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

Year 2016, Volume: 6 Issue: 7, 197 - 201, 01.10.2016

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.

Year 2016, Volume: 6 Issue: 7, 197 - 201, 01.10.2016

Abstract

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Details

Other ID JA64HE28KT
Journal Section Research Article
Authors

Selamah Maamor This is me

Nurul Labanihuda Abdull Rahman This is me

Abu Bakar Hamed This is me

Publication Date October 1, 2016
Published in Issue Year 2016 Volume: 6 Issue: 7

Cite

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.
AMA Maamor S, Rahman NLA, Hamed AB. Determinants of Islamic Home Financing Product Selection among Lower Income Group in Kuala Lumpur, Malaysia. IJEFI. October 2016;6(7):197-201.
Chicago Maamor, Selamah, Nurul Labanihuda Abdull Rahman, and Abu Bakar Hamed. “Determinants of Islamic Home Financing Product Selection Among Lower Income Group in Kuala Lumpur, Malaysia”. International Journal of Economics and Financial Issues 6, no. 7 (October 2016): 197-201.
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 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, 2016.
ISNAD 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 6/7 (October 2016), 197-201.
JAMA 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, 2016, pp. 197-01.
Vancouver 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.