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Billion
of Dollars are Sitting Idle in the Current Accounts: There
are billions of dollars lying idle in the current account
or in other modes. These dollars can be brought into the main stream by
Islamic banking and Islamic financial products. Reach 70% of the Untapped Market: According
to our estimates, current banking has only reached only 30% of
the potential clients in the Islamic world.
Consequently, 70% of clients needs are not being
addressed. Due to the culture and unique value, most
people do not go to bank until the point when they feel they do
not have any choice at all. Reach
to the grass-roots level: There
is a latent demand from billions of customers for Islamic products,
which they can relay on without compromising their values and
belief. In other words banking has not reached to the grass-roots
level in the Islamic world. This is because many banks have tried to
implement western banking model in the Islamic world with little or
no modification. With our offering, we can make Islamic Banking as
basic as the need for water and electricity. Conventional
Banks’ Sr. Management and Board of Directors Concerns:
How
long can the members of Sr. Management tell their boards of
directors that this market is not mature enough?
The competition is already making big profits, winning
customer loyalty, and attracting the customers of other conventional
banks. Sr.
Management of conventional banks are realizing that if they do not
enter into this high potential and expanding market, they will be
left behind. The
Best Investment Opportunity: For conventional banks, Islamic Banking will be an investment with one of the highest possible returns. It’s
Already too Late:
It
is already too late for conventional banks, which are not yet in the
market, to start Islamic Banking. Customers
already ask how long a bank has been in Islamic Banking and
want to know how experienced they are in the field.
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