Sejarah dan Eksistensi Ekonomi Islam pada Era Global di Asia Tenggara

Sharia Economics of Southeast Asian countries has been existing, with a close relationship with their society, since the early arrival of Islam and its spreading in this archipelago through the period of the Islamic Kingdoms up till today. The unity of this Islamic economy with its society because the society has made their identity as Islam so that their habits, customs, economic system, and Worldview are identical to Islam. However, the implementation of the Islamic economic system and its financial activities were interrupted by the existing of colonialism. After their independence from colonization, the country such as Malaysia, Indonesia, and Brunei Darussalam initiated to raise awareness and conducted studies on the Islamic economic system. Even the government has a commitment to achieve the World's prominent center of Islamic economy. This year's report by The State of global Islamic economists reveal that ASEAN countries have succeeded in positioning their countries as a largest of sharia financial center in the world.

A Comparative Analysis of Customer Awareness: Islamic Vs. Conventional Banking Products in Pakistan

Customer awareness plays a pivotal role in developing perceptions about products and Islamic banking products are no exception. This study was aimed at performing a comparative analysis of customer awareness levels about Islamic banking products (IBPs) vs. conventional banking products (CBPs) in Pakistan. A survey was conducted by using a structured questionnaire for this purpose, with close-ended questions adapted from previous studies, using Convenience Sampling method. A total of 285 responses were recorded from walk-in banking customers in both Islamic and Conventional branches in the two cities of Lahore and Sialkot and the data was statistically analyzed in SPSS using paired samples t-Test technique to determine if a statistically significant difference existed in the awareness level towards IBPs and that of CBPs. Overall results show that the awareness level of customers regarding IBPs was lower compared to CBPs. As regards the specific products, awareness level of Musharakah and Ijara was lower than their CBP counterparts, namely Joint Venture and leasing respectively. However, no significant difference was discovered in the awareness level of Mudarabah and Murabaha in comparison to their conventional banking counterparts, namely Passive Partnership and Deferred Payment Sale. The study will be assistive in ascertaining the role of awareness in building a favorable perception about IBPs being Shariah Compliant.