Qualitative study in identifying factors affecting the behavior of muslim generation y towards Islamic home financing products in Malaysia

Nik Mohammad, Nik Mohd Fadhil and Razali, Siti Salwani and Che Mohd Salleh, Marhanum (2021) Qualitative study in identifying factors affecting the behavior of muslim generation y towards Islamic home financing products in Malaysia. The Journal of Muamalat and Islamic Finance Research, 18 (2). pp. 1-12. ISSN 1823-075X E-ISSN 0126-5954

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Abstract

House is the most important basic need for the human survival, however many individuals especially those who are categorised in the category of generation Y still do not acquire a house due to various factors. It is quite a normal practice for most of homebuyers in Malaysia to purchase a house through banking institutions. However, as a Muslim, it is an obligation to purchase and acquire a house through Islamic financial institutions (IFIs) as it is in accordance with the Shariah principles. The objective of the study is to qualitatively identify the factors affecting the behavior of generation Y Muslims in Malaysia towards Islamic home financing products. Apparently, it is found that religious belief, profit rate, offer and promotion, and fast service (loan approval) are factors in affecting generation Y Muslims in choosing Islamic home financing products. Afterwards, the study proposes to integrate the findings (identified factors) with the theory of Attitude-Behavior-Context (ABC). The study findings are expected to contribute significantly to the theory, methodology, and empirical practices.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Islamic home financing, house acquisition, consumer behavior, ABC theory
Subjects:	H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	Dr Siti Salwani Razali
Date Deposited:	13 Sep 2022 12:19
Last Modified:	13 Sep 2022 12:35
URI:	http://irep.iium.edu.my/id/eprint/99977

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