S

An Investigation of the Challenges Facing the Implementation of Islamic Banking in Kenya a Case of Islamic Banks in Kenya

Show simple item record

dc.contributor.author Ahmed, Mahat Mohamed
dc.date.accessioned 2016-06-10T11:35:30Z
dc.date.available 2016-06-10T11:35:30Z
dc.date.issued 2013
dc.identifier.uri http://erepo.usiu.ac.ke/11732/2460
dc.description A Project Report Submitted to the School of Business in Partial Fulfillment of the Requirement for the Degree of Global Executive Masters in Business Administration (GeMBA) en_US
dc.description.abstract The purpose of the study was to establish the challenges facing the implementation of Islamic banking in Kenya. The study was therefore guided by the following objectives: i. Determine the influence of regulatory framework on the implementation of Islamic banking in Kenya ii. Determine the effects of attitudes towards Islamic banking on its implementation in Kenya iii. Determine the effect of bank competition and efficiency on the implementation of Islamic banking in Kenya iv. Establish the effects of selection Criteria of Islamic Banking on the implementation of Islamic banking in Kenya. v. Establish the effects of Islamic culture on the implementation of Islamic banking in Kenya. The research problem was studied through the use of a descriptive research design. The population of study consisted of all the 2 fully fledged Islamic commercial banks in Kenya (First Community Bank and Gulf African Bank) and two convectional banks, Barclays bank Kenya and Kenya Commercial Bank (KCB), which have provided Islamic banking services for the longest period as compared to other convectional banks; and registered with CBK as at 31st December 2012. A stratified random sampling technique was used to collect the data. A questionnaire was employed as the sole research instrument. The researcher administered a survey questionnaire to each member of the sample population. The questionnaire had both open and close-ended questions. The close-ended questions provided more structured responses to facilitate tangible recommendations. The closed ended questions were used to test the rating of various attributes and this helped in reducing the number of related responses in order to obtain more varied responses. Data collected was both qualitative and quantitative and was analyzed by descriptive and content analysis techniques. The descriptive analysis was employed in descriptive statistical tools such as SPSS and MS Excel which helped the researcher to describe the data and determine the extent used. The findings were presented using tables and charts. The Likert scales were used to analyze the mean score and standard deviation, this helped in determining the extent to which the banks are affected by the various innovation strategies. Data analysis used SPSS and Microsoft Excel, percentages, tabulations, means and other central tendencies. Tables were used to summarize responses for further analysis and facilitate comparison. The qualitative data was analyzed using content analysis and presented in prose form. Both quantitative and qualitative data were compiled to generate the final project report. The research findings revealed that Regulatory Framework influences the Implementation of Islamic Banking in Kenya. The research found out that certain attitudes affect the implementation of Islamic banking. The findings also revealed that this attitude to a very great extent influences the implementation of Islamic banking. The findings revealed that majority of the respondents agreed to a great extent that regulatory framework, attitudes, bank competition and efficiency, selection criteria and Islamic culture all influence to a great extent the implementation of Islamic banking in Kenya. The study recommends that the government should participate in the implementation of Islamic banks in Kenya. The government should implement the necessary policies and laws that govern the Islamic banks. This would ensure that the Islamic banks are recognized and enjoy other benefits like any other banks without discrimination. To enable the Islamic banks cope with the challenges of globalization the study recommends that an enabling operational environment should be created. The study further recommends that CBK to put in place a policy to establish a universal Shariah Boards to oversee Islamic banking operation in Kenya. The study recommend banks to organize regular training and workshops by inviting well-versed Islamic scholars to educate bank personnel about Islamic banking. en_US
dc.publisher United States International University - Africa en_US
dc.subject Implementation of Islamic Banking en_US
dc.subject Islamic Banks en_US
dc.subject Kenya en_US
dc.title An Investigation of the Challenges Facing the Implementation of Islamic Banking in Kenya a Case of Islamic Banks in Kenya en_US
dc.type Thesis en_US


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search Repository


Browse

My Account

Context