Case Study

of 9
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
  Commitment of Employee to Bank Islam Bank Islam emerged as Malaysia’s maiden Shariah -based financial institution since its establishment in July 1983. From only RM80 million initially, Bank Islam’s paid -up capital swelled to RM1.73 billion as at June 2009, which was instrumental in making possible the growth of its assets and the implementation of its expansion programmers. Bank Islam was awarded the Reader’s Digest Platinum Award for being the Most Trusted Brand for Islamic Financial Services for two consecutive years. Bank Islam Malaysia Berhad aims to play a meaningful role in fostering economic development and social progress in Malaysia. Employing over 4,000 people, Bank Islam hopes to contribute in the development of knowledge and expertise in Islamic banking and finance in Malaysia. A career with Bank Islam Malaysia Berhad is not only an opportunity to work with the Banking industry but also with an organization that is totally committed to develop the country’s Islamic Banking, as one of the most  advanced Islamic Banking system in the world. While Bank Islam continues to grow at a rapid pace, we understand the need to have a  professional and talented team. When it comes to developing your career, Bank Islam offers excellent career paths, opportunities and attractive remuneration packages. Islamic Bank According to Government Law No. 10 of 1998 on Banking, Islamic Bank is a commercial  bank conducting business based on sharia principles and provides services in payment traffic. Kristanto (2008), Beck et al. (2010), and Hanif (2010) describes the business activities carried out by the Islamic Bank is actually the same as the business activities conducted by conventional banks, it's just philosophical differences between them make Islamic Bank in determining the price and make a profit based on Sharia principles as follows: financing  based on the principle of profit sharing (mudaraba), based on the principle of equity financing (musharakah); principle of trading goods to make a profit (murabaha); financing capital goods without a choice based purely lease (ijara), or with the option of transfer of ownership of the leased item of the bank by the other party (ijara wa iqtina). While the  determination of the costs of other banks, the Bank Syariah also determine the cost, but the cost should be in accordance with the Islamic Sharia (Kristanto, 2008) Organizational Commitment According to Anik and Arifuddin (2003), organizational commitment is a condition or a degree the extent to which an employee is in favor of a particular organization with its goals, and maintains membership in the organization. Kristanto (2008) and Anik and Arifudin (2003) describes three types of organizational commitment. First, Affective Commitment, occurs when employees want to be part of the organization because of the emotional attachment. It also shows the identification and involvement of employees in an organization. Thus it can be said that the employee does want. Second, Continuance Commitment, occurs when employees remain in an organization because it takes a salary and other benefits. This component contains the employees' perception of the loss that will be faced when he left the organization. Thus it can be said that the employee is needed. And third, Normative Commitment, emerged from the values in the employee. Employee last became a member 4  because of the awareness that the organization is committed to the organization is that it should be done. So it can be said that the employee feels obligated. Affective Commitment Affective Commitment occurs when an employee is trying to survive in a company because of a desire fueled by emotional ties. Thus, employees who tend affective on the company will try to realize the objectives of the organization because of the desire within themselves to survive very large. Employee involvement in the religious idealism Islamic Bank can encourage employees to feel emotionally attached to the company (Kristanto, 2008; Anik and Arifudin, 2003; Panggabean, 2001) The emotional ties to the company, then an employee will feel very happy to be part of the company. This happiness can foster pride in the company. Therefore, employees will always try to give the best performance for the company.  Continuance Commitment This commitment occurs when an employee is trying to stay afloat in a company because of the perception of loss when he left the company. Employees with high continuance commitment remain within the company in order to avoid financial loss or other losses (Kristanto, 2008; Anik and Arifudin, 2003; Panggabean, 2001). It can be said also that the employee wishes to remain within the company is driven by the needs that must be met or in other words the employee takes a lot of things that obtained from the company. Islamic Bank employees will experience a considerable loss if left the company. In addition to financial losses, other loss suffered is an opportunity to worship. This is because the religious ideals on which the work of Islamic banking is a form of worship implementation. Normative Commitment  Normative Commitment occurs when an employee is trying to stay afloat in a company  because the consciousness of duty that must be done. Normative Commitment evolved from socialization experiences and feelings, depending on how big the liabilities held by employees (Kristanto, 2008; Anik and Arifudin, 2003; Panggabean, 2001). Islamic Bank employees, has enabled the socialization experiences that relate to the teachings of Islam. Thus, religion is encouraging employees have a higher sense of obligation than Conventional Bank employees. Bank Islam’s Corporate Investment Banking Division (CIB) spearheads the provision and development of total Islamic financial solutions for corporate clientele. Backed by our resources and experience as Malaysia’s pioneer Islamic bank, the team of professionals is able to offer clients an extensive array of Shariah-based corporate and investment banking  products and services tailored to their specific needs. CIB Services CIB offers a wide range of corporate advisory and fund raising services through its Corporate Finance, Debt Capital Markets and Corporate Banking departments which cover the equity capital market, debt capital market and bank market respectively. These services include:  Islamic Securities or Sukuk Employee advise on and arrange fund raising for clients via the issuance of Islamic securities or Sukuk under commercial papers, medium term notes and/or bonds  programmers. Corporate Financing They also provide trade financing, working capital and term financing facilities to meet client’s operational and capital expenditure requirements.   Syndicated Financing Employee offer advice on and arrange fund raising for clients via club-deal or syndicated financing facilities. Project Advisory and Financing They advise clients on project structure and contractual terms from a financing  perspective as well as arrange fund raising for projects via Islamic securities or syndicated financing. Debt Restructuring They offer advice on financial solutions for companies which are unable to meet debt obligations. Takeovers, Mergers, Acquisitions and Divestments  They offer advice on strategic, planning and executing takeovers, reverse takeovers, mergers, acquisitions, joint ventures, strategic alliances, management buyouts and divestments.


Jul 23, 2017
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks