Facilitating Islamic Finance in Australia

Nathie, Mahmood; Freudenberg, Brett

doi:10.2139/ssrn.1568549

Cited by 2 publications

(1 citation statement)

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“…With strong market conditions, new financial products are introduced with rising unit demand and amazing NAV development of unit trust funds. The association between a shared investment system and the total number of unit trusts can be seen in the most recent statistics (Nathie, 2008). The total asset allocation, including Shariah, was RM629.93 billion on December 31, 2014; however, only RM150.6 billion was allocated to Shariah (Rashid, 2005).…”

Section: Introductionmentioning

confidence: 99%

A Correlation Analysis of Knowledge, Experience, Religious Belief, and Behavior of Malaysian EPF Investors Towards Investing in Islamic and Conventional Unit Trusts

Hasnat,

Islam,

Rahimi

et al. 2024

TUJISE

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The objective of the study is to examine the relationship between knowledge, religiosity and experience, and the behavior of employee provident fund (EPF) investors investing in Islamic and conventional unit trusts. The variables are extracted from the literature to achieve the objective. Additionally, 125 valid responses were composed through surveys of Malaysian government and private employees. The Statistical Package for Social Sciences has been applied to analyze the collected data, using correlation analysis techniques. This research found that knowledge about Islamic unit trusts and religious beliefs have a positive significant relationship with the EPF investors’ behavior of investing in Islamic unit trusts. Moreover, the experience of investing in Islamic and conventional unit trusts is also positively and significantly associated with the EPF investors’ behavior of investing in Islamic and conventional unit trusts, respectively. As research in this area is insufficient, this study will play a vital role for the unit trust industry in exploiting the financial strategies that are highly and positively observed by Malaysian EPF investors.

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Section: Introductionmentioning

confidence: 99%