Potential use of equity-based financing
To see how far the potentiality of Equity-based Financing (EBF) implementation in Malaysia, there are 3 sub aims should be achieved. First is to explore the issues of EBF. To achieve this aim, semi-structured interviews are employed including a total of 7 key personnel of Malaysian IB. They are sele...
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| id |
my-usim-ddms-13442 |
|---|---|
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uketd_dc |
| institution |
Universiti Sains Islam Malaysia |
| collection |
USIM Institutional Repository |
| language |
English |
| advisor |
Mohamad Yazis Bin Ali Basah [supervisor] |
| topic |
Finance Religious aspects Islam Finance |
| spellingShingle |
Finance Religious aspects Islam Finance Siti Nor Amira binti Mohamad Potential use of equity-based financing |
| description |
To see how far the potentiality of Equity-based Financing (EBF) implementation in Malaysia, there are 3 sub aims should be achieved. First is to explore the issues of EBF. To achieve this aim, semi-structured interviews are employed including a total of 7 key personnel of Malaysian IB. They are selected based on their experiences in industries. By using Nvivo12 software in analyzing the data received, the findings revealed that there are 2 outcome issues which includes of supply (IB) and demand (customers) side. Competition, Shariah, legality and risks are resulted in supply-side issues, while, knowledge (KW), understanding (UD), awareness (AW) and religiosity believe (RB) are resulted in demand-side issues. They perceived there is potentiality to implement the EBF in Malaysia, if Malaysian IB put an effort in marketing and enhance the risk management practice. However, major attention should be focus on factors of attitude (ATT) and intention (INT) among customers as to see how far the potentiality to implement EBF. Then, this study investigates whether cognitive and affective has positive effect on ATT and INT (known as conative measures). Also, this study aim to investigate the mediator effect on INT to purchase EBF. A total of 500 users and 500 non-users of financing that are Malaysian Muslim is included in the survey. By using structural equation modelling (SEM) to examine the survey data, the findings are largely support the hypothesized relationships proposed in the models. The results revealed that the different types of customers gives different significant towards their ATT and INT. However, it is very interesting to note that the majority of the respondents expected EBF to be capable of safeguarding their interest and this is crucial to the Malaysian IB, as this position seems generally agreed and expected by majority of the respondents. Therefore, the potentiality to implement the EBF will ensure a promising future for EBF. Several recommendations are also proposed in order to revitalize the soul and spirit of Shariah which fundamentally portray the effectiveness of Islamic finance particularly in dealing with EBF for the benefit of societies as a whole. Lastly, this study has provided good insight support in upholding issues and strategies for both side. Then, this study also has contributed extention of meta-analysis and the results are integrated with Tri-component Attitudes Model which adapting models into a single ATT-INT Model. Based on the results from interviews, this study has contributed extention of 4 cognitive measures (KW, AW, UD, RB). In practical side, this study contributed on extensive product development context and also provided good indication for regulators as help them to give attention on economic value of EBF. |
| format |
Thesis |
| author |
Siti Nor Amira binti Mohamad |
| author_facet |
Siti Nor Amira binti Mohamad |
| author_sort |
Siti Nor Amira binti Mohamad |
| title |
Potential use of equity-based financing |
| title_short |
Potential use of equity-based financing |
| title_full |
Potential use of equity-based financing |
| title_fullStr |
Potential use of equity-based financing |
| title_full_unstemmed |
Potential use of equity-based financing |
| title_sort |
potential use of equity-based financing |
| granting_institution |
Universiti Sains Islam Malaysia |
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1812444784187408384 |
| spelling |
my-usim-ddms-134422024-06-12T08:12:56Z Potential use of equity-based financing Siti Nor Amira binti Mohamad Mohamad Yazis Bin Ali Basah [supervisor] To see how far the potentiality of Equity-based Financing (EBF) implementation in Malaysia, there are 3 sub aims should be achieved. First is to explore the issues of EBF. To achieve this aim, semi-structured interviews are employed including a total of 7 key personnel of Malaysian IB. They are selected based on their experiences in industries. By using Nvivo12 software in analyzing the data received, the findings revealed that there are 2 outcome issues which includes of supply (IB) and demand (customers) side. Competition, Shariah, legality and risks are resulted in supply-side issues, while, knowledge (KW), understanding (UD), awareness (AW) and religiosity believe (RB) are resulted in demand-side issues. They perceived there is potentiality to implement the EBF in Malaysia, if Malaysian IB put an effort in marketing and enhance the risk management practice. However, major attention should be focus on factors of attitude (ATT) and intention (INT) among customers as to see how far the potentiality to implement EBF. Then, this study investigates whether cognitive and affective has positive effect on ATT and INT (known as conative measures). Also, this study aim to investigate the mediator effect on INT to purchase EBF. A total of 500 users and 500 non-users of financing that are Malaysian Muslim is included in the survey. By using structural equation modelling (SEM) to examine the survey data, the findings are largely support the hypothesized relationships proposed in the models. The results revealed that the different types of customers gives different significant towards their ATT and INT. However, it is very interesting to note that the majority of the respondents expected EBF to be capable of safeguarding their interest and this is crucial to the Malaysian IB, as this position seems generally agreed and expected by majority of the respondents. Therefore, the potentiality to implement the EBF will ensure a promising future for EBF. Several recommendations are also proposed in order to revitalize the soul and spirit of Shariah which fundamentally portray the effectiveness of Islamic finance particularly in dealing with EBF for the benefit of societies as a whole. Lastly, this study has provided good insight support in upholding issues and strategies for both side. Then, this study also has contributed extention of meta-analysis and the results are integrated with Tri-component Attitudes Model which adapting models into a single ATT-INT Model. Based on the results from interviews, this study has contributed extention of 4 cognitive measures (KW, AW, UD, RB). In practical side, this study contributed on extensive product development context and also provided good indication for regulators as help them to give attention on economic value of EBF. Universiti Sains Islam Malaysia 2020-07 Thesis en https://oarep.usim.edu.my/handle/123456789/13442 https://oarep.usim.edu.my/bitstreams/a77bdf12-a2bb-45e7-9172-d8ea4e33b30d/download 8a4605be74aa9ea9d79846c1fba20a33 https://oarep.usim.edu.my/bitstreams/d5dc6536-71ad-4756-801a-f4bf77fce3b5/download 4df43c2157df40ca7763a6cbcf472354 https://oarep.usim.edu.my/bitstreams/bcf9af1f-b823-4e7d-80f5-295f2306f0fd/download 8b01f290a2dabfaab95daf4738d32850 https://oarep.usim.edu.my/bitstreams/432fa6d1-197a-4c95-95c2-a8b7db2b3b7b/download fc045a91bff67d1955a6b33df0ed77b2 https://oarep.usim.edu.my/bitstreams/73b3e738-c1b6-4a9b-817f-3cf47725f741/download 53673048572e21e5b8423e437484fd27 https://oarep.usim.edu.my/bitstreams/2196fef2-977e-4ca1-89b7-8b3256034ddf/download 9a1ae4b7b31c01c1717c7898a012c0d6 https://oarep.usim.edu.my/bitstreams/71370c95-cf47-48e5-b8ed-9801b055a2af/download 9d036e5c3b82bc4dd1f822c062ecbf76 https://oarep.usim.edu.my/bitstreams/b2f484aa-da87-423f-b51c-17cf89b29af0/download 7c26d89acd38a49b439e0c9ee40fea8e https://oarep.usim.edu.my/bitstreams/f27a9a79-85bb-477c-ad01-01fe237294fe/download 2ed3b61e9ebf192855252bbe23dedee7 https://oarep.usim.edu.my/bitstreams/7ce07bc2-9f1b-49ac-a3aa-6f83f19661e0/download faa2781e0b36f6be4abd94fbb28e3aeb https://oarep.usim.edu.my/bitstreams/ce2b405e-e2ed-4ed9-aea1-943787379a45/download 4d8f28e986901e38bea96e3b39cb3b09 https://oarep.usim.edu.my/bitstreams/f23c2d93-8ef2-47a1-bb97-b5ea4220e3fc/download 5256723918513b6564e57cd03b5ee208 https://oarep.usim.edu.my/bitstreams/16823f9f-74df-493d-b8af-064a1dbdc656/download 68b329da9893e34099c7d8ad5cb9c940 https://oarep.usim.edu.my/bitstreams/9ed3981d-0622-4c7f-850f-e05f47912856/download 562eaad3a9e3823cee409c2485bd7789 https://oarep.usim.edu.my/bitstreams/607bb308-9b27-4355-a27f-c21732b42266/download 34b13253afc3417e6caf84f57d033dd6 https://oarep.usim.edu.my/bitstreams/e7cb4afd-3deb-4c86-ac51-d2c6fa0e7ce3/download 0b729c66b3f5e1b1ae74e1c25aaaf130 https://oarep.usim.edu.my/bitstreams/3e0f19f8-b598-4095-8dfb-b6c2ff76fc3e/download 8c8360c3b3720b70b7882b5cca284ece https://oarep.usim.edu.my/bitstreams/69662d81-670a-4091-a40a-7539a933fb5f/download 352ff03c72995f3e3b02ce28586bac28 https://oarep.usim.edu.my/bitstreams/8f324ccc-c457-4acb-ab26-d5411e8a0e6e/download 07942833f7b83ad9b81ea82129b859ab https://oarep.usim.edu.my/bitstreams/af8ba596-6fda-42b1-bfec-2cef2837234c/download 75dc04c77a0b9aabb9763179dd8586fe https://oarep.usim.edu.my/bitstreams/31265764-8461-4563-b648-8a4444460984/download b0812cb3dda11fc86abe956087299013 https://oarep.usim.edu.my/bitstreams/dbab7a36-7e6a-46c3-bd50-d93e254aeaf3/download 049418e59d01c43e40375e4afb7b95df https://oarep.usim.edu.my/bitstreams/15a6756b-eafd-4e4d-a0eb-93a44906ce47/download ce6f7de884bec175b635faae2e7dc4bb Finance Religious aspects Islam Derivative securities, Malaysia |