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Factors influencing intention to use diminishing partnership home financing

Author

Listed:
  • Fauziah
  • Taib
  • T. Ramayah
  • Dzuljastri Abdul Razak

Abstract

Purpose - The purpose of this study is to examine the acceptance level of a new Islamic home financing concept, diminishing partnership (DP), by consumers in Malaysia using the theory of reasoned action as the guiding principle. Design/methodology/approach - Cross sectional data were collected through a survey and analysed by means of factor analysis, correlation and regression analysis. Findings - Positive attitude or degree of favorableness towards the DP concept and religious and social influence are jointly responsible in determining the intention to engage in DP though the former commands greater influence. Research limitations/implications - The use of convenience sampling and postgraduate students may not sufficiently capture the variations that could potentially exist in the market. Practical implications - Introducing a leading Islamic finance product requires more than just a mere Shariah Board approval as customers are far more critical than has often been assumed. Demand for the home diminishing product has clearly been substantiated. It is a challenge for bankers to devise products that use the spirit of the concept very closely without compromising its salient features. Marketing strategies to consumers with different religious backgrounds have also been identified. Originality/value - This study examines customers' acceptance level of a new Islamic home financing concept among multi ethnic/religion consumers with growing interest and consciousness about Islamic financial products.

Suggested Citation

  • Fauziah & Taib & T. Ramayah & Dzuljastri Abdul Razak, 2008. "Factors influencing intention to use diminishing partnership home financing," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing Limited, vol. 1(3), pages 235-248, August.
  • Handle: RePEc:eme:imefmp:v:1:y:2008:i:3:p:235-248
    DOI: 10.1108/17538390810901168
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    Citations

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    Cited by:

    1. Hathat Mohamed Iheb & Baorong Yu, 2024. "Integration of Takaful Insurance in the Tunisian Market: Analysis of consumers’ perceptions," International Journal of Science and Business, IJSAB International, vol. 34(1), pages 47-61.
    2. Muhammad Ali & Syed Ali Raza & Chin-Hong Puah & Muhammad Shujaat Mubarik, 2023. "Customer acceptance toward Islamic personal financing in Pakistan," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 28(2), pages 270-284, June.
    3. Khush Dil Khan & Ikram Ullah Khan & Safeer Ullah Khan, 2022. "Understanding the Drivers of Islamic Credit Card Selection Using TRA Model: Evidence from Khyber Pakhtunkhwa, Pakistan," iRASD Journal of Economics, International Research Alliance for Sustainable Development (iRASD), vol. 4(4), pages 621-632, December.

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