Factors Influence Intention to Opt for Islamic Investment Schemes among Market Players

Abduh, Muhammad; Hussin, Tuan Muhd Taufik Tuan

doi:10.14421/grieb.2018.062-02

Cited by 6 publications

(8 citation statements)

References 1 publication

(1 reference statement)

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“…Therefore, this finding contradicts Sharma et al (2017) 's research which found that religiosity supports the purchase intention of Islamic financial products in Bangladesh. Also contrary to many other studies including Newaz et al, (2016), Bananuka et al, (2020), Nugraheni and Widyani (2020), Fauzi et al (2020), Kristiyadi andHartiyah, (2016), Zahri and Hafasnuddin (2016), Abduh and Hussin (2018). However, this conclusion is not the first because Johan et al (2020) also revealed that religiosity does not support Muslims' intention to hold shariacompliant credit cards.…”

Section: Discussionmentioning

confidence: 60%

“…There is a positive influence of religiosity on Muslim students' intention with and without Islamic economics educational backgrounds to save in Islamic banks (Nugraheni and Widyani, 2020). Several other studies have also found that religiosity positively influences intention (Fauzi et al 2020;Kristiyadi and Hartiyah, 2016;Zahri and Hafasnuddin, 2016;Abduh and Hussin, 2018). Product knowledge becomes an essential part of this research because Islamic products have different unique characteristics.…”

Section: Sharma Et Al (2017) Explained How Muslims' Religiosity Dimen...mentioning

confidence: 89%

“…Meanwhile, Yuliati (2011) found that the risk of investment and Islamic attributes of the product positively affect public intention to invest in sukuk. Firdaus et al (2018) intention to choose Islamic investment schemes in Malaysia's Islamic capital markets (Abduh and Hussin, 2018).…”

Section: Introductionmentioning

confidence: 99%

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The Determinants of Muslim Millennials' Intention Towards Savings Sukuk

Prasetya

Fauziah

Kasmo

2022

JAM

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Savings Sukuk is one of the sharia investment products issued by the Indonesian Government. Investors from the millennials generation always dominate Savings Sukuk sales, although it is a new investment instrument in Indonesia. Therefore, we interest in examining the intention towards Savings Sukuk more deeply. In particular, this study analyzes the effect of religiosity, product knowledge, and pricing on Muslim millennials' intention toward Savings Sukuk in Indonesia. This study used a quantitative approach, and the data collected was analyzed by Partial Least Square – Structural Equation Modeling (PLS-SEM). Purposive sampling was used to get the required sample. Respondents in this study were Muslim millennials in Indonesia and were not limited by region. There are at least 138 respondents who participated in the survey. The results showed that product knowledge and pricing influenced Muslim millennials' intention toward Savings Sukuk. In contrast, religiosity does not affect Muslim millennials' intention toward Savings Sukuk in Indonesia.

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Section: Discussionmentioning

confidence: 60%

Section: Sharma Et Al (2017) Explained How Muslims' Religiosity Dimen...mentioning

confidence: 89%

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The Determinants of Muslim Millennials' Intention Towards Savings Sukuk

Prasetya

Fauziah

Kasmo

2022

JAM

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“…However, the results of this study contradict previous research conducted by Dayaratne and Wijethunga (2015), Mahastanti and Hariady (2014), which stated that attitude did not affect investment intention. Meanwhile, Abduh and Hussin (2018) stated that attitude had a positive but not significant effect on intention in their research.…”

Section: The Effect Of Financial Attitude On Investment Intentionmentioning

confidence: 94%

The effect of financial knowledge and financial well-being on investment intention mediated by financial attitude

Ilyas

Moeljadi²,

Djawahir³

2022

IJRBS

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Investment intention in millennials and Gen Z in Indonesia grows yearly. However, the cause of the growing enthusiasm for investment among millennials and Gen Z is recently fear of being vulnerable to Fear of Missing Out (FOMO) behaviour alone, not based on financial factors such as financial knowledge, financial well-being and financial attitude. This study aims to determine the role of financial knowledge and financial well-being on investment intention mediated by financial attitude. This research belongs to the type of explanatory research. Respondents in this study are Millennials and Gen Z generations who invest and live in Malang City. Determination of the number of samples in this study using the purposive sampling technique with a total sample of 400 respondents. Methods of collecting data using a questionnaire, then analyzed using PLS-SEM. The study results confirm that financial knowledge positively affects investment intention. Financial well-being does not affect investment intention. Financial attitude has a positive influence on investment intention. Financial knowledge and financial well-being have a positive influence on financial attitude. Financial attitude can partially mediate the relationship between financial knowledge and investment intention. In addition, financial attitude can also mediate the relationship between financial well-being and investment intentions fully. Millennials and Gen Z are expected to improve financial knowledge and attitudes to increase interest in more targeted investments. This advice will also positively impact the Financial Well-being of millennials and Gen Z in the future.

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“…Does the disclosure activity, which includes the disclosure of Islamic values, increase the trust of related stakeholders? Indications of the impact of the exposure include an increase in third-party funds (Dzahabiyah & Umiyati, 2020;Hassan & Syafri Harahap, 2010;Widialoka & Hidayat, 2016), as well as the demand for financing products (Abduh et al, 2018;Bhat et al, 2006;Islam & Deegan, 2008).…”

Section: Introductionmentioning

confidence: 99%

Disclosure of Islamic Values and Their Impact on Third-Party Funds and Islamic Bank Financing

Muchlis¹

2022

Minds

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This study investigates how the disclosure of Islamic values may contribute to third-party funds and financing in Islamic-compliant banks. This study employs a sample of 12 Islamic commercial banks in Indonesia with panel data from 2015 to 2020. Weights, based on expert assessments to determine the level of Islamic values, present as the academic contribution of this research. The finding reports that exposure to Islamic values negatively and significantly impacts financing. Third-party funds provide an indirect positive relationship between the disclosure of Islamic values and financing. These findings further consider the importance of implementing and disclosing Islamic values for investors.

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Factors Influence Intention to Opt for Islamic Investment Schemes among Market Players

Cited by 6 publications

References 1 publication

The Determinants of Muslim Millennials' Intention Towards Savings Sukuk

The Determinants of Muslim Millennials' Intention Towards Savings Sukuk

The effect of financial knowledge and financial well-being on investment intention mediated by financial attitude

Disclosure of Islamic Values and Their Impact on Third-Party Funds and Islamic Bank Financing

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