Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior
This study examines the intention of Indonesian Middle of Pyramid (MOP) and Botton of Pyramid (BOP) and their intention to participate in microtakaful products. The study develops an extended theory of planned behavior (TPB) model and uses structural equations modelling (SEM) to analyze data gath...
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Bank Indonesia Institute
2023
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Online Access: | http://irep.iium.edu.my/110249/7/110249_Perception%20and%20intention%20to%20participate%20in%20microtakaful.pdf http://irep.iium.edu.my/110249/8/110249_Perception%20and%20intention%20to%20participate%20in%20microtakaful_Scopus.pdf http://irep.iium.edu.my/110249/ https://jimf-bi.org/index.php/JIMF https://doi.org/10.21098/jimf.v9i1.1615 |
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my.iium.irep.1102492024-01-18T07:48:15Z http://irep.iium.edu.my/110249/ Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior Rapi, Muh Zul Hazmi Kassim, Salina HG Finance HG3368 Islamic Banking and Finance HG8719 Islamic Insurance Takaful This study examines the intention of Indonesian Middle of Pyramid (MOP) and Botton of Pyramid (BOP) and their intention to participate in microtakaful products. The study develops an extended theory of planned behavior (TPB) model and uses structural equations modelling (SEM) to analyze data gathered from 428 respondents. Responses are obtained through a combination of online surveys and traditional paperbased distribution of questionnaires. The findings show that there is a high intention to participate in microtakaful among the respondents, with the subjective norm, price, and knowledge having positive influences on the intention to participate in microtakaful products. Meanwhile, compatibility is shown to have a positive influence on the attitude toward microtakaful, and normative belief has a positive influence on the subjective norm. However, the result shows that relative advantage has a negative influence on the attitude toward microtakaful, and attitude and price show a negative influence on the intention to participate in microtakaful products. Generally, there is a positive intention toward microtakaful among the respondents; however, knowledge and pricing are important factors that hinder the development of the microtakaful industry in Indonesia. These findings provide valuable information for the Indonesian microtakaful market and other Islamic micro institutions. Bank Indonesia Institute 2023-02-28 Article PeerReviewed application/pdf en http://irep.iium.edu.my/110249/7/110249_Perception%20and%20intention%20to%20participate%20in%20microtakaful.pdf application/pdf en http://irep.iium.edu.my/110249/8/110249_Perception%20and%20intention%20to%20participate%20in%20microtakaful_Scopus.pdf Rapi, Muh Zul Hazmi and Kassim, Salina (2023) Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior. Journal of Islamic Monetary Economics and Finance, 9 (1). pp. 133-166. ISSN 2460-6146 E-ISSN 2460-6618 https://jimf-bi.org/index.php/JIMF https://doi.org/10.21098/jimf.v9i1.1615 |
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HG Finance HG3368 Islamic Banking and Finance HG8719 Islamic Insurance Takaful Rapi, Muh Zul Hazmi Kassim, Salina Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior |
description |
This study examines the intention of Indonesian Middle of Pyramid (MOP) and
Botton of Pyramid (BOP) and their intention to participate in microtakaful products.
The study develops an extended theory of planned behavior (TPB) model and uses
structural equations modelling (SEM) to analyze data gathered from 428 respondents.
Responses are obtained through a combination of online surveys and traditional paperbased distribution of questionnaires. The findings show that there is a high intention
to participate in microtakaful among the respondents, with the subjective norm,
price, and knowledge having positive influences on the intention to participate in
microtakaful products. Meanwhile, compatibility is shown to have a positive influence
on the attitude toward microtakaful, and normative belief has a positive influence on
the subjective norm. However, the result shows that relative advantage has a negative
influence on the attitude toward microtakaful, and attitude and price show a negative
influence on the intention to participate in microtakaful products. Generally, there is a
positive intention toward microtakaful among the respondents; however, knowledge
and pricing are important factors that hinder the development of the microtakaful
industry in Indonesia. These findings provide valuable information for the Indonesian
microtakaful market and other Islamic micro institutions. |
format |
Article |
author |
Rapi, Muh Zul Hazmi Kassim, Salina |
author_facet |
Rapi, Muh Zul Hazmi Kassim, Salina |
author_sort |
Rapi, Muh Zul Hazmi |
title |
Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior |
title_short |
Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior |
title_full |
Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior |
title_fullStr |
Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior |
title_full_unstemmed |
Perception and intention to participate in microtakaful scheme among Indonesians: an application of Ajzen’s theory of planned behavior |
title_sort |
perception and intention to participate in microtakaful scheme among indonesians: an application of ajzen’s theory of planned behavior |
publisher |
Bank Indonesia Institute |
publishDate |
2023 |
url |
http://irep.iium.edu.my/110249/7/110249_Perception%20and%20intention%20to%20participate%20in%20microtakaful.pdf http://irep.iium.edu.my/110249/8/110249_Perception%20and%20intention%20to%20participate%20in%20microtakaful_Scopus.pdf http://irep.iium.edu.my/110249/ https://jimf-bi.org/index.php/JIMF https://doi.org/10.21098/jimf.v9i1.1615 |
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13.222552 |