IDEAS home Printed from https://ideas.repec.org/a/rnd/arimbr/v16y2024i3p537-550.html

Factors Influencing the Increase of Unclaimed Property Among Muslims in Klang Valley

Author

Listed:
  • Mohd Rahim Khamis
  • Rabiatul Husna Zahari
  • Seri Nurnazifa Aida Hasnon
  • Maryam Jameelah Mohd Hashim

Abstract

This study addresses the rising issue of unclaimed property in Malaysia, which has been increasing annually. A key cause identified is the failure of many Muslims to plan their estates using Islamic instruments like *wasiyyah*, *hibah*, and *waqf*, instead relying on *faraid* for inheritance distribution. Previous research suggests hesitancy in adopting Islamic estate planning tools. The study seeks to identify factors influencing the rise of unclaimed property, focusing on awareness, incentives, application complexity, and legal issues. A quantitative approach was used, with data collected through face-to-face questionnaires from 280 Muslim respondents aged 25 and above. The data were analyzed using PLS-SEM. Results revealed significant correlations between awareness, incentives, and legal issues with unclaimed property, while complexity did not have a notable impact. This study contributes to the limited research on unclaimed property in Malaysia and offers valuable insights for government and state authorities to develop strategies to address the problem among Muslims.

Suggested Citation

  • Mohd Rahim Khamis & Rabiatul Husna Zahari & Seri Nurnazifa Aida Hasnon & Maryam Jameelah Mohd Hashim, 2024. "Factors Influencing the Increase of Unclaimed Property Among Muslims in Klang Valley," Information Management and Business Review, AMH International, vol. 16(3), pages 537-550.
    • Handle: RePEc:rnd:arimbr:v:16:y:2024:i:3:p:537-550
    DOI: 10.22610/imbr.v16i3(I)S.4081
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/4081/2644
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/4081
    Download Restriction: no
    File URL: https://libkey.io/10.22610/imbr.v16i3(I)S.4081?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. Jon Bakija & Joel Slemrod, 2004. "Do the Rich Flee from High State Taxes? Evidence from Federal Estate Tax Returns," Department of Economics Working Papers 2004-12, Department of Economics, Williams College.
    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. Stefanie Stantcheva, 2020. "Dynamic Taxation," Annual Review of Economics, Annual Reviews, vol. 12(1), pages 801-831, August.
    2. Edward L. Glaeser, 2021. "Urban Resilience," NBER Working Papers 29261, National Bureau of Economic Research, Inc.
    3. Enrico Moretti & Daniel J. Wilson, 2023. "Taxing Billionaires: Estate Taxes and the Geographical Location of the Ultra-Wealthy," American Economic Journal: Economic Policy, American Economic Association, vol. 15(2), pages 424-466, May.
    4. Jeffrey Thompson, 2012. "Raising Revenue from High-Income Households: Should States Continue to Place the Lowest Tax Rates on Those with the Highest Incomes?," Published Studies revenue_peri_march5, Political Economy Research Institute, University of Massachusetts at Amherst.
    5. Mark Rider, 2006. "The Effect of Personal Income Tax Rates on Individual and Business Decisions - A Review of the Evidence," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0615, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    6. Henrik Kleven & Camille Landais & Mathilde Muñoz & Stefanie Stantcheva, 2020. "Taxation and Migration: Evidence and Policy Implications," Journal of Economic Perspectives, American Economic Association, vol. 34(2), pages 119-142, Spring.
    7. Sigrid Roehrs & David Stadelmann, 2010. "Mobility and local income redistribution," Working Papers 2010/4, Institut d'Economia de Barcelona (IEB).
    8. James Alm & William H. Kaempfer & Edward Batte Sennoga, 2012. "Baseball Salaries and Income Taxes," Journal of Sports Economics, , vol. 13(6), pages 619-634, December.
    9. Ben Brewer & Karen Smith Conway & Jonathan C. Rork, 2022. "Do income tax breaks for the elderly affect economic growth?," Contemporary Economic Policy, Western Economic Association International, vol. 40(1), pages 7-27, January.
    10. Benjamin Austin & Edward Glaeser & Lawrence Summers, 2018. "Jobs for the Heartland: Place-Based Policies in 21st-Century America," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 49(1 (Spring), pages 151-255.
    11. Ufuk Akcigit & Salomé Baslandze & Stefanie Stantcheva, 2016. "Taxation and the International Mobility of Inventors," American Economic Review, American Economic Association, vol. 106(10), pages 2930-2981, October.
    12. Mathilde Muñoz, 2021. "Do European Top Earners React to Labour Taxation Through Migration ?," PSE Working Papers halshs-03252899, HAL.
    13. Mathilde Munoz, 2019. "Do European Top Earners React to Labour Taxation Through Migration ?," PSE Working Papers hal-02876987, HAL.
    14. Jeffrey Thompson, 2010. "Prioritizing Approaches to Economic Development in New England: Skills, Infrastructure, and Tax Incentives," Published Studies priorities_september7_per, Political Economy Research Institute, University of Massachusetts at Amherst.
    15. Tino Sanandaji, 2014. "The international mobility of billionaires," Small Business Economics, Springer, vol. 42(2), pages 329-338, February.
    16. Agrawal, David R. & Brueckner, Jan K., 2025. "Taxes and telework: The impacts of state income taxes in a work-from-home economy," Journal of Urban Economics, Elsevier, vol. 145(C).
    17. David R. Agrawal & Dirk Foremny, 2019. "Relocation of the Rich: Migration in Response to Top Tax Rate Changes from Spanish Reforms," The Review of Economics and Statistics, MIT Press, vol. 101(2), pages 214-232, May.
    18. Brülhart, Marius & Parchet, Raphaël, 2014. "Alleged tax competition: The mysterious death of bequest taxes in Switzerland," Journal of Public Economics, Elsevier, vol. 111(C), pages 63-78.
    19. Sasser, Alicia C., 2010. "Voting with their feet: Relative economic conditions and state migration patterns," Regional Science and Urban Economics, Elsevier, vol. 40(2-3), pages 122-135, May.
    20. Schaltegger, Christoph A. & Somogyi, Frank & Sturm, Jan-Egbert, 2011. "Tax competition and income sorting: Evidence from the Zurich metropolitan area," European Journal of Political Economy, Elsevier, vol. 27(3), pages 455-470, September.

    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:16:y:2024:i:3:p:537-550. 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.