Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach

The landscape of modern financial institution has seen its dominance not only by conventional banks but also Islamic banking system. The intense competition brought about due to this development has earned service quality an important determinant of customer loyalty. As such this study is aimed at e...

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Main Authors: Abduh, Muhamad, Othman, Abdallah A.M.
Format: Article
Language:English
Published: Islami Bank Training and Research Academy 2014
Subjects:
Online Access:http://irep.iium.edu.my/37323/
http://irep.iium.edu.my/37323/1/Abduh_and_Othman%2C_July_2014.pdf
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author Abduh, Muhamad
Othman, Abdallah A.M.
author_facet Abduh, Muhamad
Othman, Abdallah A.M.
author_sort Abduh, Muhamad
building IIUM Repository
collection Online Access
description The landscape of modern financial institution has seen its dominance not only by conventional banks but also Islamic banking system. The intense competition brought about due to this development has earned service quality an important determinant of customer loyalty. As such this study is aimed at evaluating the service quality of Islamic banks, particularly in the UAE. The analysis is done using descriptive statistics and importance-performance analysis method. The finding shows that attributes plotted in quadrant “concentrate here” are speedy approval of financing proposal, speedy approval of opening new account, cost of services and products, and Islamic working environment. It shows that the performance of those attributes needs to be improved in order to maintain existing and attract new customers. Meanwhile, attributes plotted in quadrant “possible overkill” are internet banking and variety of the banking products. Hence, effective and efficient services are still considered as the main factors affecting customer satisfaction and bank management should wisely and carefully manage those attributes in the future.
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spelling iium-373232018-06-19T06:55:31Z http://irep.iium.edu.my/37323/ Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach Abduh, Muhamad Othman, Abdallah A.M. BP173.75 Islam and economics HG1501 Banking The landscape of modern financial institution has seen its dominance not only by conventional banks but also Islamic banking system. The intense competition brought about due to this development has earned service quality an important determinant of customer loyalty. As such this study is aimed at evaluating the service quality of Islamic banks, particularly in the UAE. The analysis is done using descriptive statistics and importance-performance analysis method. The finding shows that attributes plotted in quadrant “concentrate here” are speedy approval of financing proposal, speedy approval of opening new account, cost of services and products, and Islamic working environment. It shows that the performance of those attributes needs to be improved in order to maintain existing and attract new customers. Meanwhile, attributes plotted in quadrant “possible overkill” are internet banking and variety of the banking products. Hence, effective and efficient services are still considered as the main factors affecting customer satisfaction and bank management should wisely and carefully manage those attributes in the future. Islami Bank Training and Research Academy 2014-06-30 Article PeerReviewed application/pdf en http://irep.iium.edu.my/37323/1/Abduh_and_Othman%2C_July_2014.pdf Abduh, Muhamad and Othman, Abdallah A.M. (2014) Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach. Journal of Islamic Economics, Banking and Finance, 10 (2). pp. 103-113. ISSN 2070-4658 http://ibtra.com/pdf/journal/v10_n2_article6.pdf
spellingShingle BP173.75 Islam and economics
HG1501 Banking
Abduh, Muhamad
Othman, Abdallah A.M.
Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach
title Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach
title_full Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach
title_fullStr Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach
title_full_unstemmed Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach
title_short Service quality evaluation of Islamic banks in UAE: an importance-performance analysis approach
title_sort service quality evaluation of islamic banks in uae: an importance-performance analysis approach
topic BP173.75 Islam and economics
HG1501 Banking
url http://irep.iium.edu.my/37323/
http://irep.iium.edu.my/37323/
http://irep.iium.edu.my/37323/1/Abduh_and_Othman%2C_July_2014.pdf