Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior

Rapi, Muh Zul Hazmi and Kassim, Salina (2023) Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior. Journal of Islamic Monetary Economics and Finance, 9 (1). pp. 133-166. ISSN 2460-6146 E-ISSN 2460-6618

	PDF - Published Version Restricted to Repository staff only Download (863kB) | Request a copy
Preview	PDF - Supplemental Material Download (244kB) | Preview

Abstract

This study examines the intention of Indonesian Middle of Pyramid (MOP) and Botton of Pyramid (BOP) and their intention to participate in microtakaful products. The study develops an extended theory of planned behavior (TPB) model and uses structural equations modelling (SEM) to analyze data gathered from 428 respondents. Responses are obtained through a combination of online surveys and traditional paperbased distribution of questionnaires. The findings show that there is a high intention to participate in microtakaful among the respondents, with the subjective norm, price, and knowledge having positive influences on the intention to participate in microtakaful products. Meanwhile, compatibility is shown to have a positive influence on the attitude toward microtakaful, and normative belief has a positive influence on the subjective norm. However, the result shows that relative advantage has a negative influence on the attitude toward microtakaful, and attitude and price show a negative influence on the intention to participate in microtakaful products. Generally, there is a positive intention toward microtakaful among the respondents; however, knowledge and pricing are important factors that hinder the development of the microtakaful industry in Indonesia. These findings provide valuable information for the Indonesian microtakaful market and other Islamic micro institutions.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Microtakaful, TPB, Indonesian BOP & MOP, Intention
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HG Finance > HG8719 Islamic Insurance Takaful
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Prof. Dr. Salina Kassim
Date Deposited:	18 Jan 2024 15:48
Last Modified:	18 Jan 2024 15:48
URI:	http://irep.iium.edu.my/id/eprint/110249

Actions (login required)

View Item