached 23.44%, even though the non-Muslim population reached 61.53%. One Islamic Bank, Manado branch, has more non-Muslim customers than Muslim customers, so it is interesting to research. This research aims to reveal the factors that influence their decision to become customers of Islamic banks. The data collection methods used in this study were observation, interviews, and documentation to fourteen people consisting of non-Muslim customers of Bank Muamalat Indonesia and Bank Syariah Indonesia Manado Branch. The analysis technique is through reduction and presentation of data to determine conclusions. The results of the study found. They become customers of Islamic banks because of the service, price/cost, product, facilities, references, and benefits. This research can be used as evaluation material and input for the Islamic banking industry.

Palarch’s Journal Of Archaeology Of Egypt/Egyptology 18 (13), 918-927., 2021

The study aimed was to identify the challenges faced by the Islamic banking and finance industry in order to find the appropriate and suitable solution that will enable the continuation and expansion of the industry. The study attempts to define the challenges and obstacles faced by the Islamic Banking and Finance Industry in the UK. The study adapted different research methods including collecting primary data surveys. However, secondary data through descriptive analysis and logistic regression is also used. This study found that the Islamic banking and Finance Industry in the UK face a number of challenges, which may hinder and slow down its growth. The study also found that there is a great opportunity for the growth of the industry if appropriate measures are taken. Also, despite the fact that many of the responses of the population sample show that they have awareness about Islamic banking and finance, they are still hesitant about dealing with Islamic banks.

SSRN Electronic Journal, 2012

National Seminar on Sience Technology and Social Science 2006. “Globalizing Knowledge and Information” 30-31 May 2006 at Swiss Garden Resort and Spa Kuantan Pahang, 2006

Mediterranean Journal of Social Sciences, 2015

2017

Product and services provided by Islamic banking are gaining popularity among not only among Muslim customers but also among non-Muslims across the world due to its wider products coverage and ability to pass through the global economic melt-down. However, to what extent this statement is true in the context of Bangladesh needs focus and hence this research aims to investigate the perception of nonMuslim customers about the products and services provided by Islamic banking in Bangladesh. A total of 12 actual respondents participated in the survey at selected areas in the northern part of Bangladesh. The result of the study showed that the perception of non-Muslims regarding Islamic banking is positive and it’s gaining popularity day by day. NonMuslims, in some cases have knowledge of Islamic banking products and services. Taking these mixed responses i,e little awareness but positive perceptions, further efforts need to be taken to promote the level of consciousness about Islamic ba...

INTERNATIONAL JOURNAL OF MANAGEMENT, FINANCE AND ACCOUNTING, 2023

2019

During recent years, there has been an increase in Islamic banking compared with conventional banking. This research aims to explore and determine potential factors pertaining to the growth of the Islamic banking system in the banking and finance industry and asks the following questions: i) Which factors influence the British Bangladeshi Muslim Community (BBMC) in Greater London regarding adopting the Islamic banking system? ii) Do the Muslim scholar's inconsistent views create any confusion about or obstacles to the growth and development of the Islamic banking system? In this study, the researcher used a mixed methodology. From Greater London, 165 British Bangladeshi and Bangladeshi by citizen status Muslims participated and shared their views through the questionnaire. In addition, the researcher conducted 17 interviews with prominent British Bangladeshi Muslim Community members, such as Muslim Scholars, community leaders, banking practitioners and Islamic bank Shariah Board...