IJCBSS Visitors

Today8
Total205346

Visitor IP : 54.224.56.126 Thursday, 18 October 2018 01:20

Guests : 5 guests online
FaceBookTwitterGoogle+

AN ASSESSMENT OF THE STRATEGIC OPTIONS THAT CAN ENHANCE THE GROWTH OF ISLAMIC BANKING IN KENYA

AN ASSESSMENT OF THE STRATEGIC OPTIONS THAT CAN ENHANCE THE GROWTH OF ISLAMIC BANKING IN KENYA

Wolasa, Tego - Author

Galm Guyo Rogicha - Co-author

 


ABSTRACT

Islamic banking is a form of banking which complies with the principles of Islamic law (Sharia). Sharia prohibits receipt and payment of Riba (usury) on loans. In addition, investing in businesses dealing in goods and services which are prohibited in Islam is prohibited. Shariah also calls for prohibition of Gharar (excessive uncertainty). Shariah encourages the use of asset backed instruments in financing and the application of profit and loss sharing model in financial transactions. This research assessed the strategic options that can enhance the growth of Islamic banking in Kenya. It differentiated Islamic and conventional banking and evaluated strategies currently in use by Islamic banks in and outside Kenya and the extent to which the strategies have succeeded. The research paper guided by the following research questions; - What are the factors which determine customer’s choice of Islamic banking Kenya? What are the strategies being employed by Islamic banks in and outside Kenya? To what extent are the strategies working in Kenya? What strategies should banks in Kenya employ in order enhance growth of Islamic Banking? The research design for study is a descriptive approach focusing on five banks in Kenya. These are; First Community Bank, Gulf African Bank, KCB Bank Kenya Ltd, Chase Bank and Barclays Bank of Kenya Ltd.


 

Attachments:
Download this file (ijcbss_v1_i7_177_192.pdf)PDF[PDF]413 kB

IQ Consultancy IQ Consultancy IQ Consultancy IQ Consultancy


IQ Consultancy    DOAJ Indexing    Index Copernicus