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Customer Purchase Intentions toward Islamic Banking Products in Pakistan: A Study of Religiosity-Based Marketing

Author

Listed:
  • Mirza Ashfaq Ahmed

    (Assistant Professor, Department of Management Sciences, University of Gujrat, Pakistan.)

  • Riffat Zulfiqar

    (MS Scholar, Department of Management Sciences, University of Gujrat, Pakistan.)

  • Muhammad Anwar ul Haq

    (Assistant Professor, Department of Management Sciences, University of Gujrat, Pakistan.)

  • Noreena Kausar

    (Assistant Professor, Department of Psychology, University of Gujrat, Pakistan.)

  • Shaista Khalid

    (Assistant Professor, Department of Education, University of Sargodha, Pakistan.)

Abstract

This study evaluates the contribution of religiosity-based marketing to persuade customers to purchase Islamic banking products through credibility, word of mouth and building customer relationships. An adapted survey questionnaire was used to collect the data from 440 respondents through convenience sampling from Gujranwala Division, Pakistan. Structural relations were assessed by employing the PLS-SEM (partial least squares structural equation modeling) technique, and the results revealed the existence of a positive and significant relationship between religiosity-based marketing and the purchase intentions of customers. However, credibility does not contribute to purchase intentions, possibly because the credibility of commercial banks is yet to be established in Pakistan. Religiosity-based marketing has been tested for the first time to evaluate its effectiveness in influencing the purchase behavior of Pakistani customers of Islamic banking products. Furthermore, the attempt to validate the conceptual model by using responses from a Muslim country shows its potential to be replicated in other Muslim countries.

Suggested Citation

  • Mirza Ashfaq Ahmed & Riffat Zulfiqar & Muhammad Anwar ul Haq & Noreena Kausar & Shaista Khalid, 2020. "Customer Purchase Intentions toward Islamic Banking Products in Pakistan: A Study of Religiosity-Based Marketing," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(10), pages 1187-1202, October.
  • Handle: RePEc:asi:aeafrj:2020:p:1187-1202
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    References listed on IDEAS

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    More about this item

    Keywords

    Islamic banking products; Religiosity-based marketing; Credibility; WoM; Customer relationship; Religiosity; Purchase intention.;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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