| dc.description.abstract | This study sought to establish the effects of Islamic banks on financial
deepening amongst Kenyan Muslims. This research adopted a descriptive research
design where the population of interest in the Islamic field was visited. The target
population for this study was the Muslims. The researcher intends to examine a
sample of 384 Muslims drawn from the population of over 100,000. The researcher
used a questionnaire as the primary data collection instrument. Content analysis and
descriptive analysis were employed. Regression model was also used to establish the
relationship between the variables. he study established that lack of access to financial
information service affected the growth of Islamic banking. Lack of managerial
training and experience affect the growth of small and medium financial institutions.
The study identified that government policies and regulations affect the growth of
small financial institutions. The study established that technological changes affect the
growth of the financial institutions. The customers encounter problems of raising
capital, accessing finance and accessing credit. The study recommends that there
should be increased support for learning visits to improve the information flow, the
government should come up with policies on training of business owners and
managers especially on directing, staffing, deployment of finance resources and
controlling activities, the government should seek to address the pertinent issues like
complex licensing regime that has impeded economic development Islamic banking
system in the country. The government should intercede in solving the problems of
unawareness of new technology, unfamiliarity with new technologies and the new
technology not being affordable by maybe subsidizing on the cost of adoption. The
financial institutions should also adjust their tight regulations and credit policies and
the means of determining the creditworthiness of their customers and the credit
appraisal. | en |
