Exploring Factors that Contribute to Individual Indebtedness among Young Muslims

Zairani Zainol; Zulkiflee Daud; Aini Nur Hajjar Khairol Nizam; Rosemaliza Abd Rashid; Nursiha Alias

Exploring Factors that Contribute to Individual Indebtedness among Young Muslims

Year 2016, Volume: 6 Issue: 7, 320 - 328, 01.10.2016

Zairani Zainol Zulkiflee Daud Aini Nur Hajjar Khairol Nizam Rosemaliza Abd Rashid Nursiha Alias

Abstract

This research was aimed at exploring the factors that contribute to individual indebtedness among young Muslims. A total of 350 questionnaires were distributed to the target group within the age range of 25 and 45 years old who are facing debt problems and undergoing financial counselling from AKPK in the Northern region of Malaysia, which encompasses the states of Perak, Pulau Pinang and Kedah/Perlis. Of the 350 questionnaires distributed, 149 were usable as the level of debt of the respondents was 40% and above of the total monthly income. The results revealed that the factors contribute to individual indebtedness are personality extraversion, personality neuroticism, lifestyle impulsive buying, purchasing for lifestyle, parental guidance, religious practice and religious principal.

Keywords

Individual Indebtedness, Young Muslims, Factors

Year 2016, Volume: 6 Issue: 7, 320 - 328, 01.10.2016

Zairani Zainol Zulkiflee Daud Aini Nur Hajjar Khairol Nizam Rosemaliza Abd Rashid Nursiha Alias

Abstract

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Details

Other ID	JA49YU59DC
Journal Section	Research Article
Authors	Zairani Zainol This is me Zulkiflee Daud This is me Aini Nur Hajjar Khairol Nizam This is me Rosemaliza Abd Rashid This is me Nursiha Alias This is me
Publication Date	October 1, 2016
Published in Issue	Year 2016 Volume: 6 Issue: 7

Cite

APA	Zainol, Z., Daud, Z., Nizam, A. N. H. K., Rashid, R. A., et al. (2016). Exploring Factors that Contribute to Individual Indebtedness among Young Muslims. International Journal of Economics and Financial Issues, 6(7), 320-328.
AMA	Zainol Z, Daud Z, Nizam ANHK, Rashid RA, Alias N. Exploring Factors that Contribute to Individual Indebtedness among Young Muslims. IJEFI. October 2016;6(7):320-328.
Chicago	Zainol, Zairani, Zulkiflee Daud, Aini Nur Hajjar Khairol Nizam, Rosemaliza Abd Rashid, and Nursiha Alias. “Exploring Factors That Contribute to Individual Indebtedness Among Young Muslims”. International Journal of Economics and Financial Issues 6, no. 7 (October 2016): 320-28.
EndNote	Zainol Z, Daud Z, Nizam ANHK, Rashid RA, Alias N (October 1, 2016) Exploring Factors that Contribute to Individual Indebtedness among Young Muslims. International Journal of Economics and Financial Issues 6 7 320–328.
IEEE	Z. Zainol, Z. Daud, A. N. H. K. Nizam, R. A. Rashid, and N. Alias, “Exploring Factors that Contribute to Individual Indebtedness among Young Muslims”, IJEFI, vol. 6, no. 7, pp. 320–328, 2016.
ISNAD	Zainol, Zairani et al. “Exploring Factors That Contribute to Individual Indebtedness Among Young Muslims”. International Journal of Economics and Financial Issues 6/7 (October 2016), 320-328.
JAMA	Zainol Z, Daud Z, Nizam ANHK, Rashid RA, Alias N. Exploring Factors that Contribute to Individual Indebtedness among Young Muslims. IJEFI. 2016;6:320–328.
MLA	Zainol, Zairani et al. “Exploring Factors That Contribute to Individual Indebtedness Among Young Muslims”. International Journal of Economics and Financial Issues, vol. 6, no. 7, 2016, pp. 320-8.
Vancouver	Zainol Z, Daud Z, Nizam ANHK, Rashid RA, Alias N. Exploring Factors that Contribute to Individual Indebtedness among Young Muslims. IJEFI. 2016;6(7):320-8.