The perception of Islamic banking by the first national bank sales staff in the Kwazulu-Natal region of South Africa

  • Published December 9, 2016
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    Volume 11 2016, Issue #4, pp. 50-60
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    3 articles

The objective of this study is to determine the perception and awareness of Islamic banking by a conventional banks sales force. This was a cross-sectional study conducted among 100 sales staff randomly selected to take part in the study. A self-administered anonymous questionnaire was used to collect the data using online system called QuestionPro. Results revealed that whilst the respondents did feel there was a need for Islamic banking, they also did feel that Islamic banking was more complicated than conventional banking. The study also revealed that there was an overall negative perception of Islamic banking which was primarily based on a lack of knowledge, awareness, and understanding. It is recommended that banks provide sufficient and effective training to their staff on all products and services so that any negative perception can be eliminated. This study can benefit organizations that are in the Islamic banking industry or looking at getting into the Islamic banking industry.

Keywords: Islamic banking, conventional banking, knowledge, perception, training.
JEL Classification: G21, D83

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