Determinant factors of awareness on Islamic financial planning among students

The aim of this study is to assess the relationship between Universiti Utara Malaysia- College Of Business (UUM-COB) postgraduate students' and awareness of Islamic financial planning (IFP). Thus, the purpose of this study is to investigate the relationship between UUM-COB postgraduate student...

Full description

Saved in:

Bibliographic Details
Main Author:	Ahmed, Yousuf Bashe
Format:	Thesis
Language:	eng eng
Published:	2015
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/5017/1/s815502.pdf https://etd.uum.edu.my/5017/7/s815502_abstract.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-uum-etd.5017
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Ab Rashid, Rosemaliza
topic	HG Finance
spellingShingle	HG Finance Ahmed, Yousuf Bashe Determinant factors of awareness on Islamic financial planning among students
description	The aim of this study is to assess the relationship between Universiti Utara Malaysia- College Of Business (UUM-COB) postgraduate students' and awareness of Islamic financial planning (IFP). Thus, the purpose of this study is to investigate the relationship between UUM-COB postgraduate students religiosity, social influence, financial satisfaction, attitude, and awareness of IFP. The findings indicated a positive relationship between religiosity, social influence and attitude with IFP. The independent variables were suitable to test the dependent variable while, financial satisfaction showed an insignificant relationship with the dependent variable. This study was conducted among UUM-COB postgraduate students for several reasons; firstly to create awareness of IFP among postgraduate students by distributing questionnaire and spreading information and secondly, the research will contribute interms of practical implications help academicians and financial planners to validate the framework of this study that have impact on the financial planning especially Islamic financial planning. And it would provide a knowledge to fellow Muslims and lastly it would influence Malaysian government and other Muslim countries to be alert the need of IFP
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Ahmed, Yousuf Bashe
author_facet	Ahmed, Yousuf Bashe
author_sort	Ahmed, Yousuf Bashe
title	Determinant factors of awareness on Islamic financial planning among students
title_short	Determinant factors of awareness on Islamic financial planning among students
title_full	Determinant factors of awareness on Islamic financial planning among students
title_fullStr	Determinant factors of awareness on Islamic financial planning among students
title_full_unstemmed	Determinant factors of awareness on Islamic financial planning among students
title_sort	determinant factors of awareness on islamic financial planning among students
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2015
url	https://etd.uum.edu.my/5017/1/s815502.pdf https://etd.uum.edu.my/5017/7/s815502_abstract.pdf
_version_	1747827846280118272
spelling	my-uum-etd.50172021-03-18T03:07:15Z Determinant factors of awareness on Islamic financial planning among students 2015 Ahmed, Yousuf Bashe Ab Rashid, Rosemaliza Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The aim of this study is to assess the relationship between Universiti Utara Malaysia- College Of Business (UUM-COB) postgraduate students' and awareness of Islamic financial planning (IFP). Thus, the purpose of this study is to investigate the relationship between UUM-COB postgraduate students religiosity, social influence, financial satisfaction, attitude, and awareness of IFP. The findings indicated a positive relationship between religiosity, social influence and attitude with IFP. The independent variables were suitable to test the dependent variable while, financial satisfaction showed an insignificant relationship with the dependent variable. This study was conducted among UUM-COB postgraduate students for several reasons; firstly to create awareness of IFP among postgraduate students by distributing questionnaire and spreading information and secondly, the research will contribute interms of practical implications help academicians and financial planners to validate the framework of this study that have impact on the financial planning especially Islamic financial planning. And it would provide a knowledge to fellow Muslims and lastly it would influence Malaysian government and other Muslim countries to be alert the need of IFP 2015 Thesis https://etd.uum.edu.my/5017/ https://etd.uum.edu.my/5017/1/s815502.pdf text eng public https://etd.uum.edu.my/5017/7/s815502_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abdullah, A., & Muhammad, J. (2013). Ethical Values in Islamic Financial Planning. Jurnal Pengurusan, 38. Aghion, P. M. Braun and J. Fedderke, (2006), Competition and productivity growth in South Africa Center for International Development at Harvard University. Ahmad, M. A. H. A. D. Z. I. R. (2010). Why Islamic Financial Literacy Is Important. Personal Money. March. Ajzen, I. and Fishbein, M, (1980),Understanding Attitudes and Predicting Social Behavior, Prentice-Hall, Englewood ClifSs, NJ, Ali, A., Rahman, M. S., & Bakar, A. (2013). Financial Literacy and Satisfaction in Malaysia: A Pilot Study. International Journal of Trade, Economics and Finance, 4(5), 319. Ali, S. H. (2012). An Exciting Year Ahead. 4E Journal, Vol. 15, No. 1, lQ2015, 26. Retrieved from http://www.fpam.org.my/fpam/wpcontent/uploads/ 2011/07/4EJ-1Q15-Web.pdf. Al-Khadimi, Nur al-Din Mukhtar.1998. al-ljfihad al-Maqasidi. Qatar. Al-Misawi, Muhammad al-Tahir. 1998. Ibn Ashur Wa Kitabuhu Maqasid al-Syaricah al-Islamtafliliah. Malaysia: al-Basya 'ir Li al-Intaj al-Ilmi. Al-Qaradawi, Yusuf. 1990. Madkhal Li Dirasah al-Sharicah al- Islamtafliliah. Cairo: Maktabah Wahbah. Al-Qaradawi, Yusuf. 1992. al-Marjiciyyah al-Ulya Fi al-Islam Li al-Qur'an Wa al- Sunnah. Cairo: Maktabah Wahbah. Al-Qaradawi, Yusuf. 1995. al-Fatwa Bayna al-Indibab a al-Tasayyub. Beirut: almaktab al- Islamiyy. Al-Qaradawi, Yusuf. 1996. al-Ijtihad Fi al-Shariah al-Islamtafliliah. Cet. 1. Kuwayt: Dar al-Qalam. Al-Qaradawi, Yusuf. 2004. Khitabuna al-Islami Fi Asri al-Awlamah. Cairo: Dar al-Shuruq. Al-Qarni, clwad bin Muhammad. 1419H. al-Mukhtasar al-Wajiz Fi Maqasid al- Tasyric, Jeddah: Dur al- Andalus al-Khadra' Al-Raysuni, Ahmad. 1992. Nazartafliliat al-Maqasid Inda al-Imam al-Shatibi. Beirut: al-Machad alc Alaini Li al-Fikl-al-Islami. Amin, H. (2007), Extending TAM to SMS banking: analyzing the gender gap among students, International Journal of Business and Society, 8(1), 24-45. Amin, H. (2008), Choice criteria for Islamic home financing: empirical investigation among Malaysian bank customers, International Journal of Housing Markets and Analysis, 1 (3), 256-74. Amin, H., Rahman, A.A.R., Jr, S.L.S. and Hwa, A.M.C. (2011), Determinants of customers" intention to use Islamic personal Financing, Journal of Islamic Accounting and Business Research, 2 (1), 22-42. Ansong, A., & Gyensare, M. A. (2012). Determinants of university working students' financial literacy at the University of Cape Coast, Ghana. International Journal of Business and Management, 7(9), pl26. Ashur, I. (2006). Treatise in Maqasid al-Shariah. Translated and annotated by Muhammad El Uehir El-Misawi. Ashur, I. (2006). Treatise on Mayasid A1 sharialz, translated from the arabic and annotated by Mohamed El Talzir El Mesawi. London and Washington:The Internation Institute of Islamic Thought. Asmadi, A. P. (2012). maqasid shari'ah and its implementation in Islamic banking. publisher Universiti Utara Malaysia 1-2. Awdah, Jasir .2007. Maqasid al-Sharicah clnda al-Shaykh al-Qaradawi. Paper Work Multaqa al-Imam al-Qaradawi Maca al-Ashab Wa al-Talamiz. Hotel Ridest Carlton. 14-16 Julai. Awdah. Jasir. 2006. Fiqh al-Maqasid Inatah al-Ahkam al-Sharitafliliat Bi Maqasidiha. USA: Al- Machad al-cAlami al-Islami. Bashir, T., Arshad, A., Nazeer, A., & Afzal, N. (2013). Financial Literacy and Influence of Psychosocial Factors. European Scientific Journal. 9(28), pp. 384-404. Behrens, R. H. (1992). Commercial Loan Officer's Handbook. Japan: Bankers Publishing Company, Toppan Company, Limited. Bhatti, W. A., Hee, H. C., & Sundram, V. P. K. 2012) A Guide for Beginners: Data Analysis Using Spss and Amos, Kuala Lumpur: Pearson Malaysia Sdn. Bhd. Billah, P. D. (2005). Islamic financial planning. journal of Islamic banking and finance, 22(3), 69-84. doi: http://lib.iium.edu.my/mom2/cm/content/view /view.jsp?key=JslecEDjNIqgUslt98jbScQ1cNs4Wd4f 20091221105436171. Bramson, T. D. (2004). Real Life Financial Planning. Brantley Oaks Drive: Aspatore Books. Retrieved from http://www.toddbramson.com/biography.php. Brennan, C. and Ritters, K. (2004), Consumer education in the UK: new developments in policy, strategy and implementation. International Journal of Consumer Studies, 28: 97-107. Cheah, E., Wong, B.C., Sito, A. and Devadasan, R. (2000), Financial freedom. Ma1aysia: KL Mutual Fund Berhad. Chen, H., & Volpe, R. P. (1998). An analysis of personal financial literacy among college students. Financial services review, 7(2), 107-128. Cho, S. H. (2009). Role of saving goals in savings behavior: regulatory focus approach (Doctoral dissertation, The Ohio State University). Choi, J. J., Laibson, D. I., & Madrian, B. C. (2005). Are empowerment and education enough? Underdiversification in 401 (k) plans. Brookings papers on economic activity, 2005 (2), 151-213. Chow, P. (2014). CFO Professionals and the CMSPL. 4E Journal, 16, 31. Retrieved from http://fpam.org.my/fpam/ wpcontent/uploads/4EJ/4EJ4Q14.pdf. Chuah, J. (2014). How I started as a Financial Planner. 14, 9. Retrieved from http://www.fpam.org.my/ fpam/wpcontent/uploads/4EJ/4E%20Journal%201H14. pdf. Coakes, S. J. & Steed, L. G. (2007), SPSS: Analysis without anguish: version 14.0 for Windows. Brisbane: John Wiley & Sons Australia Ltd. Coakes, S. J. (2011). SPSS: Analysis without anguish: Version 18.0 for windows. 42 McDougall Street, Milton, Qld 4064: John Wiley & Sons Australia, Ltd. Cynamon, B. Z., & Fazzari, S. M. (2008). Household debt in the consumer age: Source of growth--risk of collapse. Capitalism and Society, 3(2). Dillon, A., & Morris, M. G. (1996). User acceptance of new information technology: theories and models. Annual review of information science and technology. Dusuki, W.A. & Abdullah, N.I. (2011). Fundamentals of Islamic Banking. Kuala Lumpur: Islamic Banking and Finance Institute Malaysia (IBFIM). Erol, C and El-Bdour R (1989). "Attitudes, Behaviour and Patronage Factors of Bank Customers Towards Islamic Banks." International Journal of Bank Marketing 7(6): 31-37. Falahati, L., & Paim, L. (2011). Gender differences in financial well-being among college students. Australian Journal of Basic and Applied Sciences, 5(9), 1765-1776. Falahati, L., Sabri, M. F., & Paim, L. H. (2012). Assessment a model of Financial Satisfaction Predictors: Examining the Mediate Effect of Financial Behavior and Financial Strain. World Applied Sciences Journal, 20(2), 190-197. Fauziah, Taib, M., Ramayah, T., & Abdul Razak, D. (2008). Factors influencing intention to use diminishing partnership home financing. Intel-national Journal of Islamic and Middle Eastern Finance and Management, 1(3), 235-248. Fishbein, M., & Ajzen, I. (1975). Belief attitude, intention and behavior: An introduction to theory and research. George D & Mallery P (2003) SPSS for windows step by step: A sample Guide & reference Boston; Allyn & Bacon. Gina A.N. Chowa, M. D.-A. (2012). Financial Knowledge and Attitudes of Youth in Ghana. Youthsave Research Brief, 1-3. Gitman, L. J., Juchau, R., & Flanagan, J. (2010). Principles of managerial finance. Pearson Higher Education AU. Gliner, J.A., Morgan, G.A. & Leech, N.L. (2009), Research Method in Applied Setting: An Integrated Approach to Design and Analysis. New York: Taylor &Francis Group, LLC. Gopi, M. and Ramayah, T. (2007), Applicability of theory of planned behavior in predicting intention to trade online: some evidence from a developing country, International Journal of Emerging Markets, 2 (4), 348-60. Grable, J. E., & Joo, S. H. (2004). Environmental and Biophysical Factors Associated with Financial Risk Tolerance. Journal of Financial Counseling and Planning, 15(1). Groppelli, A. A., & Nikbakht, E. (2000). Finance (4* Ed.). Hauppauge, New York: Barron's. Gutierrez, H. C. & Hershey, D. A. (2011, November). Expectations of satisfaction with life in retirement, Poster presented at the 64th meeting of the Gerontological Society of America. Boston, MA. Habbershon, T. G., Williams, M. L., & MacMillan, I. C. (2003), A unified system perspective of family firm performance,Journal of Business Venturing, 18, 451-465, Hair, J. F., Jr, Babin, B., Money, A. H. & Samouel, P. (2003), Essential of business research methods. John Wiley & Sons: United States of America. Hair, J.F., Anderson, R.E., Tatham, R.L. & Black, W.C. (1998), Multivariate Data Analysis. New Jersey: Prentice-Hall, Inc. Hair, J.F., Money, A.H., Samouel, P. & Page, M. (2007), Research Methods for Business. London: John Wiley & Sons Ltd. Haron, S, Ahmad N and Planisek S (1994). "Bank Patronage Factors of Muslim and Non-Muslim Customers." International Journal of Bank Marketing 12(1): 32-40. Hartarska, Valentina, and Claudio Gonzalez-Vega. 2005. Credit Counseling and Mortgage Termination by Low-Income Households. Journal of Real Estate Finance and Economics, 30 (3): 227-243. Hassan, A. A. (2014). Business Sustainability of Family Enterprises. 4E Journal, 16, 11. Retrieved from http://fpam.org. my/fpam/wpcontent/uploads/4EJ/4EJ4Q14.pdf. Hayhoe, C. R., Leach, L., & Turner, P. R. (1999). Discriminating the number of credit cards held by college students using credit and money attitudes. Journal of Economic Psychology, 20(6), 643-656. Hershey, D. A., Henkens, K., & Van Dalen, H. P. (2010). Aging and financial planning for retirement: Interdisciplinary influences viewed through a cross-cultural lens. The International Journal of Aging and Human Development, 70(1), 1-38. Hess, D. W. (2012). The Impact of Religiosity on Personal Financial Decisions. Journal of Religion and Society, Vol. 14. Hilary, G., & Hui, K. W. (2009). Does religion matter in corporate decision making in America?. Journal of Financial Economics, 93(3), 455-473. Hilgert MA, Hogarth JM (2003). Household Financial Management: The Connection between Knowledge and Behavior. Federal Reserve Bull., 309-322. Hira TK (1997). Financial attitudes, beliefs and behaviors: Differences by age. J. Consum. Stud. Home Econ., 21 : 271-290. Hong, C. W. (2013, december). Taking It to the Market. (S. K. Poh, Interviewer). Hui, M. (2003). Ensuring fitness of Wealth Management. Bizweek, 1. Jariah, M., Husniyah, A. R., Laily, P., & Britt, S. (2004). Financial behavior and problems among university students: Need for financial education. Journal of personal finance, 3(1), 82-96. Ibn Qayyim al-Jawziyyah, Abu Bakar. 1996. Iclam al-Muwaqqicin. vol. 3 Beirut: Dar al-Kutub alc Ilmiyyah. Irving, K. (2012). The financial life well lived psychological benefits of financial planning. Australian Accounting business and Finance Journal, 2. Ismail, A. (2011). The ageing phenomenon in Malaysia. 4E Journal, 10(3), 38. Retrieved from http://www.fpam.org.my/fpam/wp- content/uploads/2008/09/4EJ3Q1O.pdf. Isra. (2012). Islamic Financial System Principles & Operations. Kuala Lumpur: Isra. Keller, T. P. (2010). The Six Sigma Handbook A Complete Guide For Green Belts, Black Belts, And Managers At All Levels. New York Chicago San Francisco: The Mcgraw-Hill Companies, Inc. Koposko, J. L. (2010). parental and social influences on understanding of financial planning for retirement. California: California University of Pennsylvania. Lahsasna, Ahcene. (2011, 96). Towards an Islan7ic Financial Planning Designed for Individual. Retrieved 03 21, 2015, from www.inceif.org/blog/?p=216: http://www.inceif.org/blog/?p=216. Lee, L. (2011). Are we ready. 4E Journal, 11(3), 31. Retrieved from http://www.fpam.org.my/fpam/wp-content/uploads/2012/02/4EJ-3Q11.pdf. Lehrer, E. 2004. Religion as a Determinant of Economic and Demographic Behavior in the United States. Population and Development Review 30(4): 707-726. Leskinen J, Raijas A (2006). Consumer financial capability - a life cycle approach. In European Credit Research Institute (Ed.), Consumer Financial Capability: Empowering European Consumers: Brussels: The European Credit Research Institute (ECRI), 8-23. Llewellyn, T. R. (2012). Financial Literacy of College Students and the Need for Compulsory Financial Education. New York: 24. Low, P. H. (2014, july-september). Towards New Paradigm. (Steven K C Poh, Interviewer). Lown, J. M. & Ju, I. S. (1992). A model of credit use and financial satisfaction. Financial Counseling and Planning, 3, 105-124. Lusardi, A. (2008). Household saving behavior: the role of financial literacy, information, and financial education programs. nber working paper series, 13. Masud J, Husniyah AR, Laily P, Britt S (2004). Financial Behavior and Problems among University Students: Need for Financial Eduaction. J. Pers. Financ., 3(1): 82-96. McGarvey, C. (2014). Why Financial Planning Needs More Religion. Everyday Money financial planning. McLellan, A. (2012). Foundations Of Financial Planning:. The American College Press, 31. Metawa, S and Almossawi M (1998). "Banking Behaviour of Islamic Bank Customers: Perspectives and Implications." International Journal of Bank Marketing 16(7): 299-315. Metwally, M (1996). "Attitudes of Muslims Towards Islamic Banks in a Dual-Banking System " American Journal of Islamic Finance 6: 11-17. Murphy, J. L. (2013). Psychosocial Factors and Financial Literacy. Social Security Bulletin, Vol. 73. Nabil, N. (2015). Conference, Ibfim Partners Fpam To Organise The 2nd Islamic Financial Planning & Wealth Management. (p. 1). Kuala Lumpur: Islamic Banking and Finance Institute Malaysia (IBFIM). Retrieved 04 04, 2015, from http://mrem.bernama.com/viewsm.php? idm=19501. Nash, J. (2011). Adult financial literacy in australia. The Social Research Centre, 1-2. Navlakhi, L. (2014). How to Convert a "No Entry" Sign to Your Advantage:The India Story. 4E Journal, 12. Noh, S. M. (2014). Why the Islamic Financial Planner Certification? 4E Journal, 15(2), 11. Retrieved from http://www.fpam.org.my/fpam/wpcontent/ uploads/4EJ/4EJ3Q14Web.pdf. Norvilitis JM, Merwin MM, Osberg TM, Roehling PV, Young P, Kamas MM (2006). Personality Factors, Money Attitudes, Financial Knowledge, and Credit-Card Debt in College Students, J. Appl. Soc. Psychol., 36(6): 1395-1413. Norvilitis, J. M., & Maria, P. S. (2002). Credit card debt on college campuses: Causes, consequences and solutions. College Student Journal, 36(3), 357- 364. Puneet Bhushan, Y. M. (2013). Financial Literacy and its Determinants. International Journal of Engineering, Business and Enterprise Applications (IJEBEA), 158. Pyromalis, V.D. & Vozikis, G.S. (2009). Mapping the Successful Succession Process in Family Firms: Evidence from Greece, International Entrepreneurship and Management Journal, 5(4), 439-460. Renneboog, L., & Spaenjers, C. (2009). Where angels fear to trade: The role of religion in household finance. Tilburg University. Sabri, M. F., Othman, M. A., Masud, J., Paim, L., MacDonald, M., & K Hira, T. (2008). Financial behavior and problems among college students in Malaysia: Research and education implication. Consumer Interests Annual, 54, 167-170. Sapora Sipon. (2000). Managing a Fire Disaster: The Kawang Experience. (Working paper 2000, 17-20). Universiti Utara Malaysia at City Bay View Hotel, Kuah, Langkawi, Malaysia. Sarasin. (2011). Islamic Wealth Management Report. Switzerland: Climateneutral. Scheresberg, C.D.B (2013). Financial Literacy and Financial Behavior among Young Adults: Evidence and Implications, Numeracy, 6(2). Schreiner, M., & Sherraden, M. W. (2007). Can the poor save?: saving & asset building in individual development accounts. Transaction Publishers. Sekaran, U. (2003), Research Methods for Business: A Skill Building Approach, 4th ed., Wiley, New York, NY. Sekaran, U., & Bougie, R. (2013). Research Methods for Business: A skillbuilding Approach; Sixth Edition. The Atrium, Soutern Gate, Chichester, West Sussex, PO 98SQ, United Kingdom: John Wiley & Sons Ltd. Shaari, N.A., Hasan, N. A., Mohamed, R.K.M.H. & Sabri, M.A.J.M. (2013). Financial Literacy: A Study Among The University Students. Interdisciplinary Journal of Contemporary Research In Business. 5(2), pp. 279-299. Shu, T., Sulaeman, J., & Yeung, P. E. (2012). Local religious beliefs and mutual fund risk-taking behaviors. Management Science, 58(10), 1779-1796. Shukor, S. A., & Jamal, A. (2013). Developing Scales for Measuring Religiosity in the Context of Consumer Research. Middle-East Journal of Scientific Research 13 (Research in Contemporary Islamic Finance and Wealth Management), pp. 69-74. Siddidi, M. Nejatullah (2004), Riba, Bank Interest and the Rationale of its Prohibition, Visiting Scholars' Research Series No.2, Islamic Research and Training Institute, Islamic Development Bank, Jeddah. Sulaiman, M. (2003), The influence of riba and zakat on Islamic accounting, Indonesia Management and Accounting Review, 2 (2), 149-67. Sulaiman, R. (2011). Realising Maqasid Al-Shariah in Islamic Financial Planning. The 4E Journal Vol. 11, No. 1, lQ 2011, 13-17. Taylor, S. & Todd, P.A. (1995). Understanding Information Technology Usage: A Test of Computing Models, Information System Research, 6 (2), 144-76. Tennyson, S., & Nguyen, C. (2001). State cuniculum mandates and student knowledge of personal finance. Journal of Consumer Affairs, 35 (2), 241-262. Varcoe, K. P., Martin, A,, Devitto, Z., & Go, C. (2005). Using a financial education curriculum for teens. Journal of Financial Counseling and Planning, 16(1). Venkatesh, V. and Davis, F.D. (2000), A theoretical extension of the technology acceptance model: four longitudinal field studies, Management Science, 46, 186-204. Wahab, A. A. (2014). A Review of Islamic Financial Planning Process in Oman and Nigeria. International Journal of Management Sciences, 384. Wong, D. (2015, 4 22). Where talent harnessing is key. (S. K. Poh, Interviewer) Zutphen, N. V. (2010). A Visual Aid for Successful Financial Planning: The Happiness Risk/Reward Pyramid. 4E Journal, 44.

Determinant factors of awareness on Islamic financial planning among students

Similar Items