ISLAMIC BANKING QUESTIONNAIRE

Name: ________________________________________

Todays Date: __________

Address: _____________________________________________________________________________ City: __________ State: _________________ Telephone: __________ Pin code: __________

Occupation a) Self Employed/ Businessman b) Professional/ Salaried c) Student d) Homemaker

Annual Family Income(INR) a) Below 1,50,000 b) 1,50,000 3,00,000 c) 3,00,000 5,00,000 d) Above 5,00,000

Years in the Present Position a) <1 b) 1-6 c) 6-10 d) More than 10

ISLAMIC BANKING QUESTIONNAIRE

The questionnaire aims to obtain your response, which in turn will be used to determine the peoples perception towards Islamic banking. You are required to choose from the following options for each of the questions: 1 = strongly agree 2 = moderately agree 3 = do not know 4 = moderately Disagree 5 = strongly Disagree

Q1. The main reason for my association with a bank is

Reasons a)Investment b)Saving/Salary a/c c)Borrowings d)Cheque/ECS e)Phone/Internet banking

Q2. I understand the key concepts of Shariah guided Islamic banking and Finance.

Q3.I am aware that giving/taking of interest (RIBA) is forbidden in Islam.

Q4. A bank can operate successfully without payment and acceptance of interest, which at present is the only type of banking available in India.

Q5.Both Islamic banks and conventional banks must adopt profit maximization principle in order to survive

Q6.I know that Islamic banking involves PLS (profit-loss sharing) principle.

ISLAMIC BANKING QUESTIONNAIRE

Q7.According to me the main reason why people select Islamic banking is,

Reasons a)Strictly religion b)economies (profit and loss element) c)both religion and economies d)other reasons

Q8. The potential of Islamic banking products in Indian Corporate sectors is EXCELLENT.

Q9. Islamic banking can be seen as an alternative to the conventional system of banking.

Q10.I will support a fully operational Islamic bank approved by Shariah Boards; both Indian & International.

Q11. While selecting a bank Cost Benefit Factor is very important to me.

Q12. Even if Islamic banks initially, are unable to give any profits on deposits/ investments, I would still continue with Shariah banking.

Q13. If RBI amends rules and allows

full fledged Islamic banking, India can attract huge investments from Middle East and other countries.

ISLAMIC BANKING QUESTIONNAIRE

Q14. As per the Sachar Samiti Report 50% of the Muslim in India are financially excluded from banks, do you think that a full fledged Islamic bank can plug this disparity? Q15.Yes I know that some Islamic funds are already available in India, like Reliance Iman, Taurus Ethical fund etc. Q16. Even Muslims are unaware of Shariah laws and large scale awareness is required. 1 2 3 4 5

Q17.According to me the most suitable medium of information, with regard to banking products are, Medium 1 2 3 4 5 a)newspaper b)magazines c)television d)internet e)seminars

Q18. According to me Islamic banking can contribute in removing societys inequality and improving general standard of living.

Q19. . According to me lending small amount of money to poor people without any collateral will improve their living standard and will be a boon to our society.

Q20. If my bank opens up a facility

exclusively on the principle of Shariah I will transfer my a/c to Islamic bank?