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Factors affecting investors’ decision regarding investment in Islamic Sukuk

Author

Listed:
  • Andi Duqi
  • Hussein Al-Tamimi

Abstract

Purpose - The purpose of this study is to examine the perception of UAE investors regarding their investment preference of Sukuk versus conventional bonds. Design/methodology/approach - A modified questionnaire was used in this study with the objective of answering the research questions and testing the developed hypothesis. The survey was conducted on a sample of investors of the UAE Dubai Financial Market, which is one of the main exchanges where Sukuk are traded. Findings - The results indicate that Sukuk features (characteristics) represent the most important influencing factor in the willingness of UAE investors to invest in Islamic Sukuk, followed by the religious factor, as strongly predicted, followed by the expected return and followed by the availability of information. Finally, the results indicate that there is no significant difference in investment in Sukuk among UAE investors based on investors’ gender. Originality/value - The current study is considered the first of its kind conducted on the UAE. As far as the authors know, there are no studies that focus specifically on social and economic factors that affect the propensity of investors to trade in Sukuk.

Suggested Citation

  • Andi Duqi & Hussein Al-Tamimi, 2019. "Factors affecting investors’ decision regarding investment in Islamic Sukuk," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 11(1), pages 60-72, May.
    • Handle: RePEc:eme:qrfmpp:qrfm-01-2018-0009
    DOI: 10.1108/QRFM-01-2018-0009
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    Citations

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    Cited by:

    1. Arfaoui, Mongi & Chkili, Walid & Ben Rejeb, Aymen, 2022. "Asymmetric and dynamic links in GCC Sukuk-stocks: Implications for portfolio management before and during the COVID-19 pandemic," The Journal of Economic Asymmetries, Elsevier, vol. 25(C).
    2. Khawaja, Mohsin & Bhatti, M. Ishaq & Ashraf, Dawood, 2019. "Ownership and control in a double decision framework for raising capital," Emerging Markets Review, Elsevier, vol. 41(C).

    More about this item

    Keywords

    Perception; Sukuk; Investment decision; UAE investors; G2; G21;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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