Islamic Banking and Success of Selected Banks in Mogadishu, Somalia

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Date
2011-09
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Publisher
Kampala International University, College of Economics & Management
Abstract
This study was set out to establish the extent to which Islamic banking rules affect success of selected banks in Mogadishu, Somalia; specifically, the study intended to establish the (i) profile of the respondents, (ii) level of which Islamic banking rules, (iii) level business. success, (iii) whether there is a significant difference in the level of which Islamic banking rules and employee conflict, (iv) whether there is a relationship in the level of communication and business success in selected banks in Mogadishu, Somalia. The study used a survey design; specifically, descriptive correlation and descriptive comparative; data were collected from 197 respondents using self-administered questionnaires as the key data collection instruments. Data were analyzed using frequency counts and summary statistics, Pearson Linear Correlation and Regression Analysis. The study findings revealed that there was a high level of which Islamic banking rules, there was also high level of business success, the level of Islamic banking rules and business success significantly differed among banks in Mogadishu city and that Islamic banking rules in the selected banks in Mogadishu city is significantly correlated with business success. From the above findings appropriate conclusions and recommendations including those for further research were made. Recommendations from the study were (i) Banks should state their goals clearly and ensure that they achieve their goals by ensuring that they fully understand the set goals and objectives, (ii) Banks should ensure continuous improvements in their services to cater for ever changing consumer tastes and preferences, (iii) recruit employees with the needed skills and abilities, (iv) Keep employees involved in daily activities of the organization.
Description
A Thesis Presented to the School of Postgraduate Studies and Research Kampala International University, Kampala-Uganda In Partial Fulfillment of the Requirement for the Degree Masters in Business Administration
Keywords
Islamic Banking
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