Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics)
Vol 10, No 2: July 2018

Consumer’s Preference and Awareness: Comparative Analysis between Conventional and Islamic Ijarah Auto Financing in Pakistan

Imran Umer Chhapra (Shaheed Zulfikar Ali Bhutto Institute of Science & Technology (SZABIST), Karachi)
Afzal Ahmed (Shaheed Zulfikar Ali Bhutto Institute of Science & Technology (SZABIST), Karachi)
Raja Rehan (University of Kuala Lumpur, Kuala Lumpur)
Farasat Hussain (Shaheed Zulfikar Ali Bhutto Institute of Science & Technology (SZABIST), Karachi)

Article Info

Publish Date
04 Mar 2018

Abstract

A healthy banking industry plays a vital role in the economic stability, and banks success depends on its products. Therefore, this study aims at cognizing the consumer’s preference and awareness of Islamic Ijarah over the conventional lease in Pakistan. This research used regression as tools of analysis. The findings indicate that convenience is the prime determinant for preference of Ijarah over the lease. Moreover, all other factors except religion also support in the motivate selection of Islamic banking products. Therefore, it can be concluded that in Pakistan, religion is not the only fact motivates individuals to prefer Ijarah. Based on findings, it is recommended to relevant stakeholders to create more awareness among masses about Ijarah and to further ease out policies in order to harness optimum benefit.DOI: 10.15408/aiq.v10i2.7106

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Journal Info
Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics)
Website

Abbrev

iqtishad

Publisher

Universitas Islam Negeri Syarif Hidayatullah Jakarta

Subject

Religion Economics, Econometrics & Finance Social Sciences

Description

This journal focused on Islamic law on economics and finance studies and present developments through the publication of articles. Specifically, the journal will deal with topics, including but not limited to Islamic law on Islamic Banking, Islamic Marketing, Islamic Human Resources, Islamic ...