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Factors that determine customers acceptance of Ar Rahn financing in Selangor

Abdul Razak, Dzuljastri and Baharun, Farha Nabila (2018) Factors that determine customers acceptance of Ar Rahn financing in Selangor. In: The 1st International Conference Of World Academy Of Islamic Management 2018, 12-13 May 2018, Universiti Kuala Lumpur (UniKL), Kuala Lumpur. (Unpublished)

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Abstract

Ar Rahn is a method of providing short-term financing by pledging jewelry to the financial institution as security. It is widely used to facilitate individual consumption and small business. The use of ArRahnis gaining prominence as an alternative to money lending which charges high-interest rate and poses a burden to customers. The paper aims to determine the factors that affect customers’ acceptance on the use of array based on three variables namely concept, pricing and justice and fairness. The methodology was carried out by survey of121 respondents in the state of Selangor. The result indicated that only pricing has significance relationship with customers’ acceptance. This result is useful to the practitioners so that they can emphasize on pricing as the main element in the marketing of ArRahnto customers. The academician can benefit by conducting further research on this eminence body of knowledge.

Item Type: Conference or Workshop Item (Plenary Papers)
Additional Information: 4433/63745
Uncontrolled Keywords: Ar Rahn, Concept, Pricing, Justice and Fairness.,Selangor
Subjects: H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: Dr Dzuljastri Abdul Razak
Date Deposited: 21 May 2018 14:38
Last Modified: 21 May 2018 14:38
URI: http://irep.iium.edu.my/id/eprint/63745

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