Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence
Purpose – The purpose of this paper is to examine the factor persuading the acceptance of Islamic pawn broking (Ar-Rahnu) among Islamic bank customers. Design/methodology/approach – The authors collected the data using a self-administered questionnaire design and analysed using SPSS Statistics an...
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my.iium.irep.833132021-01-21T06:31:38Z http://irep.iium.edu.my/83313/ Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence Mohd Thas Thaker, Hassanudin Mohd. Israil, Ahmad Khaliq Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Sekaran, K. Chandra HG Finance HG3368 Islamic Banking and Finance Purpose – The purpose of this paper is to examine the factor persuading the acceptance of Islamic pawn broking (Ar-Rahnu) among Islamic bank customers. Design/methodology/approach – The authors collected the data using a self-administered questionnaire design and analysed using SPSS Statistics and smart partial least square. The study is restricted to only respondents who are based in the area of Klang Valley (Selangor and Kuala Lumpur), as these two areas have a larger number of Islamic banks and a decent number of Islamic banks’ clients. A total of 381 respondents’ responses are used for this study, and the constructs involved for analysis purpose are affect, social factor, facilitating conditions, perceived financial benefits and perceived risk constructs. Findings – The finding suggests a significant positive association for social factor and perceived risk, while negative association learnt for affect on acceptance of Ar-Rahnu financing. On the same note, the facilitating condition and perceived financial benefit are found insignificantly related. Practical implications – The findings generated from this study are expected to enrich the literature on the body of knowledge, as it has served to broaden the understanding of the Ar-Rahnu acceptance level in Malaysia. As mentioned, there is limited literature available using this type of financing. Existing studies focus too much on conventional financing products such as personal financing, credit card, short-term loan and many others. Less attention is given to Ar-Rahnu financing. Thus, this study expected to add value to the literature available in the context of Islamic pawn broking business. Moreover, the findings of this study will be very helpful for the Islamic financial institutions to find the best way to retain Ar-Rahnu clients and encourage more client to choose Ar-Rahnu as a mode of financing. Originality/value – This study owns greater potential to assist Islamic financial institutions to discover the best techniques to retain and encourage the grander number of clients for Ar-Rahnu as a mode of financing Emerald 2020 Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/83313/1/83313_Drivers%20of%20Ar-Rahnu%20%28pawn%29%20acceptance_ft.pdf application/pdf en http://irep.iium.edu.my/83313/2/83313_Drivers%20of%20Ar-Rahnu%20%28pawn%29%20acceptance_scopus.pdf Mohd Thas Thaker, Hassanudin and Mohd. Israil, Ahmad Khaliq and Mohd Thas Thaker, Mohamed Asmy and Allah Pitchay, Anwar and Sekaran, K. Chandra (2020) Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence. Journal of Islamic Marketing. ISSN 1759-0833 E-ISSN 1759-0841 (In Press) https://www.emerald.com/insight/content/doi/10.1108/JIMA-08-2019-0161/full/html 10.1108/JIMA-08-2019-0161 |
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HG Finance HG3368 Islamic Banking and Finance Mohd Thas Thaker, Hassanudin Mohd. Israil, Ahmad Khaliq Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Sekaran, K. Chandra Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence |
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Purpose – The purpose of this paper is to examine the factor persuading the acceptance of Islamic pawn
broking (Ar-Rahnu) among Islamic bank customers.
Design/methodology/approach – The authors collected the data using a self-administered
questionnaire design and analysed using SPSS Statistics and smart partial least square. The study is
restricted to only respondents who are based in the area of Klang Valley (Selangor and Kuala Lumpur), as
these two areas have a larger number of Islamic banks and a decent number of Islamic banks’ clients. A total
of 381 respondents’ responses are used for this study, and the constructs involved for analysis purpose are
affect, social factor, facilitating conditions, perceived financial benefits and perceived risk constructs.
Findings – The finding suggests a significant positive association for social factor and perceived risk, while
negative association learnt for affect on acceptance of Ar-Rahnu financing. On the same note, the facilitating
condition and perceived financial benefit are found insignificantly related.
Practical implications – The findings generated from this study are expected to enrich the literature on
the body of knowledge, as it has served to broaden the understanding of the Ar-Rahnu acceptance level in
Malaysia. As mentioned, there is limited literature available using this type of financing. Existing studies
focus too much on conventional financing products such as personal financing, credit card, short-term loan
and many others. Less attention is given to Ar-Rahnu financing. Thus, this study expected to add value to the
literature available in the context of Islamic pawn broking business. Moreover, the findings of this study will
be very helpful for the Islamic financial institutions to find the best way to retain Ar-Rahnu clients and
encourage more client to choose Ar-Rahnu as a mode of financing.
Originality/value – This study owns greater potential to assist Islamic financial institutions to discover the
best techniques to retain and encourage the grander number of clients for Ar-Rahnu as a mode of financing |
format |
Article |
author |
Mohd Thas Thaker, Hassanudin Mohd. Israil, Ahmad Khaliq Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Sekaran, K. Chandra |
author_facet |
Mohd Thas Thaker, Hassanudin Mohd. Israil, Ahmad Khaliq Mohd Thas Thaker, Mohamed Asmy Allah Pitchay, Anwar Sekaran, K. Chandra |
author_sort |
Mohd Thas Thaker, Hassanudin |
title |
Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence |
title_short |
Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence |
title_full |
Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence |
title_fullStr |
Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence |
title_full_unstemmed |
Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence |
title_sort |
drivers of ar-rahnu (pawn) acceptance: malaysian evidence |
publisher |
Emerald |
publishDate |
2020 |
url |
http://irep.iium.edu.my/83313/1/83313_Drivers%20of%20Ar-Rahnu%20%28pawn%29%20acceptance_ft.pdf http://irep.iium.edu.my/83313/2/83313_Drivers%20of%20Ar-Rahnu%20%28pawn%29%20acceptance_scopus.pdf http://irep.iium.edu.my/83313/ https://www.emerald.com/insight/content/doi/10.1108/JIMA-08-2019-0161/full/html |
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