Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs

Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs

This research focuses on the factors influencing knowledge of Islamic banking products among Muslim entrepreneurs. It is intended to measure the factor that might affect the knowledge of Muslim entrepreneur which include the understanding of underlying principles, religiosity factors and perceptions...

Full description

Saved in:
Bibliographic Details
Main Author: Aiffah, Abu Bakar
Format: Thesis
Language:eng
eng
Published: 2014
Subjects:
HB615-715 Entrepreneurship
Risk and uncertainty
Property
HG Finance
Online Access:https://etd.uum.edu.my/4032/1/s813295.pdf
https://etd.uum.edu.my/4032/2/s813295_abstract.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-uum-etd.4032
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Ahmad, Muhammad
topic HB615-715 Entrepreneurship
Risk and uncertainty
Property
HG Finance
spellingShingle HB615-715 Entrepreneurship
Risk and uncertainty
Property
HG Finance
Aiffah, Abu Bakar
Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs
description This research focuses on the factors influencing knowledge of Islamic banking products among Muslim entrepreneurs. It is intended to measure the factor that might affect the knowledge of Muslim entrepreneur which include the understanding of underlying principles, religiosity factors and perceptions towards the Islamic banking. This study examines the relationships between the knowledge with all the mentioned factors earlier. A proposed theoretical framework has been developed in knowledge in Islamic banking product, understanding of underlying principles, religiosity factors and perceptions toward Islamic banking. Hypothesized relationships are tested using survey responses from a sample of 300 respondents which consist of the Muslim entrepreneur registered under Companies Commission of Malaysia (SSM) in Sungai Petani. Kedah. In this study, knowledge in Islamic banking product, understanding of underlying principles and perceptions toward Islamic banking it was measured using the scale by (Harun, 2014), while the instrument used for religiosity factors adopted by Idris, et al,. (2011). All the data were analysed using SPSS software by applying the Descriptive Statistics, Pearson correlation and Multiple Linear Regression analysis to achieve the objective of this research. The outcome of the analysis shows of gender and experience in business has no significant relationship of the knowledge in Islamic banking product. Meanwhile, age and education level has significant the knowledge in Islamic banking product. However, at 99% confidence level, all variable is positively correlated with knowledge of Islamic banking products. Using the multiple regression analysis, the study found all variables (underlying principles, religiosity factors and perceptions towards the Islamic banking) are the most influencing variable in knowledge in Islamic banking product. The results reported in this research are useful to both industry and academics by providing relevant exploratory data about the knowledge. Besides that, the results should be able to recommend some future research suggestion with adding factor because factors that have been suggested is the influential factors that affect the knowledge of Islamic Banking Product among Muslim entrepreneur between the underlying principles, religiosity factor and perceptions towards the Islamic banking.
format Thesis
qualification_name masters
qualification_level Master's degree
author Aiffah, Abu Bakar
author_facet Aiffah, Abu Bakar
author_sort Aiffah, Abu Bakar
title Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs
title_short Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs
title_full Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs
title_fullStr Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs
title_full_unstemmed Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs
title_sort factors influencing knowledge of islamic banking products among muslim entrepreneurs
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2014
url https://etd.uum.edu.my/4032/1/s813295.pdf
https://etd.uum.edu.my/4032/2/s813295_abstract.pdf
_version_ 1747827667608010752
spelling my-uum-etd.40322022-04-09T23:19:43Z Factors Influencing Knowledge of Islamic Banking Products Among Muslim Entrepreneurs 2014 Aiffah, Abu Bakar Ahmad, Muhammad Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HB615-715 Entrepreneurship. Risk and uncertainty. Property HG Finance This research focuses on the factors influencing knowledge of Islamic banking products among Muslim entrepreneurs. It is intended to measure the factor that might affect the knowledge of Muslim entrepreneur which include the understanding of underlying principles, religiosity factors and perceptions towards the Islamic banking. This study examines the relationships between the knowledge with all the mentioned factors earlier. A proposed theoretical framework has been developed in knowledge in Islamic banking product, understanding of underlying principles, religiosity factors and perceptions toward Islamic banking. Hypothesized relationships are tested using survey responses from a sample of 300 respondents which consist of the Muslim entrepreneur registered under Companies Commission of Malaysia (SSM) in Sungai Petani. Kedah. In this study, knowledge in Islamic banking product, understanding of underlying principles and perceptions toward Islamic banking it was measured using the scale by (Harun, 2014), while the instrument used for religiosity factors adopted by Idris, et al,. (2011). All the data were analysed using SPSS software by applying the Descriptive Statistics, Pearson correlation and Multiple Linear Regression analysis to achieve the objective of this research. The outcome of the analysis shows of gender and experience in business has no significant relationship of the knowledge in Islamic banking product. Meanwhile, age and education level has significant the knowledge in Islamic banking product. However, at 99% confidence level, all variable is positively correlated with knowledge of Islamic banking products. Using the multiple regression analysis, the study found all variables (underlying principles, religiosity factors and perceptions towards the Islamic banking) are the most influencing variable in knowledge in Islamic banking product. The results reported in this research are useful to both industry and academics by providing relevant exploratory data about the knowledge. Besides that, the results should be able to recommend some future research suggestion with adding factor because factors that have been suggested is the influential factors that affect the knowledge of Islamic Banking Product among Muslim entrepreneur between the underlying principles, religiosity factor and perceptions towards the Islamic banking. 2014 Thesis https://etd.uum.edu.my/4032/ https://etd.uum.edu.my/4032/1/s813295.pdf text eng public https://etd.uum.edu.my/4032/2/s813295_abstract.pdf text eng public masters masters Universiti Utara Malaysia Ab.Ghani, A., & Kamri, N.`. (2008). Pembiayaan Keusahawanan Mengikut Prinsip Islam: Suatu Tuntutan Jihad. Seminar Keusahawanan Islam II Peringkat Kebangsaan. Abdullah, A. A., Sidek, R., & Adnan, A. A. (2012). Perception of Non-Muslims Customers towards Islamic Banks in Malaysia. International Journal of Business and Social Science, 3(11), 151-163. Abdullah, M. R. (2011). Development of Islamic Banking in Malaysia. Kuala Lumpur Regional Centre for Airbitration (KLRCA), (pp. 22-23). Kuala Lumpur. Adamu, I. M., Kedah, Z., & Osman-Gani, A. (2011). Entrepreneurial Motivation, Performance and Commitment to Social Responsibility: A Conceptual Analysis on the Influence of Islamic Religiosity. the 10th International Conference of the Academy of HRD (Asia Chapter). Ahmad, A. (1997). Towards An Islamic Financial Market: A Study of Islamic Banking and Finance in Malaysia. Research Paper, 81. Ahmad, A. U., & Hassan, M. K. (2004). Riba and Islamic Banking. Journal of Islamic Economics, Banking and Finance, 1-33. Ahmad, N., & Haron, S. (2002). Perception of Malaysian Corporate Customers Towards Islamic Banking Products & Services. International Journal of Islamic Financial Services, 3(4). Ahmad, W. M., Rahman, A. A., Ali, N. A., & Seman, A. C. (2008). Religiosity and Banking Selection Criteria Among Malays in Lembah Klang. Shariah Journal, 16(2), 279-304. Ajija, S. R., Annisa, E., & Hudaifah, A. (2012). How Do Islamic Banks Optimize Profit and Loss Sharing Arrangments? Kuala Lumpur: International Islamic University Malaysia. Alam, S. S., Janor, H., Zanariah, Wel, C. A., & Ahsan, M. N. (2012). Is Religiosity an Important Factor in Influencing the Intention to Undertake Islamic Home Financing in Klang Valley. World Applied Sciences Journal 19 (7), 1030-1041. Al-Jarhi, M. A. (2004). Islamic Banking and Finance: Philosophical Underpinnings. In S. S. Ali, & A. Ahmad, Islamic Banking and Finance: Fundamentals and Contemporary Issues (pp. 13- 24). Saudi Arabia: Islamic Research and Training Institute (IRTI). Asma' Rashidah Idris, K. N. (2011). Religious Value as the Main Influencing Factor to Customers Patronizing Islamic Bank. World Applied Sciences Journal 12 (Special Issue on Bolstering Economic Sustainability), 8-13. Ayub, M. (2007). Understanding Islamic Finance. England: John Wiley & Sons, Ltd. Aziz, Z. A. (2006). Islamic Finance. Islamic Finance Summit in London. Bahrom, H., Ahmad, S. S., & Embong, H. (2003). Kajian Terhadap Masyaraka Melayu dalam Pengaplikasian Perbankan Islam di Negeri Pantai Timur. Universiti Teknologi Mara. Bank Islam Malaysia Berhad (BIMB). (16, March 2014) Bank Islam/ Business Banking. Retrieved March 2014, 16, from Bank Islam: http://www.bankislam.com.my/en/Pages/Business Banking.aspx. Bank Muamalat Malaysia Berhad. (2014, March 16). Bank Muamalat/ Business Banking. Retrieved March 16, 2014, from Bank Muamalat: http://www.muamalat.com.my/ business-banking/. Bank Negara Malaysia, B. (2013). Annual Report BNK 2013. Bank Negara Malaysia. Bank, H. L. (2014, March 16). Hong Leong Islamic Bank/Business & Corporate Banking-i. Retrieved March 16, 2014, from Hong Leong Islamic Bank: http://www.hlisb.com.my/wb/iwb.htm. Berhad, B. R. (2014, March 16). Bank Rakyat/ Business. Retrieved March 16, 2014, from Bank Rakyat: http://www.bankrakyat.com.my/micro-financing-i-musk. Berhad, M. I. (2014, March 16). Maybank Islamic/ business Banking. Retrieved March 16, 2014, from Maybank Islamic: http://maybankislamic.com.my/business.html. Bhatti, M. A., Hee, H. C., & Sundram, V. P. (2012). Data Analysis using SPSS and AMOS. Kuala Lumpur: Pearson Malaysia Sdn Bhd. Bley, J., & Kuehn, K. (2004). Conventional Versus Islamic Finance: Student Knowledge and Perception in The United Arab Emirates. International Journal of Islamic Financial Services, 5(4). Conroy, S. J., & Emerson, T. L. (2004). Business Ethics and Religion: Religiosity as a Predcitor of Ethical Awareness among Students. Journal of Business Ethics, 383-396. Department of Statistics, Malaysia. (2011). Economic Census 2011, Profile of Small and Medium Enterprise. Malaysia: Department of Statistics, Malaysia. Doraisamy, B., Shanmugam, A., & Raman, R. (2011). A Study on Consumers' Perferences of Islamic Banking Products and Services in Sungai Petani. Academic Research International. Dusuki, A. W. (2012). Islamic Financial System: Principles and Operations. International Shariah Research Academy for Islamic Finance (ISRA). Dusuki, A. W., & Abdullah, N. I. (2007). Why do Malaysian Customers Patronise Islamic Banks? International Journal of Bank Marketing, 25(3). Dusuki, A. W., & Abdullah, N. I. (2011). Fundamentals of Islamic Banking. Kuala Lumpur: IBFIM. Ghani, A. M., & Kamri, N.`. (2008). Pembiayaan Keusahawanan Mengikut Prinsip Islam: Suatu Tuntutan Jihad. Seminar Keusahawanan Islam II Peringkat Kebangsaan. Gliner, J. A., & Morgan, G. A. (2009) Research Method in Applied Settings: An Integrated Approach to Design and Analysis.(2009). New York: Taylor & Francis Group, LLC. Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2008). Multivariate Data Analysis (7th Edition). Hamed, A. B. (2010). Analisis dan Interpretasi Data: Analisis Inferensi. In N. Zainuddin, B. A.Rahman, A. B. Hamed, T. L. San, A. N. Mustapa, N. Zakaria, et al., Penyelidikan Saintifik: Asas dan Aplikasi (pp. 132-175). Malaysia: McGraw Hill Education. Hamid, A. H., & Nordin, N. A. (2001). A Study on Islamic Banking Education and Strategy for the New Millenium- Malaysian Experience. International Journal of Islamic Financial Services, 2(4). Haron, S., & Ahmad, N. (2000). The effects of convensional interest rates and rate of profits on funds deposited with Islamic banking system in Malaysia. International Journal of Islamic Financial Services, 1(4), 1-7. Haron, S., Ahmad, N., & Planisek, S. L. (1994). Bank Patronage Factors of Muslim and Non-Muslim Customers. International Journal of Bank Marketing, 12(1), 32-40. Harun, T. W. (2014). Products' Knowledge among Islamic Banks' Stadd in Alor Setar, Kedah. Universiti Utara Malaysia. Hodgetts, D. F. (2001). Entrepreneurship: A Contemporary Approach. Harcourt College. Ibrahim, Z. (2014, March 16). List Register under Companies Commission of Malaysia. Alor Setar, Kedah, Malaysia. Ismail, A. g. (2010). Money, Islamic Banks and the Real Economy. Singapore: Cengage Learning Asia Pte Ltd. Jamalluddin, H. (2011). Analyst Briefing - Dec 2011. Kuala Lumpur: Bank Islam Malaysia Berhad (BIMB). Kadir, M. (2005) Islamic Financial System: The Malaysia‟s Experience and the Way Forward. Shariah Scholars Dialogue. Kuala Lumpur: Labuan Offshore Financial Services Authority. Khan, H. N., & Asghar, N. (2012). Customer awareness and adoption of Islamic Banking in Pakistan. Interdisciplinary Journal of Contemporary Research in Business, 3(9). Khan, M. S., Hassan, M. K., & Shahid, A. I. (2007). Banking Behavior of Islamic Bank. Journal of Islamic Economics, Banking and Finance, 159-194. Khir, K., Gupta, L., & Shanmuham, B. (2008). Islamic Banking: A Practical Perspective. Selangor: Longman. Kishada, Z. M., & Wahab, N. A. (2013). Factors Affecting Customer Loyalty in Islamic Banking: Evidence from Malaysian Banks. International Journal of Business and Social Science, 4(7). Laldin, M. A. (2008). Islamic financial system: the Malaysian experience and the way forward. Humanomics, 24 (3). Laldin, M. A., & Parid, N. M. (2010). Senario Kewangan dan Perbankan Islam Masa Kini: Prospek, Isu-Isu dan Cabaran. Konvensyen Kewangan dan Perbankan Islam 2010. Lemas, N. (2007). An Introduction to the Theory of Knowledge . Cambridge. Ling, K. L., Ling, K. M., Py, L. S., & Hui, W. Z. (2013). Awareness of Islamic Banking products and services among non-Muslims in Malaysia. Faculty of Business and Finance, Universiti Tunku Abdul Rahman. Lip, E. C. (2005). Awareness, Understanding and Behaviour of Islamic Banking: Result of a Special Study. Institute of Bankers Malaysia (IBBM). Malaysia, B.N. (n.d.). Resolusi Syariah dalam Kewangan Islam. Kuala Lumpur: Bank Negara Malaysia. Menteri, J. P. (1987). Tafsir Pimpinan al-Rahman. Kuala Lumpur: Bahagian Hal Ehwal Islam. Mirakhor, Z. I. (2011). An Introduction to Islamic Finance Theory and Practice. Singapore: John Wiley & Sons (Asia) Pte. Ltd. Moen, J. A., Omar, A. R., Darawi, Z., Hamdan, H., & Ishak, S. (2012). The Practice of Financial Management Among „Asnaf‟ Entrepreneur. Prosiding Persidangan Kebangsaan Ekonomi Malaysia Ke VII 2012, 762-769. Naser, K., & Moutinho, L. (1997). Strategic Marketing Management: The Case of Islamic Banks. International Journal of Bank Marketing 15(6) 187-203. Olaniyi, A. E. (2012). Malaysian consumers‟ preferences for Islamic banking attributes. International Islamic University Malaysia. Osman, M. R., & Ali, H. (2008). Exploring Muslim Entrepreneurs‟ knowledge and usage of Islamic Financing. Seminar Keusahawanan Islam II Peringkat Kebangsaan. Parasuraman, A., Zeithaml, V. A., & L.Berry, L. (1988). SERVQUAL:A Multiple- Item Scale for Measuring Customer Perceptions of Service Quality. Journal of Retailing, 64, 12-40. Rahman, H. Z. (2007, February 22). Differences Between Islamic Banks & Conventional. Retrieved November 28, 2013, from Zaharuddin. Net: http://zaharuddin.net/ senarai-lengkap-artikel/38/297-differences-between-islamic-banks-a-conventional.html. Rustam, S., Bibi, S., Zaman, K., Rustam, A., & Ul-Haq., Z. (2011). Perceptions of Corporate Customers Towars Islamic Banking Products and Services in Pakistan. The Romanian Economic Journal, 107-124. Sarif, S. , & Abdullah, A. S. (2005). Pembangunan Usahawan Muslim Berasaskan Prinsip Islam Hadhari. Seminar Keusahawanan Peringkat Kebangsaan 2005. Sekaran, U. (2003). Research Methods for Business: A Skill Building Approach. Southern Illinois University at Carbondale: John Wiley & Sons, Inc. Shanmugam, B., & Zahari, Z. R. (2009). A Primer on Islamic Finance. United Kingdom: The Research Foundation of CFA Institute. Sheridan J. Coakes, C. O. (2011). SPSS Version 18.0 for Windows: Analysis Without Anguish. Wiley. SME Corp. Malaysia Secretariat to the National SME Development Council. (2013). Guideline for New SME definition. Kuala Lumpur: Bank Negara Malaysia. Zainol, Z., Shaari, R., & Ali, H. M. (2008). A comparative Analysis of Bankers perceptions on Islamic Banking. Zakaria, N. (2010). Teknik Pengumpulan Data dan Rekabentuk Soal Selidik. In N. Zainuddin, B. A.Rahman, A. B. Hamed, T. L. Sam, A. N. Mustapa, N. Zakaria, et al., Penyelidikan Saintifik: Asas dan Aplikasi (pp. 94-116). Malaysia: McGraw Hill Education. Zikmund, W. G. (2002). Business Research Methods 7th Edition. Mason: Dryden Press Harcourt College Publishers.

Similar Items