Preference toward investment-linked takaful plan: mediating role of attitude

Investment-linked products (ILPs) are the latest innovations from the Islamic finance industry that offers investors the opportunity to get protection and investment through their family takaful plan. In this paper, we focus on exploring the preference toward investment-linked Takaful plan. Based...

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Bibliographic Details
Main Authors: Parveen, Tamiza, Razali, Siti Salwani, Che Mohd Salleh, Marhanum
Format: Article
Language:English
Published: Research Publishing Academy (RPA) 2019
Subjects:
Online Access:http://irep.iium.edu.my/83888/1/ITHJ-2019-42.pdf
http://irep.iium.edu.my/83888/
https://rpajournals.com/wp-content/uploads/2019/06/ITHJ-2019-42.pdf
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Summary:Investment-linked products (ILPs) are the latest innovations from the Islamic finance industry that offers investors the opportunity to get protection and investment through their family takaful plan. In this paper, we focus on exploring the preference toward investment-linked Takaful plan. Based on the propositions of the theory of interpersonal behaviour and the theory of Islamic consumer behaviour, we develop a conceptual model to investigate factors that could explain the preference toward investment-linked products (ILP). We have used a structured literature review to conduct a critical review of the literature. Attitude is positioned as mediation in the developed conceptual model. The conceptual model proposed in this study is the first of its kind and contributes to the existing literature of behavioural finance.