Purpose
With the advent of technology and internet banking, the role and value of bank’s websites have increased. Additionally, the Islamic banking boom has also increased the role of Shariah-based banking in the market. But neither web-based information nor Shariah board members have been investigated for their possible effects on the branding of Islamic banks. Against this backdrop, this study aims to explore web-based information and Shariah board as a source of branding of Islamic financial institutions (IFIs).
Design/methodology/approach
An interpretivism-based thematic inquiry is carried out through semi-structured interviews of 22 customers of Islamic banks.
Findings
The findings of the study highlighted the fact that customers’ perceived web-based information is in line with the Shariah objectives but showed low level of trust on that information. They assumed that the practices are not consistent with this information. Moreover, the Shariah board members were considered as brand ambassadors, and customers valued board members more than the Shariah board and Islamic bank itself. Findings further highlight the more knowledge customers have about the Shariah board members (experience, qualification, achievements, etc.) the greater is the impact on the branding of the IFIs.
Originality/value
This study offers a novel perspective by considering the value of web-based information and Shariah board on branding of Islamic banks. As there is no such study available in literature, up to the best of researchers' knowledge, the qualitative inquiry may suffice the study objectives and research questions.
The purpose of the study is to investigate a hybrid model of Islamic piety, by merging exploratory factor analysis (EFA) and an artificial neural network (ANN). The present research was divided into three phases. The first phase applied the Delphi method to identify the dimensions of Islamic piety. In the second, the dimensions established using the Delphi method were used in exploratory factor analysis (EFA) to uncover the underlying structure of Islamic Piety construct. In the last phase, an artificial neural network (ANN) was used to rank the factors discovered to establish their significance. The EFA results offers a new model of Islamic Piety comprising of five factors: Rituals, Belief, integrity, love of family and justice. An ANN model was formed and enhanced using the determination of model variables. The results revealed that the main variables in the Islamic piety are Rituals, integrity, belief, love of family and justice. The implication of this study is useful for educational, academic, organizational management including leadership, training and human development, and policy making initiatives. Management can use the model developed to satisfy the needs of their employees and hence enhance to increase the productivity. This study is one of the pioneering studies in the field of Islamic management and the first to employ ANN. The results of the present research affirm that Islamic Piety is one of the key fundamentals of Islamic faith.
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