Advanced Search
MyIDEAS: Login to save this article or follow this journal

Customers’ Perceptions Of Islamic Hire-Purchase Facility In Malaysia: An Empirical Analysis

Contents:

Author Info

  • Nurdianawati Irwani Abdullah
  • Asyraf Wajdi Dusukib
Registered author(s):

    Abstract

    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.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.iium.edu.my/enmjournal/142art3.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by IIUM Journal of Economis and Management in its journal IIUM Journal of Economics and Management.

    Volume (Year): 14 (2006)
    Issue (Month): 2 (December)
    Pages: 177-204

    as in new window
    Handle: RePEc:ije:journl:v:14:y:2006:i:2:p:177-204

    Contact details of provider:
    Postal: Jalan Gombak, 53100 Kuala Lumpur
    Phone: (603) 6196 4770
    Fax: (603) 6196 4850
    Web page: http://www.iium.edu.my/enmjournal/
    More information through EDIRC

    Related research

    Keywords: Islamic hire-purchase; Customers’ perceptions; Customer satisfaction.;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ije:journl:v:14:y:2006:i:2:p:177-204. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gairuzazmi Mat Ghani).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.