BLACK CAMEL®

Evaluating a Shariah-compliant product concept

Testing customer demand, comprehension, and trade-offs before launch.

BANKS / ILLUSTRATIVE ENGAGEMENT
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Illustrative engagement · Banks

Illustrative engagements are composite examples showing how we approach this type of work. They do not describe a specific client.

Abstract

Testing customer demand, comprehension, and trade-offs before launch.

Fig. 1 — A visual study of evidence and uncertainty.

A Gulf-based Islamic bank

The question

The proposed offer addressed a plausible need, but early enthusiasm did not establish willingness to adopt or acceptable product trade-offs.

Our approach

We explored decision criteria through qualitative research, then quantified preference across carefully designed product attributes.

Methods

Method
Customer interviews
Method
Discrete choice research
Method
Concept testing
Method
Segment analysis

Outcome

Product teams received a prioritized set of design choices and a more grounded view of potential demand.