Promoting Customer Loyalty and Satisfaction in Financial Institutions through Technology Integration: The Roles of Service Quality, Awareness, and Perceptions

Article


Iqbal, Kamran, Munawar, Hafiz Suliman, Inam, Hina and Qayyum, Siddra. 2021. "Promoting Customer Loyalty and Satisfaction in Financial Institutions through Technology Integration: The Roles of Service Quality, Awareness, and Perceptions." Sustainability. 13 (23), pp. 1-20. https://doi.org/10.3390/su132312951
Article Title

Promoting Customer Loyalty and Satisfaction in Financial
Institutions through Technology Integration: The Roles of Service Quality, Awareness, and Perceptions

ERA Journal ID41498
Article CategoryArticle
AuthorsIqbal, Kamran, Munawar, Hafiz Suliman, Inam, Hina and Qayyum, Siddra
Journal TitleSustainability
Journal Citation13 (23), pp. 1-20
Article Number12951
Number of Pages20
Year2021
PublisherMDPI AG
Place of PublicationSwitzerland
ISSN2071-1050
Digital Object Identifier (DOI)https://doi.org/10.3390/su132312951
Web Address (URL)https://www.mdpi.com/2071-1050/13/23/12951
Abstract

This study examines the effects of quality of service, product awareness, and perceptions among customers of Islamic financial institutions (IFIs) on customer loyalty through technology integration using customer satisfaction as a mediator. A well-structured, comprehensive questionnaire was developed and data were collected from 203 respondents who were customers of six IFIs in Pakistan and had at least 2 years of experience in dealing confiorm this is correct with these IFIs. A total of 171 accurate responses were received from the respondents. Ten hypotheses were developed and statistically verified using regression and correlation analytical techniques. The results reveal that the quality of customer services and awareness of IFIs had a direct and positive relationship with customer loyalty, which in turn was mediated by customer satisfaction. Perceptions about IFIs had a direct positive relation with customer satisfaction. However, the relation of perceptions and quality of service with customer loyalty and satisfaction in financial institutions through technology integration was found to be insignificant, even in the presence of customer satisfaction as a mediator.

KeywordsCustomer perceptions; Customer satisfaction; IFIs’ performance; Islamic financial institutions (IFIs); Quality of service
Byline AffiliationsNational University of Sciences and Technology, Pakistan
University of New South Wales
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