Evaluating ṣukuk investment intentions in Pakistan from a social cognitive perspective
Joint Authors
Khan, Safir Allah
Khan, Ikram Allah
Khan, Ismail
Sayf al-Din
Khan, Abid Allah
Source
ISRA International Journal of Islamic Finance
Issue
Vol. 12, Issue 3 (31 Dec. 2020), pp.34-365, 332 p.
Publisher
International Shari'ah Research Academy for Islamic Finance
Publication Date
2020-12-31
Country of Publication
Malaysia
No. of Pages
332
Main Subjects
Abstract EN
Purpose-This study aims to evaluate cognitive, personal and environmental factors affecting investors’ behavioral intentions (BI) to invest in ṣukūk (Islamic investment certificates) in Pakistan.
Design/methodology/approach-Data from 462 participants were collected through survey-questionnaires by using the convenient sampling technique.
Hypothesized proposed relationships among the constructs were examined by applying the structural equation modeling (SEM) technique through smart partial least squares.
Findings-Compatibility, internal influence, external influence and intrinsic motivation were found to be significant predictors of investors’ BI to invest in ṣukūk.
In addition, it was found that the religious aspect not only affects investors’ BI positively but also works as a moderator in the relationships between BI and both internal and external influence.
Practical implications-The results are quite helpful for ṣukūk issuers and regulators to consider cognitive, personal and environmental factors that might enhance the adoption of ṣukūk, especially among Muslim investors.
Originality/value-This study is among the few research studies that shed light on investors’ BI to invest in ṣukūk.
Using social cognitive theory, the study investigates the cognitive, personal and environmental factors influencing ṣukūk adoption, which were previously unexplored.
In addition, this is the first study that unveils the influential factors of ṣukūk adoption in Pakistan, a Muslim-majority country.
American Psychological Association (APA)
Khan, Safir Allah& Khan, Ikram Allah& Khan, Ismail& Sayf al-Din& Khan, Abid Allah. 2020. Evaluating ṣukuk investment intentions in Pakistan from a social cognitive perspective. ISRA International Journal of Islamic Finance،Vol. 12, no. 3, pp.34-365.
https://search.emarefa.net/detail/BIM-1429560
Modern Language Association (MLA)
Khan, Safir Allah…[et al.]. Evaluating ṣukuk investment intentions in Pakistan from a social cognitive perspective. ISRA International Journal of Islamic Finance Vol. 12, no. 3 (2020), pp.34-365.
https://search.emarefa.net/detail/BIM-1429560
American Medical Association (AMA)
Khan, Safir Allah& Khan, Ikram Allah& Khan, Ismail& Sayf al-Din& Khan, Abid Allah. Evaluating ṣukuk investment intentions in Pakistan from a social cognitive perspective. ISRA International Journal of Islamic Finance. 2020. Vol. 12, no. 3, pp.34-365.
https://search.emarefa.net/detail/BIM-1429560
Data Type
Journal Articles
Language
English
Notes
Includes appendix : p. 364-365
Record ID
BIM-1429560