Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis

Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis

One of the latest innovative products of Islamic banks is the Islamic hirepurchase facility or Al-IjOErah Thumma al-Bayc (AITAB) which is designed to meet the current demand and avoid certain risks in the financing of consumer durables and motor vehicles. AITAB can be utilized to finance a wide ran...

Full description

Bibliographic Details
Main Authors: Dusuki, Asyraf Wajdi, Abdullah, Nurdianawati Irwani
Format: Article
Language:English
Published: The International Islamic University Malaysia 2006
Subjects:
HG Finance
HG1501 Banking
Online Access:http://irep.iium.edu.my/3029/
http://irep.iium.edu.my/3029/
http://irep.iium.edu.my/3029/1/aitab_-_irwani-asyraf.pdf
id iium-3029
recordtype eprints
spelling iium-30292013-03-15T01:33:17Z http://irep.iium.edu.my/3029/ Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis Dusuki, Asyraf Wajdi Abdullah, Nurdianawati Irwani HG Finance HG1501 Banking One of the latest innovative products of Islamic banks is the Islamic hirepurchase facility or Al-IjOErah Thumma al-Bayc (AITAB) which is designed to meet the current demand and avoid certain risks in the financing of consumer durables and motor vehicles. AITAB can be utilized to finance a wide range of assets, either for individual or corporate customers. This paper presents empirical evidence on the customers’ perception of AITAB. A country-wide questionnaire survey has been conducted on 203 AITAB customers, aiming at eliciting their awareness and perception of AITAB facility. Overall, the results provide a strong signal to the bankers that efforts need to be intensified in educating the public about the distinctive characteristics of AITAB and how it may suit the interest of customers in financing their assets. There is a huge potential for AITAB to be marketed to various segments of customers comprising those who are concerned with the legitimacy of the facility, and those who seek convenience and less complicated transactions. The International Islamic University Malaysia 2006 Article PeerReviewed application/pdf en http://irep.iium.edu.my/3029/1/aitab_-_irwani-asyraf.pdf Dusuki, Asyraf Wajdi and Abdullah, Nurdianawati Irwani (2006) Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis. IIUM Journal of Economics and Management , 14 (2). pp. 177-204. ISSN 1394-7680 http://www.iium.edu.my/enmjournal/142art3.pdf
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG Finance
HG1501 Banking
spellingShingle HG Finance
HG1501 Banking
Dusuki, Asyraf Wajdi
Abdullah, Nurdianawati Irwani
Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis
description One of the latest innovative products of Islamic banks is the Islamic hirepurchase facility or Al-IjOErah Thumma al-Bayc (AITAB) which is designed to meet the current demand and avoid certain risks in the financing of consumer durables and motor vehicles. AITAB can be utilized to finance a wide range of assets, either for individual or corporate customers. This paper presents empirical evidence on the customers’ perception of AITAB. A country-wide questionnaire survey has been conducted on 203 AITAB customers, aiming at eliciting their awareness and perception of AITAB facility. Overall, the results provide a strong signal to the bankers that efforts need to be intensified in educating the public about the distinctive characteristics of AITAB and how it may suit the interest of customers in financing their assets. There is a huge potential for AITAB to be marketed to various segments of customers comprising those who are concerned with the legitimacy of the facility, and those who seek convenience and less complicated transactions.
format Article
author Dusuki, Asyraf Wajdi
Abdullah, Nurdianawati Irwani
author_facet Dusuki, Asyraf Wajdi
Abdullah, Nurdianawati Irwani
author_sort Dusuki, Asyraf Wajdi
title Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis
title_short Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis
title_full Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis
title_fullStr Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis
title_full_unstemmed Customers’ perceptions of Islamic hire-purchase facility in Malaysia: an empirical analysis
title_sort customers’ perceptions of islamic hire-purchase facility in malaysia: an empirical analysis
publisher The International Islamic University Malaysia
publishDate 2006
url http://irep.iium.edu.my/3029/
http://irep.iium.edu.my/3029/
http://irep.iium.edu.my/3029/1/aitab_-_irwani-asyraf.pdf
first_indexed 2023-09-18T20:10:43Z
last_indexed 2023-09-18T20:10:43Z
_version_ 1777407459403497472

Similar Items