Select Insight (DinarStandard Report)
• The most commonly used Islamic finance services are mortgage services (50% of respondents,) investment products (44%), and banking services (17%).
• There has been an 11% decrease in banking services compared to the 2011 survey. Meanwhile car financing responses increased by 8% and insurance services by 3%.
• However, while a vast majority of respondents adhered to consuming Halal food (93%), an equally vast number (85%) said they do not use Islamic finance. This sentiment holds for mid-to-high income respondents as well.