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dc.contributor.authorHalake, Abdi Huka
dc.contributor.authorDr Rintari, Nancy
dc.contributor.authorMutea, Fredrick
dc.date.accessioned2021-12-02T16:39:59Z
dc.date.available2021-12-02T16:39:59Z
dc.date.issued2021
dc.identifier.urihttps://doi.org/10.47941/ijf.616
dc.identifier.urihttp://repository.kemu.ac.ke/handle/123456789/1272
dc.description.abstractPurpose: The purpose of the study was to explore the influence of Islamic auto financing instruments on financial performance of commercial banks in Isiolo CountyKenya.Methodology: This study used descriptive research design. The respondents werecustomer service officers and loan officers in the ten commercial banks in Isiolo County. They were be selected using census method.Data collection wasdone using closed-ended questionnaires and secondary data collected through analysis of report from 2017 to 2020. To ensure validity and reliability, pre-testing of questionnaires wasdone at Kenya Commercial Bankin Meru town. Coded data in SPSS 24.0 computer program analyzedquantitative and qualitative data using the descriptive statistics such as mean, percentage and standard deviation. Multiple regression wasused to test hypothesis of the study. Tables, graphs and detailed explanations wereused to present the final results of the study.Results: Options had a statistically significant relationship with financialperformance.The respondents agreed that the lending terms of Islamic automobile financing have attracted diverse clients(mean of 4.78). However, in comparison with other statements, the respondents did not tally that having sharia committee in disbursing car loans hadenabled clients have confidence with the automobile loans(mean of 3.83). The R value was 0.862 and R-square of 0.743. This indicated that Islamic auto financing instruments’ level of contribution towards financial performance was 74.3%. The Durbin-Watson value was 1.969. This value lied between 0 and 2 hence indicating that there was a positive correlation between auto financing instruments and financial performance. The significance value was 0.000 which was below 0.05hence Islamic Auto financing instruments had a significant influence of financial performance. In addition, the respondents did not tally that having sharia committee in disbursing car loans hadenabled clients have confidence with the automobile loans. This proved that the confidence that clients had on auto financing, was not purely on the nature and process of administration of the financingbut also due to reliability.Unique contribution to theory, policy and practice: The study recommends that auto financing should be provided reliably by ensuring all client concerned are amicably handled by the banking staff. The various car loan officer should be trained on good customer service to as to ensure they sell well their products without necessarily losing new clients. The bank management should also diversify auto financing to cater for all categories of vehicles for expansion of their client baseen_US
dc.language.isoenen_US
dc.publisherInternational Journal of Financeen_US
dc.relation.ispartofseriesvol 6;(1)
dc.subjectIslamic Auto Financing Instruments,en_US
dc.subjectFinancial Performance,en_US
dc.subjectCommercial Banks, Isiolo County Kenyaen_US
dc.titleInfluence of Islamic Auto Financing Instruments on Financial Performance of Commercial Banks in Isiolo County Kenyaen_US
dc.typeArticleen_US


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