Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia

Volume: 6 Number: 7 October 1, 2016
  • Selamah Maamor
  • Nurul Labanihuda Abdull Rahman
  • Abu Bakar Hamed
EN

Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia

Abstract

Recently, affordability of housing in Malaysia has becoming crucial issue especially in big cities due to economic growth and high living cost. Hence, these studies aim to investigate the factors that influence customer in Kuala Lumpur in selecting Islamic home financing product. In this study, we assume the factors that will influence customer selection for Islamic home financing are attitude, subjective norms, pricing, religious obligation, government intervention and service provision. This study used samples of 150 respondents who had an experiences purchasing house in Kuala Lumpur. This study employed Pearson Correlation and Multiple Regression method to achieve the objective. Finding shows that there is a significant relationship between attitude, religious obligation, and service provision towards Islamic homes financing selection. Therefore, it is recommend that the Islamic financial provider to improve several factors is including but not limited to marketing, operation and customer service in order to attract customers to purchase Islamic home financing product. Most importantly, all the products offered must in line with Shariah in terms of the content of the product, the contract and also the way it is delivered to the customer.

Keywords

Details

Primary Language

English

Subjects

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Journal Section

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Authors

Selamah Maamor This is me

Nurul Labanihuda Abdull Rahman This is me

Abu Bakar Hamed This is me

Publication Date

October 1, 2016

Submission Date

October 1, 2016

Acceptance Date

-

Published in Issue

Year 2016 Volume: 6 Number: 7

APA
Maamor, S., Rahman, N. L. A., & Hamed, A. B. (2016). Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia. International Journal of Economics and Financial Issues, 6(7), 197-201. https://izlik.org/JA42UR37EM
AMA
1.Maamor S, Rahman NLA, Hamed AB. Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia. IJEFI. 2016;6(7):197-201. https://izlik.org/JA42UR37EM
Chicago
Maamor, Selamah, Nurul Labanihuda Abdull Rahman, and Abu Bakar Hamed. 2016. “Determinants of Islamic Home Financing Product Selection Among Lower Income Group in Kuala Lumpur, Malaysia”. International Journal of Economics and Financial Issues 6 (7): 197-201. https://izlik.org/JA42UR37EM.
EndNote
Maamor S, Rahman NLA, Hamed AB (October 1, 2016) Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia. International Journal of Economics and Financial Issues 6 7 197–201.
IEEE
[1]S. Maamor, N. L. A. Rahman, and A. B. Hamed, “Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia”, IJEFI, vol. 6, no. 7, pp. 197–201, Oct. 2016, [Online]. Available: https://izlik.org/JA42UR37EM
ISNAD
Maamor, Selamah - Rahman, Nurul Labanihuda Abdull - Hamed, Abu Bakar. “Determinants of Islamic Home Financing Product Selection Among Lower Income Group in Kuala Lumpur, Malaysia”. International Journal of Economics and Financial Issues 6/7 (October 1, 2016): 197-201. https://izlik.org/JA42UR37EM.
JAMA
1.Maamor S, Rahman NLA, Hamed AB. Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia. IJEFI. 2016;6:197–201.
MLA
Maamor, Selamah, et al. “Determinants of Islamic Home Financing Product Selection Among Lower Income Group in Kuala Lumpur, Malaysia”. International Journal of Economics and Financial Issues, vol. 6, no. 7, Oct. 2016, pp. 197-01, https://izlik.org/JA42UR37EM.
Vancouver
1.Selamah Maamor, Nurul Labanihuda Abdull Rahman, Abu Bakar Hamed. Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia. IJEFI [Internet]. 2016 Oct. 1;6(7):197-201. Available from: https://izlik.org/JA42UR37EM