Customers’ Bank Selection, Awareness and Satisfaction in Islamic Banking: Evidence from Turkey
H. Şaduman Okumuş
Abstract
Since their inception in the mid-1980s, Islamic banks (IBs) or Participation Banks (PBs) have not yet become one
of the primary aspects of the Turkish financial system, reaching only a market share of five percent in the Turkish
financial system. This research aims to examine the development of the Islamic banking sector in Turkey,
considering the internal dynamics of the sector such as customers’ bank selection criteria, awareness and
satisfaction towards Islamic banking products.To be able to achieve this aim, two data sets from the years of 2004
and 2009 in a longitudinal manner were to be used, and statistically analysed, so as to give some meaning to the
sources of the observed change with the objective of analysing the changing nature of behaviour and the attitudes
towards Islamic banking in Turkey.
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