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Impact Factor : 8.14

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Paper Title: INFLUENCE OF STRATEGY IMPLEMENTATION ON FINANCIAL PERFORMANCE IN ISLAMIC BANKS IN COUNTY GOVERNMENT OF MOMBASA, KENYA
Authors Name: Adan Abdirizak Gabow , Dr Isaac Abuga
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IJRTI_188212
Published Paper Id: IJRTI2310057
Published In: Volume 8 Issue 10, October-2023
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Abstract: In Kenya, where there are 40 million people and 15% of them are Muslims, Islamic banking makes up 2% of the stock market. The purpose of the study is to analyses the influence of strategy implementation on financial performance in Islamic Banks in County government of Mombasa, Kenya. The study Objective was to establish the influence of organizational structure on financial performance in Islamic Banks in County government of Mombasa, Kenya. The study was guided by Structural Contingency Theory. On organization structure the study focused on regulatory decisions, financial provisions, and human potential focused on positive look, set standards and social environment. Descriptive survey method was used in this study to compare study variables and analyze correlations. The study population involved three is Islamic banks that is First Community Bank, Gulf African Bank, and Dubai Islamic Bank, in the county government of Mombasa County, Kenya. The targeted participants were 491 employees in the bank. Simple random sampling was used to pick respondents, and stratified sampling was employed to guarantee that all cases are fairly represented. Primary data was collected by the use of questionnaires while secondary data was collected from central bank publications for a period of five years (2018-2022). Pilot test from Gulf Bank was conducted in one of the branches among 23 participants. Cronbach's Alpha of 0.7 was used to assess the questionnaire's internal consistency and reliability. University provided a letter of authorization, the Ethical Review Committee (ERC) clearance letter, and NACOSTI permit as well as informed consent were issued to ensure confidentiality and ethical consideration. The response rate was 93%. Majority of the bank employees were aged between 20-49 years and majority were undergraduate degree holders. Majority of the employees had worked for more than 10 years indicating they had a vast experience in the banking sector. Finding reveals that organization structure has an effect on strategy implementation on financial performance of Islamic banking with a mean deviation was 2.81 and a standard deviation of 0.97. The study therefore concludes that good organization structure, affects financial performance. This study recommends that management of Islamic banking in Kenya should strengthen the organization structure hence improving the financial performance of the Islamic banking, Kenya
Keywords: Strategy implementation, financial performance, organization structure, Islamic banks
Cite Article: "INFLUENCE OF STRATEGY IMPLEMENTATION ON FINANCIAL PERFORMANCE IN ISLAMIC BANKS IN COUNTY GOVERNMENT OF MOMBASA, KENYA", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.8, Issue 10, page no.403 - 408, October-2023, Available :http://www.ijrti.org/papers/IJRTI2310057.pdf
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ISSN: 2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publication Details: Published Paper ID: IJRTI2310057
Registration ID:188212
Published In: Volume 8 Issue 10, October-2023
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Page No: 403 - 408
Country: Mandera, Mandera, Kenya
Research Area: Social Science and Humanities 
Publisher : IJ Publication
Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2310057
Published Paper PDF: https://www.ijrti.org/papers/IJRTI2310057
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED, Journal Starting Year (ESTD) : 2016

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