...People Perception of Islamic Banking Muhammad Sohail Bhatti Student MS Islamic Banking & Finance University of Management & Technology Abstract: This research was conducted to gauge the perception of general public about Islamic Banking in Pakistan. Questionnaires were distributed to customers of Islamic Banking and conventional banking. The results revealed that most of the people do not have adequate knowledge of the concepts of Islamic Banking. Some of the participants did not even know that “Riba” is forbidden in Islam. Less awareness about the Islamic banking concepts can be the main cause of negative perception among general public. This study also revealed that many people think that Islamic banks have not played their proper role in creating the awareness and knowledge about the concepts and working of Islamic banking. The study might help the Islamic Banks to reconsider their marketing strategies so that the negative perceptions of the general public may be changed to a positive one. Key Words: Islamic Banking, Perception Introduction: Islamic Banking is relatively new concept as compared to conventional banking. The history of conventional banking dates back to about two hundred years. Whereas Islamic banking is only in its infancy stage and started only about 17 years ago. People are so used to the conventional side of the banking that it is a little hard for them to understand the Islamic Banking concepts and the working and services offered by them...
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...wrong by a young boy that was named Thao. These stubborn beliefs came from both of their past experience with people that they had encountered in their life. Also both of them were super stubborn and thought their way was the right way, and they...
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...Importance of Understanding How People Form Perceptions In the case of Joe Salatino, he is the new president of Great Northern American and he bases the success of his company by the amount of money he pays the employees. The firm’s salespeople sell millions of products each year. The lead person of this telemarketing company believes that spending money on commissions and bonuses is necessary to keep his salespeople motivated. The company uses all kinds of motivational tactics in the salesroom to keep the employees engaged at work. Many of Joe’s top workers earn thousands of dollars a year plus commission, but usually it takes about a year for an employee to build up their clientele. With in the article it goes to discuss how the salespeople go above and beyond to build a strong relationship with the customers. Joe believes it increases sales when the employees for a memorable relationship with the customers. As a result, when Joe is looking to hire new people; he looks for them to have great communication skills, be highly motivated and considerate. Finally, Joe looks for workers that know their strengths and weakness and thrive to take the initiative without having to be direct all the time. In the workplace, perceptions quickly become formed whether accurate or artificial. Perceptions and inaccurate assumptions of work habits, personal relationships are mostly form over company gossip. Joe Salatino needs to explain to his employees that perceptions in the workplace can impact...
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...Perception refers to the process by which our senses gather information from the environment and our brains make sense of that information. It can also be defined as the process of selecting, organizing and interpreting information in order to make sense of the world around us (Bratton et al, 2010, p129). Another definition is a process by which individuals organize and interpret their sensory impressions in order to give meaning to environment. (Robbins & Judge, 2009) Perception does not just happen; it can be characterized as inherently selective, subjective and largely automatic rather than conscious. These are the features of the perception process which is the dynamics of receiving, organizing and interpreting external stimuli. Perception begins when environmental stimuli are received through our senses that are the hearing, smelling, tasting, seeing and feeling. In all instances, these stimuli are too much for the brain to store and so most of the stimuli are screened out, selective attention is given to the rest based on the part of environment to which we want to attend which are organized and interpreted based on various information and because this process is automatic rather than conscious, we are usually not too aware that we have been selective. People do perceive the same situation differently because they might select different things to focus their attention on in a situation and since the brains function on what is being focused on, the same situation would...
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...What were the differences between Presidents Jefferson and Jackson in their perceptions of Native people? Jefferson followed more the principal of assimilation of Native Americans. He saw Native American tribes as sovereign nations that should be recognized by the U.S. His ideal was to assimilate Native Americans into an agriculture based economy wherein they could participate in his agrarian vision of the United States. His idea for obtaining Indian lands was to buy them or to gain them by the process of letting the Indians get indebted to the United States to the degree that they would be forced into giving up land resources to cover that debt. If this plan failed Jefferson was more than willing to use forced removal and extermination as a means for obtaining the land America needed for its growth. In this respect he can be considered the true “Father of Indian Removal” as policy for the United States in dealing with Native Americans (Rockwell, 2010). Jackson was a fierce opponent to treating Native American tribes as sovereign foreign nations; he did not believe that the U.S. should treaty with them. Jackson also held the reputation of being an ‘Indian Hater’; especially in the eyes of Native Americans who gave him the nickname “Indian Killer” or as the Cherokee called him, “Sharp Knife”. This nickname came about during Jackson’s military career during battles with Creek, Cherokee and Seminole tribes. His battle tactics were extremely brutal. Jackson even went so far as...
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...How does intra- and interpersonal perception (understanding yourself and other people) contribute to individual success both at university and later at work? An individual’s awareness and monitoring of themselves can enhance and improve one’s perception of reality, contributing to individual success; just as growing relationships with others and strong communication skills can in-turn contribute to the same individual success. This success can be achieved at an academic or organizational level, through an individual’s intrapersonal and interpersonal perception of themselves and the world around them. However, without strong intrapersonal dynamics, an individual cannot achieve an equally strong interpersonal perception with their community and the greater world. Strong intrapersonal perception begins with an individual’s self-assessment of what they know, so that they can improve their self-regulated learning skills and be successful (Bercher, 2012). Self-regulated learning is important as it allows an individual to assess and monitor themselves, proving to them their ability or inability to complete a task. This can be achieved through many tools and exercises. Bercher describes the use of a Student Self Assessment Sheet (SASS), which shows how an individual can achieve better learning through cognitive feedback, which usually occurs during the completion of a task. If feedback occurs during the accomplishment of a task, an individual can understand what went wrong and modify...
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...The Role of Perception in the Decision Making Process. Your name Name of Institution The Role of Perception in the Decision Making Process Perception is more important than reality. It doesn’t matter what is reality if a person views it differently. One’s behavior is a direct result of the way he or she sees things. Two people may experience an event together, a car accident, for example; when interviewed there will be similarity in their accounts, but each will have a unique interpretation of the details. Why is this? According to Stephen P. Robbins, “The world as it is perceived is the world that is behaviorally important,” (Robbins, 2005, p. 134). Because people act on their perceptions, each person’s perception is his or her reality. This explains how reality can be different for different people. Perception must be considered in organizational behavior. Perception effects management decisions, whether deciding to hire a new employee, giving a performance review, or making a major decision regarding the direction to take their business. Perception also determines an employee’s job satisfaction and performance. Factors influencing perception are threefold, the perceiver, the situation, and the target or subject (Robbins, 2005, p. 135). One interprets situations or information in light of his or her own attitudes and experiences. If a person has had positive experiences in a similar situation, or with a similar type of manager...
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...Why are the perceptions you have of your skills usually different from the perceptions that others have of your skills Why Do Differences in Perception Occur? The way you sense the world—the way you see, hear, smell, touch, and taste—is subjective, uniquely your own. Nobody else sees the world the way you do, and nobody experiences events exactly as you do. The uniqueness of human experience is based largely on differences in perception—“the process of becoming aware of objects and events from the senses” (DeVito, 1986) Perception is subjective, active, and creative. Active perception means that your mind selects, organizes, and interprets that which you sense. So each person is a different video camera, and each person aims the camera at different things; each person’s lens is different; each person sees different colours; and each person’s audio picks up different sounds. Perception is subjective in that you interpret what you sense; you make it your own, and you add to and subtract from what you see, hear, smell, and touch. Subjective perception is your uniquely constructed meaning attributed to sensed stimuli. So, why do differences in perception occur? Differences in perception may be the result of physiological factors, people’s past experiences and roles, their cultures and co-cultures, and their present feelings and circumstances. Physiological Factors You are not physiologically identical to anyone else. People differ from each other in sex, height...
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...Perception of crime in Australia Name: deejay dial University: egerton Tutor: dr.magana Course: criminology Date: 03-06-2013 Introduction Crime is defined as an act of breaking or violation of the law .a crime is punishable by the government through imprisonment or paying bail, crimes range from petty crimes such as pick pocketing to capital crime such as murder or robbery with violence Policy making in Australia is affected by many factors including public perception .policies in criminal justice are used to determine the kind of punishment that is to be given to offenders, its also used to classify the degree and severity of crimes and also allocating the required resource to the criminal justice agencies. Using public perception to make policy can lead to bad policy formulation this is because there is a huge discrepancy that exists between the actual crimes committed and what the public holds as the rate of crime in their country. This is true in Australia where people perceive that crime is on the increase while in the actual sense its declining (Rex & Tonry 2002; Roberts & Indermaur 2009), the same pattern was also reported in the united states during the last decade (Maguire & Pastore 1999). In Australia the elderly, women and illiterate people believe that crime rate is increasing compared to men and the literate who believe otherwise (Indermaur & Roberts 2005) In 2007 according to Australian bureau of statistics (2008) murders reported...
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...Perception is our sensory experience of the world around us and involves both the recognition of environmental stimuli and action in response to these stimuli. Through the perceptual process, we gain information about properties and elements of the environment that are critical to our survival. A number of factors operate to shape and sometimes distort perception These factors can reside: i) In the perceiver ii) In the Object or target being perceived or iii) In the context of the situation in which the perception is made. 1. Characteristics of the Perceiver: Several characteristics of the perceiver can affect perception. When an individual looks at a target and attempts to interpret what he or she stands for, that interpretation is heavily influenced by personal characteristics of the individual perceiver. The major characteristics of the perceiver influencing perception are: a) Attitudes: The perciver's attitudes affect perception. For example, Mr. X is interviewing candidates for a very important position in his organization - a position that requires negotiating contracts with suppliers, most of whom are male. Mr. X may feel that women are not capable of holding their own in tough negotiations. This attitude with doubtless affect his perceptions of the female candidates he interviews. b) Moods: Moods can have a strong influence on the way we perceive someone. We think differently when we are happy than we do when we are depressed. In addition, we remember information...
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...Subliminal Perception & Extra Sensory Perception Subliminal Perception is the ability to notice stimuli that affect only the unconscious mind. This concept used subliminal messages, which are brief auditory or visual messages presented below the absolute threshold so that there is less than 50 percent chance that they will be perceived. In a state-of-the-art technology, subliminal perception is done by continually flashing a message through computerized digital words on a screen at a very fast speed. The repeated flashing stimulates the potential or prospective buyers to unconsciously absorb the message. If the message in a TV advertisement during commercial break, is to eat pizza pie at Pizza Hut, generally consumers whenever feel hungry they tend to go to Pizza Hut and order pizza pie. On the other hand, supraliminal perception is the perception of stimuli that are above level of consciousness or awareness. Experiences that can be evoked by sensory receptors are strong enough to perceive and remember. Extrasensory Perception is the perception of objects or events through means other than sensory organs. Eyes, ears, mouth, nose and skin are sense organs used for personal experience to the external world. Bem and Honorton presented “psi”, as unusual processes of information or energy transfer that are currently unexplained in terms of known physical or biological mechanisms. ESP experiences are described below: 1. Telepathy – It is a direct communication...
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...are itself no less problematic than the concept of poverty. Townsend (2010) posited that people can be said to be in poverty when they are deprived of income and other resources needed to obtain the conditions of life such as the diets, material goods, amenities, standards and services that enable them to play the roles, meet the obligations and participate in the relationships and customs of their society. In most developing countries, poverty is more widespread and severe in rural than in urban areas. According to International Fund for Agricultural Development (2011), the largest segment of the world’s poor is the women, children and men who live in rural environments. These are the farmers and herders, the fishers and migrant workers, the artisans and indigenous peoples whose daily struggles seldom capture world attention. Furthermore, Olinto (2013) cited that more than three quarters of those living in extreme poverty are in rural areas and nearly two thirds of the extremely poor earn a living from agriculture. The world of today performs strikingly well in terms of important measurable indicators of human development: nearly all children are immunized, almost all children of school going age are enrolled and attendance rates are consistently high. However, these investments in human capital have not translated into productive employment, which is reflected in people’s perceptions of their own poverty status which is subjective. According to World Bank (2010), health, nutrition...
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...1. Short Description a) Definition, origin Visual perception[1] is the ability to interpret the surrounding environment by processing information that is contained in visible light. The resulting perception is also known as eyesight or vision. However, what people see is not simply a translation of retinal stimuli (i.e., the image on the retina) [2]. Aesthetic experience of visual perception can therefore be conceptualised in three levels: sensory perception (environmental stimuli), cognition, meanings and values that the viewer may associate with this typology. (Gjerde M. 2010.) The Analysis of visual perception is a method to clarify visual information in physical environment, thus parsing human’s interpreting process into legible components...
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...D- Perception: •Perception is the process of becoming aware of objects and events through our senses OR may be described as the process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment. •We interpret what we see and practice and call it reality. Like seeing an image on the computer screen, the image is not real it is only a perception. What really matters is how we perceive things rather than what they really are. •Different people will have different perceptions for the same thing. The fact that you and me may perceive an event differently is the result of differences in our characteristics like gender, age, temporary physiological conditions like headaches and fatigue. Also past experience and old feelings may impact our present perceptions. Your role as a student or son or daughter or mother or father also affects your perceptions and your communication. Factors affecting Our perception can be classified into ( 3 ) categories : 1-Factors related to the perceiver : *Attitudes *Interests *Motives *Experience * Expectations 2-Factors related to the stimuli : * Motion * Size * Proximity * Sound * Background 3-Factors related to the situation ( environment ) : * Time *Work setting *Social setting The Perception Process : It includes...
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...The Role of Perception in decision-making process. TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory Join Search Browse Saved Papers The Role of Perception in the Decision Making Process In: The Role of Perception in the Decision Making Process The Role of Perception in the Decision Making Process. Your name Name of Institution The Role of Perception in the Decision Making Process Perception is more important than reality. It doesn’t matter what is reality if a person views it differently. One’s behavior is a direct result of the way he or she sees things. Two people may experience an event together, a car accident, for example; when interviewed there will be similarity in their accounts, but each will have a unique interpretation of the details. Why is this? According to Stephen P. Robbins, “The world as it is perceived is the world that is behaviorally important,” (Robbins, 2005, p. 134). Because people act on their perceptions, each person’s perception is his or her reality. This explains how reality can be different for different people. Perception must be considered in organizational behavior. Perception effects management decisions, whether deciding to hire a new employee, giving a performance review, or making a major decision regarding the direction to take their business. Perception also determines an employee’s job satisfaction and performance...
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