IDEAS home Printed from https://ideas.repec.org/a/rnd/arimbr/v15y2023i2p70-80.html
   My bibliography  Save this article

The Determinants among Muslim Contributors to Adopt Shariah Funds Decision: Evidence of Employees Provident Fund

Author

Listed:
  • Nurul Afiqah Roslee
  • Norzanah Mat Nor
  • Mohammad Firdaus Mohammad Hatta

Abstract

Malaysia is one of the world's Islamic financial centres and it is working hard to enhance Shariah governance in the Islamic financial sectors. Shariah Savings introduced on 8th August 2016 is an initiative by the Employee Provident Fund (EPF) allowing investors to determine whether or not their funds should be handled and invested according to Shariah principles. Despite the effort by the Employee Provident Fund (EPF) to promote investment in the Sharia Compliant saving, the Muslim of EPF members' is still low. Hence, increasing EPF Muslim members' investment is a major challenge. Thus, this study aimed to fulfil this gap by examining the Planned Behaviour Theory with additional variables (religiosity, investment knowledge, and risk propensity) mediated by awareness towards investment decisions among EPF Muslim contributors in Malaysia. Questionnaire surveys were utilized in a quantitative research strategy to collect data. Using purposive sampling procedures, data was collected from 295 Muslim members who stick with EPF conventional savings and analyze by using the Partial Least Square Structural Equation Modelling (PLS-SEM)

Suggested Citation

  • Nurul Afiqah Roslee & Norzanah Mat Nor & Mohammad Firdaus Mohammad Hatta, 2023. "The Determinants among Muslim Contributors to Adopt Shariah Funds Decision: Evidence of Employees Provident Fund," Information Management and Business Review, AMH International, vol. 15(2), pages 70-80.
    • Handle: RePEc:rnd:arimbr:v:15:y:2023:i:2:p:70-80
    DOI: 10.22610/imbr.v15i2(I)SI.3421
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/3421/2173
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/3421
    Download Restriction: no
    File URL: https://libkey.io/10.22610/imbr.v15i2(I)SI.3421?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Christopher Chan & Subramaniam Ananthram, 2019. "Religion-Based Decision Making in Indian Multinationals: A Multi-faith Study of Ethical Virtues and Mindsets," Journal of Business Ethics, Springer, vol. 156(3), pages 651-677, May.
    2. Junaidi Junaidi, 2021. "The awareness and attitude of Muslim consumer preference: the role of religiosity," Journal of Islamic Accounting and Business Research, Emerald Group Publishing Limited, vol. 12(6), pages 919-938, August.
    3. Chen, Xudong & Huang, Bihong & Lin, Chin-Te, 2019. "Environmental awareness and environmental Kuznets curve," Economic Modelling, Elsevier, vol. 77(C), pages 2-11.
    4. Lisa Fiksenbaum & Zdravko Marjanovic & Esther Greenglass, 2017. "Financial threat and individuals’ willingness to change financial behavior," Review of Behavioral Finance, Emerald Group Publishing Limited, vol. 9(2), pages 128-147, July.
    5. Xia, Weiwei & Guo, Xiaohan & Luo, Jun & Ye, Hang & Chen, Yefeng & Chen, Shu & Xia, Weisen, 2021. "Religious identity, between-group effects and prosocial behavior: Evidence from a field experiment in China," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 91(C).
    6. Tajamul Islam & Uma Chandrasekaran, 2020. "Religiosity and consumer decision making styles of young Indian Muslim consumers," Journal of Global Scholars of Marketing Science, Taylor & Francis Journals, vol. 30(2), pages 147-169, April.
    7. Abdulkader Kaakeh & M. Kabir Hassan & Stefan F. Van Hemmen Almazor, 2019. "Factors affecting customers’ attitude towards Islamic banking in UAE," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 14(4), pages 668-688, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Johari Bin Abdullah & Firdaus Abdullah & Saimi Bin Bujang, 2023. "Conceptualizing Muslim Consumer Religiosity: Challenges and Recommendations for Future Research," Information Management and Business Review, AMH International, vol. 15(1), pages 114-120.
    2. Gatti, Donatella, 2022. "Going green and (un)equal ? Political coalitions, redistribution, and the environment," Economic Modelling, Elsevier, vol. 116(C).
    3. Humaira Kamal Pasha, 2024. "Smart access and smart protection for welfare gain in Europe during COVID‐19: An empirical investigation using real‐time data," Bulletin of Economic Research, Wiley Blackwell, vol. 76(1), pages 41-66, January.
    4. Liu, Zhen & Tang, Yuk Ming & Chau, Ka Yin & Chien, Fengsheng & Iqbal, Wasim & Sadiq, Muhammad, 2021. "Incorporating strategic petroleum reserve and welfare losses: A way forward for the policy development of crude oil resources in South Asia," Resources Policy, Elsevier, vol. 74(C).
    5. Puertas, Rosa & Guaita-Martinez, José M. & Marti, Luisa, 2023. "Analysis of the impact of university policies on society's environmental perception," Socio-Economic Planning Sciences, Elsevier, vol. 88(C).
    6. Dhami, Sanjit & Wei, Mengxing & Mamidi, Pavan, 2024. "Religious identity, trust, reciprocity, and prosociality: Theory and evidence," Journal of Development Economics, Elsevier, vol. 166(C).
    7. Eleftherios Filippiadis & Anastasia Litina, 2022. "A dynamic analysis of the income–pollution relationship in a two-country setting," Economic Change and Restructuring, Springer, vol. 55(2), pages 775-801, May.
    8. Simona-Roxana Ulman & Costica Mihai & Cristina Cautisanu, 2020. "Peculiarities of the Relation between Human and Environmental Wellbeing in Different Stages of National Development," Sustainability, MDPI, vol. 12(19), pages 1-26, October.
    9. González-Álvarez, María A. & Montañés, Antonio, 2023. "CO2 emissions, energy consumption, and economic growth: Determining the stability of the 3E relationship," Economic Modelling, Elsevier, vol. 121(C).
    10. Yujing Guo & Qian Zhang & Kin Keung Lai & Yingqin Zhang & Shubin Wang & Wanli Zhang, 2020. "The Impact of Urban Transportation Infrastructure on Air Quality," Sustainability, MDPI, vol. 12(14), pages 1-25, July.
    11. Saia, Artjom, 2023. "Digitalization and CO2 emissions: Dynamics under R&D and technology innovation regimes," Technology in Society, Elsevier, vol. 74(C).
    12. Carlos-María Alcover & Sergio Salgado & Gabriela Nazar & Raúl Ramírez-Vielma & Carolina González-Suhr, 2022. "Job Insecurity, Financial Threat, and Mental Health in the COVID-19 Context: The Moderating Role of the Support Network," SAGE Open, , vol. 12(3), pages 21582440221, September.
    13. Francisco Serranito & Donatella Gatti & Gaye-Del Lo, 2023. "Unpacking the green box: Determinants of Environmental Policy Stringency in European countries," Working Papers hal-04202808, HAL.
    14. Zhao Zhang & Caoyuan Ma & Aiping Wang, 2023. "Environmental Governance, Public Health Expenditure, and Economic Growth: Analysis in an OLG Model," IJERPH, MDPI, vol. 20(4), pages 1-21, February.
    15. Shahid, Ahmad Usman & Patel, Chris & Pan, Peipei, 2022. "Corporate social responsibility, intrinsic religiosity, and investment decisions," Journal of Behavioral and Experimental Finance, Elsevier, vol. 34(C).
    16. Subramaniam Ananthram & Christopher Chan, 2021. "Institutions and frugal innovation: The case of Jugaad," Asia Pacific Journal of Management, Springer, vol. 38(3), pages 1031-1060, September.
    17. Liang, Zhiying & Chen, Jian & Jiang, Dayang & Sun, Yunpeng, 2022. "Assessment of the spatial association network of green innovation: Role of energy resources in green recovery," Resources Policy, Elsevier, vol. 79(C).
    18. Meng-Meng Geng & Ling-Yun He, 2021. "Environmental Regulation, Environmental Awareness and Environmental Governance Satisfaction," Sustainability, MDPI, vol. 13(7), pages 1-17, April.
    19. Kerong Zhang & Liangyu Jiang & Yanzhi Jin & Wuyi Liu, 2022. "The Carbon Emission Characteristics and Reduction Potential in Developing Areas: Case Study from Anhui Province, China," IJERPH, MDPI, vol. 19(24), pages 1-28, December.
    20. Hasnan Baber & N M Baki Billah, 2022. "Fintech and Islamic Banks - an integrative model approach to predict the intentions," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 24(2), pages 24-45, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arimbr:v:15:y:2023:i:2:p:70-80. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/imbr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.