Abstract:
Ulamlo Leasing has differentiated from Conventional Leasing. Some ways have adopted in
III practice. But totally changes from Islamic concept. Financial and Operational Leasing
hflVO followed by both Islamic and Conventional Financial Institution in Sri Lanka.
Thte research seeks to identify and clarify the controversial issues between Islamic and
Conventional Leasing in order to help remove the misconceptions. It is due to incomplete
Aftd often distorted knowledge about Islamic Leasing that the civil society remains doubtful
Qbout the viability of such a system. As the civil society its lack of knowledge and conviction
has limited the scope of the Islamic Leasing practices. One the society is convinced about the
Utility and unique of the system about Islamic Leasing practices will grow further in not only
many Muslims but also Non Muslim society. The transformation of the present interest
based financial system into interest free Islamic system is one of the objectives exposed by
many Muslims.
The research is divided into five sections following this Introduction, Literature Review of
Leasing which Islamic and Conventional has been given in section two. The survey
methodology used in this study is presented in section three. In section four analyzes the data
of the samplers and finally in section five presents the findings, conclusions and
recommendation of the study.Customers have been good presumption in Islamic financial institution. The Islamic
Financial Institutions have been more benefits than Conventional Financial institution. It is
including no default and high expences of services in its procedure. We considered that the
reason of public's good perception on Islamic financial institution its benefits. Certainly, we
have been accepted that the customers have been good perception in Islamic financial
institution.
