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Indonesian low-income households’ acceptance of microtakaful in East Java

This research investigates the inclination of economically disadvantaged households in East Java, Indonesia, towards microtakaful adoption, utilizing an extended Theory of Planned Behavior (TPB). Analyzing data from 304 respondents through online and face-to-face surveys, the study reveals a signifi...

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Main Authors: Rapi, Muh Zul Hazmi, Kassim, Salina
Format: Article
Language:English
English
Published: Bank Indonesia Institute 2023
Subjects:
H Social Sciences (General)
HG Finance
HG3368 Islamic Banking and Finance
HG8719 Islamic Insurance Takaful
Online Access:http://irep.iium.edu.my/110215/7/110215_Indonesian%20low-income%20households%E2%80%99%20acceptance.pdf
http://irep.iium.edu.my/110215/8/110215_Indonesian%20low-income%20households%E2%80%99%20acceptance_Scopus.pdf
http://irep.iium.edu.my/110215/
https://jimf-bi.org/index.php/JIMF/article/view/1898
https://doi.org/10.21098/jimf.v9i4.1898
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spelling my.iium.irep.1102152024-01-17T05:04:09Z http://irep.iium.edu.my/110215/ Indonesian low-income households’ acceptance of microtakaful in East Java Rapi, Muh Zul Hazmi Kassim, Salina H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance HG8719 Islamic Insurance Takaful This research investigates the inclination of economically disadvantaged households in East Java, Indonesia, towards microtakaful adoption, utilizing an extended Theory of Planned Behavior (TPB). Analyzing data from 304 respondents through online and face-to-face surveys, the study reveals a significant demand for microtakaful among low-income households. Behavioral intention is positively influenced by factors such as attitude, subjective norms, price, and knowledge, with price being the most critical determinant. Notably, a substantial number of respondents from low-income backgrounds express positive intention toward microtakaful. The study underscores the importance of microtakaful providers raising awareness, offering affordable structures, and highlighting microtakaful’s value as a risk management tool. By employing an advanced TPB model, this research offers profound insights into the perceptions and behavioral tendencies of East Java’s low-income households regarding microtakaful. The findings suggest actionable strategies for providers to enhance outreach and participation among this vulnerable group, contributing to improved financial inclusion and resilience. Bank Indonesia Institute 2023-12-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/110215/7/110215_Indonesian%20low-income%20households%E2%80%99%20acceptance.pdf application/pdf en http://irep.iium.edu.my/110215/8/110215_Indonesian%20low-income%20households%E2%80%99%20acceptance_Scopus.pdf Rapi, Muh Zul Hazmi and Kassim, Salina (2023) Indonesian low-income households’ acceptance of microtakaful in East Java. Journal of Islamic Monetary Economics and Finance, 9 (4). pp. 637-660. ISSN 2460-6146 E-ISSN 2460-6618 https://jimf-bi.org/index.php/JIMF/article/view/1898 https://doi.org/10.21098/jimf.v9i4.1898
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
English
topic H Social Sciences (General)
HG Finance
HG3368 Islamic Banking and Finance
HG8719 Islamic Insurance Takaful
spellingShingle H Social Sciences (General)
HG Finance
HG3368 Islamic Banking and Finance
HG8719 Islamic Insurance Takaful
Rapi, Muh Zul Hazmi
Kassim, Salina
Indonesian low-income households’ acceptance of microtakaful in East Java
description This research investigates the inclination of economically disadvantaged households in East Java, Indonesia, towards microtakaful adoption, utilizing an extended Theory of Planned Behavior (TPB). Analyzing data from 304 respondents through online and face-to-face surveys, the study reveals a significant demand for microtakaful among low-income households. Behavioral intention is positively influenced by factors such as attitude, subjective norms, price, and knowledge, with price being the most critical determinant. Notably, a substantial number of respondents from low-income backgrounds express positive intention toward microtakaful. The study underscores the importance of microtakaful providers raising awareness, offering affordable structures, and highlighting microtakaful’s value as a risk management tool. By employing an advanced TPB model, this research offers profound insights into the perceptions and behavioral tendencies of East Java’s low-income households regarding microtakaful. The findings suggest actionable strategies for providers to enhance outreach and participation among this vulnerable group, contributing to improved financial inclusion and resilience.
format Article
author Rapi, Muh Zul Hazmi
Kassim, Salina
author_facet Rapi, Muh Zul Hazmi
Kassim, Salina
author_sort Rapi, Muh Zul Hazmi
title Indonesian low-income households’ acceptance of microtakaful in East Java
title_short Indonesian low-income households’ acceptance of microtakaful in East Java
title_full Indonesian low-income households’ acceptance of microtakaful in East Java
title_fullStr Indonesian low-income households’ acceptance of microtakaful in East Java
title_full_unstemmed Indonesian low-income households’ acceptance of microtakaful in East Java
title_sort indonesian low-income households’ acceptance of microtakaful in east java
publisher Bank Indonesia Institute
publishDate 2023
url http://irep.iium.edu.my/110215/7/110215_Indonesian%20low-income%20households%E2%80%99%20acceptance.pdf
http://irep.iium.edu.my/110215/8/110215_Indonesian%20low-income%20households%E2%80%99%20acceptance_Scopus.pdf
http://irep.iium.edu.my/110215/
https://jimf-bi.org/index.php/JIMF/article/view/1898
https://doi.org/10.21098/jimf.v9i4.1898
_version_ 1789424064036601856
score 13.211869

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