Enhancing institutional loyalty and generating revenues: an innovative strategy in the sustainable development of Islamic employee financing programs (A field study)

Abstract

The research aims to identify the most effective Islamic financing formulas to enhance institutional loyalty and revenue generation in employee financing programs, by applying to private Islamic finance institutions (banks and specialized funds), and selecting a sample of 420 employees, by relying on the descriptive and analytical comparative method using the questionnaire and interview tool.

 The results of the research found that Islamic finance programs contribute to enhancing the institutional loyalty of employees within the institution, while contributing to the diversification of income and revenue generation for the institution, as well as there are no statistically significant differences at a significant level (α<0.05) between the responses of the sample members due to the variables (duration of work in the institution - educational level - marital status), while there are statistically significant differences at a significant level (α<0.05) between the responses of the sample members attributable to the variables (duration of work in the institution - educational level - marital status). The research recommended that Islamic finance programs should be designed according to the needs of the employees and the organization's risks to achieve organizational loyalty and contribute to income diversification and revenue generation, while there are statistically significant differences at a significant level (α<0. 05) between the responses of the sample members attributed to (age - religion) variables.