Maqasid-based consumer preference index for tawarruq personal financing
Relatively, maqasid al-Shariah is a missing dimension element in the available tawarruq personal financing, resulting in a convergence of this facility and its traditional counterpart. This work examines the consumer preference of tawarruq personal financing using the maqasid-based consumer prefer...
Saved in:
Main Authors: | , , , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
University Muhamadiyah Yogjakarta
2021
|
Subjects: | |
Online Access: | http://irep.iium.edu.my/93519/7/93519_Maqasid-based%20consumer%20preference%20index%20for%20tawarruq%20personal%20financing.pdf http://irep.iium.edu.my/93519/ https://journal.umy.ac.id/index.php/ijief/article/view/11823 |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
id |
my.iium.irep.93519 |
---|---|
record_format |
dspace |
spelling |
my.iium.irep.935192021-11-08T01:03:10Z http://irep.iium.edu.my/93519/ Maqasid-based consumer preference index for tawarruq personal financing Amin, Hanudin Suhartanto, Dwi Ali, Muhammad Ghazali, Mohd Fahmi Rizal, Hamid Abdul Razak, Dzuljastri HG3368 Islamic Banking and Finance Relatively, maqasid al-Shariah is a missing dimension element in the available tawarruq personal financing, resulting in a convergence of this facility and its traditional counterpart. This work examines the consumer preference of tawarruq personal financing using the maqasid-based consumer preference index (MCPi). Drawing upon the MCPi, the present study examines consumer preference on the offered Tawarruq personal financing by 7 Islamic banks in Malaysia based on valid 456 usable questionnaires. The primary findings obtained indicate that all banks somewhat have a moderate MCPi. These include Bank Islam Malaysia Berhad (BIMB), Bank Muamalat Malaysia Berhad (BMMB), Maybank Islamic, CIMB Islamic, RHB Islamic, Kuwait Finance House and Al-Rajhi Bank. This study examines a new approach to measure consumer preference using the MCPi. Our contributions are confined to these particular variables – Educating Customer, Establishing Justice and Promoting Welfare. Our study also limits its perspective on the general context of tawarruq personal financing. Future works may provide different perspectives on these interrogations. This study provides a new index for Islamic banks to manage tawarruq personal financing products according to maqasid al-Shariah effectively. This study introduces a new measure of consumer preference of tawarruq personal financing namely the MCPi in the context of Malaysia. University Muhamadiyah Yogjakarta 2021-07-29 Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/93519/7/93519_Maqasid-based%20consumer%20preference%20index%20for%20tawarruq%20personal%20financing.pdf Amin, Hanudin and Suhartanto, Dwi and Ali, Muhammad and Ghazali, Mohd Fahmi and Rizal, Hamid and Abdul Razak, Dzuljastri (2021) Maqasid-based consumer preference index for tawarruq personal financing. International Journal of Islamic Economics and Finance. pp. 1-30. ISSN 2622-3562 E-ISSN 2622- 4372 (In Press) https://journal.umy.ac.id/index.php/ijief/article/view/11823 |
institution |
Universiti Islam Antarabangsa Malaysia |
building |
IIUM Library |
collection |
Institutional Repository |
continent |
Asia |
country |
Malaysia |
content_provider |
International Islamic University Malaysia |
content_source |
IIUM Repository (IREP) |
url_provider |
http://irep.iium.edu.my/ |
language |
English |
topic |
HG3368 Islamic Banking and Finance |
spellingShingle |
HG3368 Islamic Banking and Finance Amin, Hanudin Suhartanto, Dwi Ali, Muhammad Ghazali, Mohd Fahmi Rizal, Hamid Abdul Razak, Dzuljastri Maqasid-based consumer preference index for tawarruq personal financing |
description |
Relatively, maqasid al-Shariah is a missing dimension element in the available tawarruq personal financing, resulting in a convergence of this facility and its
traditional counterpart. This work examines the consumer preference of tawarruq personal financing using the maqasid-based consumer preference index (MCPi). Drawing upon the MCPi, the present study examines consumer preference on the offered Tawarruq personal financing by 7 Islamic banks in Malaysia based on valid 456 usable questionnaires. The primary findings obtained indicate that all banks somewhat have a moderate MCPi. These include Bank Islam Malaysia Berhad (BIMB), Bank Muamalat Malaysia Berhad (BMMB), Maybank Islamic, CIMB Islamic, RHB Islamic, Kuwait Finance House and Al-Rajhi Bank. This study examines a new
approach to measure consumer preference using the MCPi. Our contributions are confined to these particular variables – Educating Customer, Establishing Justice and Promoting Welfare. Our study also limits its perspective on the general context of tawarruq personal financing. Future works may provide different perspectives on these interrogations. This study provides a new index for Islamic banks to manage
tawarruq personal financing products according to maqasid al-Shariah effectively. This study introduces a new measure of consumer preference of tawarruq personal financing namely the MCPi in the context of Malaysia. |
format |
Article |
author |
Amin, Hanudin Suhartanto, Dwi Ali, Muhammad Ghazali, Mohd Fahmi Rizal, Hamid Abdul Razak, Dzuljastri |
author_facet |
Amin, Hanudin Suhartanto, Dwi Ali, Muhammad Ghazali, Mohd Fahmi Rizal, Hamid Abdul Razak, Dzuljastri |
author_sort |
Amin, Hanudin |
title |
Maqasid-based consumer preference index for tawarruq
personal financing |
title_short |
Maqasid-based consumer preference index for tawarruq
personal financing |
title_full |
Maqasid-based consumer preference index for tawarruq
personal financing |
title_fullStr |
Maqasid-based consumer preference index for tawarruq
personal financing |
title_full_unstemmed |
Maqasid-based consumer preference index for tawarruq
personal financing |
title_sort |
maqasid-based consumer preference index for tawarruq
personal financing |
publisher |
University Muhamadiyah Yogjakarta |
publishDate |
2021 |
url |
http://irep.iium.edu.my/93519/7/93519_Maqasid-based%20consumer%20preference%20index%20for%20tawarruq%20personal%20financing.pdf http://irep.iium.edu.my/93519/ https://journal.umy.ac.id/index.php/ijief/article/view/11823 |
_version_ |
1717093016309596160 |
score |
13.18916 |