Thesis:

An evaluation of planning strategies on Islamic banks' perfomance: case of first community bank limited Kenya

The global financial crisis, diminishing interest margins that have an impact on the industry, notably on asset performance, new rules, a decline in trade volumes, and the mobilization of deposits are some of the issues facing Kenya's Islamic banking industry. This study's primary goal was to evaluate the impact of planning methodologies on the performance of Islamic banks, using First Community Bank Limited Kenya as a case study. This research was motivated by four specific objectives: first, to determine the impact of strategic leadership on the Islamic Banks' performance case of First Community Bank Limited; second, to determine the impact of organizational structure on the Islamic Banks' performance case of First Community Bank Limited; third, to investigate the impact of resource allocation on the Islamic Banks' performance case of First Community Bank Limited. This study's focus was Islamic banks in Nairobi County, Kenya, particularly First Community Bank Limited. Three ideas were used in the study to provide its foundation. Profit and loss sharing theory, leadership contingency theory, and structural contingency theory are among the theories. A descriptive survey methodology was used in this study, which uses descriptions to compare and interpret study variables. Target participants comprised 115 workers from this bank's top, medium, and lower management levels. 62 persons made up the sample size, which was a 30% representation of the 115 study participants. A questionnaire was employed in the data collection process. This study's evaluation was carried out by encoding the gathered data into Statistical package of social sciences (spss) version 24, a statistical tool. The study's conclusions showed that performance was significantly and negatively impacted by organizational structure. The results of this study also showed that performance was significantly and negatively impacted by resource allocation. The study's findings also showed that performance was significantly and favorably impacted by strategic leadership. The study came to the conclusion that one of the most important steps in the process is to plan resource allocation in order to assess the overall strategy's efficacy. The performance instance of first community bank, an Islamic bank in Nairobi, Kenya, is significantly impacted by the resources allocated to strategic planning. with a mean score of 4.0156, the participants demonstrated that the communication of organizational resources required for the distribution of information regarding the execution of strategic plans is efficient. With a mean score of 3.8793, the participants indicated that matters pertaining to strategic plans effectively communicated throughout the enterprise.According to this study, in order to improve the banks' performance, the management of First community bank Kenyan Islamic banks should devise strategies for obtaining new resources and making the most use of those that are already available.