International Journal of Advanced and Applied Sciences, 4(3) 2017, Pages: 117-121
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International Journal of Advanced and Applied Sciences
Journal homepage: http://www.science-gate.com/IJAAS.html
117
Determinant of customers’ preference in selecting Islamic banks
Irwan Shahrinaz, Jati Kasuma *, Abang Sulaiman Abang Naim, Emelia Abdul Rahim, Arrominy Arabi, Norlelawati
Ismawi, Rosmiyati Rosli
Faculty of Business Management, Universiti Teknologi MARA, 94300 Kota Samarahan, Sarawak, Malaysia
ARTICLE INFO ABSTRACT
Article history:
Received 6 November 2016
Received in revised form
7 January 2017
Accepted 11 January 2017
The presence of conventional bank and Islamic bank in Malaysia has created
a competition in capturing customer. Customer of Islamic bank maintained
their account with the bank if they are satisfied with the product and services
offered to them. Other research reveals that the reasons for Muslim to choose
Islamic banking are mostly due to religious concern and motives. This study
investigates the relationship between religions; influence by family and
friend and finally service quality with customers’ behavior towards bank
selection preferences. Data was collected from 380 customers using self-
administered questionnaires from various Islamic banks in Miri. Results
reveal that service quality and preference of choosing Islamic bank in Miri
has a strong and positive relationship. Ultimately, friends and family has
more impact towards preference in choosing Islamic bank. Recommendation
for future study also discussed.
Keywords:
Islamic banking
Customer preferences
Religion
Service quality
Friends and family
© 2017 The Authors. Published by IASE. This is an open access article under the CC
BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
1. Introduction
*Introduced near 1970s, the financial institution
based on Islamic laws was pioneered by Egypt,
Indonesia and Malaysia. The main purpose of Islamic
banking is to reshape the existing banking principals
of financial services and products within the mold of
Islamic principals in order to satisfy the demands
and requirements of customers, especially the
religious conscious ones. Based on existing studies,
most Muslims choose Islamic Banking based on their
beliefs in Islamic principles concerning trade as
compared to general people that are based on logical
reasons to choose their desired financial institution.
Aside from profit maximization and other
conventional benefits, obeying Islamic principles are
also the reason for them to choose Islamic Bank.
Such can be said that their decisions to choose
Islamic banking are based on their emotions and
behaviors that are associated with their religion
which can be considered as behavioral financing.
Within the banking industry in Malaysia, the
presence of conventional banks and Islamic banks
creates competition in capturing customer. By
offering quality in their products and services to
replace interest based product, Islamic banking
* Corresponding Author.
Email Address: jati@sarawak.uitm.edu.my (J. Kasuma)
https://doi.org/10.21833/ijaas.2017.03.018
2313-626X/© 2017 The Authors. Published by IASE.
This is an open access article under the CC BY-NC-ND license
(http://creativecommons.org/licenses/by-nc-nd/4.0/)
manages to attract a large number of customer.
Customer of Islamic bank maintained their account
with the bank if they are satisfied with the product
and services offered to them. Other research reveals
that the reasons for Muslim to choose Islamic
banking are mostly due to religious concerns and
motives. The customer psychological state of mind is
the main reason for them to act on a line satisfaction
when choosing a bank. The research was carried out
in Miri, Sarawak as a second largest city in Sarawak
consisting of Malay, Chinese, Iban, Orang Ulu and
other indigenous groups. Thorough our extensive
literature analysis, it was found that, the study
regarding Islamic banking has yet to be published for
this area and this information manages to trigger the
interest of carrying out this research. Presently,
there are two local full fledge Islamic bank in Miri
which are Bank Islam as well as Bank Muamalat.
Also, there are other foreign bank like OCBC, HSBC
and some other dual system which combines
conventional as well as Islamic banking concept. The
need to understand customer behavior towards
Islamic banking is important as the competition
between banking industry is becoming intense.
The purpose of this study is to explore the
preference of customer towards Islamic bank by
using religion, influence of family and friends and
service quality to find out which variables is
powerful enough to influence customer choice
towards Islamic bank in Miri, Sarawak, Malaysia.
This will consequently lead to customer satisfaction
which would reflect the future potential of Islamic