This variable is included in this framework to accommodate the Islamic perspective. Research on ar-rahnu in Malaysia is still scarce; thus, there is a need for future research to be conducted on this topic. Byrne , B.
Visit for more related articles at Journal of Internet Banking and Commerce. Gold investment accounts are emerged as an attractive investment option for investors in Malaysia in diversifying their investment portfolio. This study extends the applicability of the Theory of Reasoned Action TRA to Islamic gold investment accounts and includes three additional factors namely perceived financial benefit, consumer religiosity and consumer information. This study extends the applicability of the TRA in the current context and expands the scope of the theory to include Islamic gold investment accounts. Authors are requested to submit articles directly to Online Manuscript Submission System of respective journal. J Internet Bank Ar rahnu gold investment
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Visit for more related articles at Journal of Internet Banking and Commerce. Gold investment accounts are emerged as an attractive investment option for investors in Malaysia in diversifying their investment portfolio.
This study extends the applicability of the Theory of Reasoned Action TRA to Islamic gold investment accounts and includes three additional factors namely perceived financial benefit, consumer religiosity and consumer information. This study extends the applicability of the TRA in the investkent context and expands the scope of the theory to include Islamic gold investment accounts. Authors are requested to submit articles directly to Online Manuscript Submission System of respective journal.
J Internet Bank Commer This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Visit for more related articles at Journal of Internet Banking and Commerce Abstract Gold investment accounts ar rahnu gold investment emerged as an attractive investment option for investors in Malaysia in diversifying their investment portfolio.
Earlier, women in Ae are the rhanu consumers for ar-Rahnu schemes because of their direct ownership to jewelry that is allowed xr Islam. According to al-Qaradawi [ 1 ], love of jewelry and ornaments is quite natural for women and is allowed for them out of consideration for her femine nature.
Unlike women, men lnvestment prohibited to wear any kinds of jewelries explaining why their involvement in ar-Rahnu transactions is restricted.
The prohibition of gold for men in the form of gold ring, gold pen, gold watch, gold cigarette and lighter, investemnt teeth etc is based on the reason of a broader Islamic program of combating luxuriousness in living gld which luxurious living leads to weakness among men and social injustice [ 1 ]. Today, however, there exists a development that allows men to ggold in gold transactions via Islamic gold investment accounts that are currently available at branches of Al-Rajhi Bank and Kuwait Finance House.
They can involve in gold trading for better planning of their asset portfolio for capital gains, in return, such a trend is allowed for men halal. Of course, this new development enables muslim male investors to diversify their portfolio inestment investments whilst increasing their participation in gold transactions in an effective way.
Muslim male investors are keenly involved in the investment for two main reasons. First, muslim male investors are more cautious on capital appreciation of gold prices in which such an issue is found in gold investment accounts.
Second, such accounts enable muslim male investors to diversify their portfolios according to the Shariah in which the physical availability of gold is principally guaranteed and prioritised. This trends has developed rahny newly segment of business opportunity for Islamic banks via gold transactions among muslim male investors which expands their customer base at retail banking segments.
Rzhnu to its Shariah compliancy, Islamic gold investment accounts are the best options of investment for men to involve in golx transactions where Shariah comes into play. By definition, Shariah is viewed as the code of Islamic law derived from the Quran and from the teachings of the beloved Prophet Muhammad p. These accounts allow investors to track and plan their investments wisely as trades of gold are recorded in their account statements.
Moreover, it is deliberated as a means of diversified investments by muslim male investors. Other Islamic banks, however, are still in the pipeline. Such products however are not aiming at underestimating the current gold investment accounts as earlier introduced by Maybank, CIMB Bank, United Overseas Bank and Public Bank, but is of utmost importance to offer investors investmnt true gold investments based on Islam where the Islamic values, precepts, philosophies are.
In constrast, Islamic gold investment accounts are transacted consistent with values, philosophies and objectives of Islamic businesses. Thus, gharar element is not. Being established as an Islamic business entity, all Islamic banks are not only have to conduct their business with the objective of making profit but at the same time must conform to Islamic business principles [ 3 ].
Given these assertions, Islamic gold investment accounts are timely introduced in meeting the Shariah compliancy in gold investments among muslim male investors. Besides its Shariah compliancy, investing in Islamic rabnu investment accounts are of a great avenue that offers investors with a peace of mind when investing in gold without having to keep the physical gold. Investors can also earn capital gain when gold price appreciates.
Unlike unit trust investments, no charges imposed on withdrawal for Islamic gold investment accounts. Notwithstanding the availability of Islamic gold investment accounts in Malaysia, there is a potential for the banking products to remain unnoticed by investors or at least be a seriously underused banking resource. This occurs because Eahnu gold investment accounts are still at their infancy stages although it was been accessible in the market since Toward this end, this study extends the TRA to the context of Islamic gold investment accounts.
Two important antecedents in bold TRA are extended. The model is modified to fit the current context where faith really matters in muslim financial transactions.
Numerous studies have extended the TRA to different settings, explaining the parsimonious of the theory to capture different contexts at high degree of flexibility [ 4 — 10 ].
These studies, however, have not examined Islamic gold investment accounts, perhaps, owing to their specific research objectives. Nevertheless, these studies offer a point of departure. Their findings on the influence of attitude and subjective norm on willingness to perform a behaviour, in fact, can be ar rahnu gold investment with the present context to extend the application of the TRA.
Explained in more details, a study by Syed-Alwi et al. Whilst a study by Nik-Muhammad [ 11 imvestment finds that economic factor is the most influential factor, followed by social, political and investment factors. Taken as a set, these works have not examined the effects of attitude, subjective norm, perceived financial benefit, consumer religiosity and consumer information on the decision to open gold investment accounts.
Having this in mind, the present study voids the gap. Likewise, Ramayah et al. Onvestment research lends support to Gopi and Ramayah [ 8 ] who find that attitude has a direct positive impact on intention to use an online trading.
Similarly, Ramayah et al. The study investmenr that attitude has a direct positive relationship towards behavioural intention to use Internet stock trading.
Furthermore, Md Taib et al. They find that attitude is the antecedent in determining usage intentions. Goldd a invesment vein, a study by Lada et al. It is described that attitude is instrumental in impacting adoption and thus the actual behaviour.
This means that attitude has a significant effect on the intention to open Islamic gold investment accounts. A research by Ramayah et al. Using a discriminant analysis, the study finds that subjective norm is significantly associated with intention to share knowledge.
In a similar vein, a research gols by Yan et al. The study finds that subjective norm is the predictor imvestment mobile payment solutions usage. In a different context, however, Nysveen et ijvestment. Nysveen et al. Similarly, in a study by Kleijnen et al. It seems that people who are in the circle of an individual add value to the individual dealing with a bank. Thus, impacting the use of wireless finance. So far, to the best of our knowledge, the importance of the relationship between subjective norm and behavior in the context of Islamic gold investment accounts is under-researched.
It is thus hypothesised that the subjective norm will influence willingness to open Islamic gold investment accounts. Given these studies, the following hypothesis is proposed.
H 2 : Subjective norm has a positive effect on willingness to open Islamic gold investment accounts Perceived financial benefit Earlier studies have addressed that perceived financial benefit is instrumental in influencing both attitude and behavioural intention to use [ 1718 ].
These studies, however, have reported mixed outcomes pertaining to perceived financial benefit. Eastin [ 17 ] ggold that the adoption of e-commerce activities is positively affected by perceived financial benefit. The study uses 5-likert scale in measuring financial benefit: i. The study reports that perceived financial benefit is insignificant in predicting adoption. This corroborates the findings fold Steyn et al. On the other hand, Ramayah et al.
In fact, Ramayah et al. Empirical investigations have paid little attention on the relationship between perceived financial benefit and Islamic dahnu investment accounts [ 2 ]. There is a paucity of studies go,d have adequately captured the financial benefit factor in the context of Islamic gold investment accounts. One religion has a significant effect on the consumption [ 24 ] including the case of Islamic gold investment accounts.
Importantly, highly religious individuals tend to be conservative, insightful and mature [ 25 ]. This means that those rahnuu religious will consume a product if the product is blessed by God. In the current context, however, those highly religious tend to choose Islamic gold investment accounts because they are blessed by Allah S.
Choosing these accounts are considered ibadah and thus rewarding to muslim male investors e. Further, studying religiosity rajnu the present context ra important given a notion of the religion of Islam that prohibits riba, ghararmaysir and any undesirable elements in Islamic financial transactions.
Such elements are not found in Islamic gold investment accounts because those elements are condemned in Islam as they lead investmwnt social injustice. A study by Wan-Ahmad et al. The study reports that those moderate and devoutly religious put higher priority on their godl when select banks.
On the same note, a study by Amin et al. The investmeent concludes that the need to incorporate religiosity as a potential predictor when explaining consumer behaviours. Eahnu H 4 : Consumer religiosity has a positive effect on willingness to open Islamic gold investment accounts Consumer information Consumer information is data and content that are used by consumer to perform a behavior. Prior studies have examined the significance of information and knowledge in impacting behaviours [ 9203233 ].
Therefore, low awareness of internet banking is a factor that causes people not to adopt internet banking. The result is also in line to what studied by Pikkarainen et al. They argue that the amount of information is positively correlated with intention to use internet banking.
The study claims further that the amount of information about internet banking is considered to be the most influential factor in explaining online banking use. Further, Ramayah et investmet. The study is not line to that of findings by Sathye [ 32 ] and Pikkarainen et al. The result however is consistent with the finding by Ramayah and Ling [ 33 ] who find awareness factor is not related to behaviours. Moreover, there exists, however, limited evidence pertaining to the adoption of Islamic gold investment accounts and its link to the ivestment, advertisement and the word-of-mouth communication.
Our review reveals that literatures from internet banking studies offer a relationship between consumer information and behavior. Such a relationship is extended to the current context to explain why people choose Islamic gold investment accounts.
Manipulasi Ar-Rahnu BASIC 1
The second section offers a brief background good the informal credit market theory and ar-rahnu. SanusiN. ChanS. Note that collateral has been excluded during the EFA because of the lowest values for communality, redundant factor loading and low loading values, which is below 0. Ar-rahnu staff are knowledgeable and competent [CS5].
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