Staff View: Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence

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 and sm...

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Main Authors:	Mohd Thas Thaker, Hassanudin *, Ahmad, K., Mohd Thas Thaker, M. A., Anwar, A. P., Chandra Sakaran, K.
Format:	Article
Published:	Emerald 2020
Subjects:	HF Commerce
Online Access:	http://eprints.sunway.edu.my/1400/ https://www.emerald.com/insight/content/doi/10.1108/JIMA-08-2019-0161/full/html#loginreload
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spelling	my.sunway.eprints.14002020-10-07T03:59:10Z http://eprints.sunway.edu.my/1400/ Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence Mohd Thas Thaker, Hassanudin * Ahmad, K. Mohd Thas Thaker, M. A. Anwar, A. P. Chandra Sakaran, K. HF Commerce 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 2020-05-22 Article PeerReviewed Mohd Thas Thaker, Hassanudin * and Ahmad, K. and Mohd Thas Thaker, M. A. and Anwar, A. P. and Chandra Sakaran, K. (2020) Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence. Journal of Islamic Marketing. ISSN 1759-0833 https://www.emerald.com/insight/content/doi/10.1108/JIMA-08-2019-0161/full/html#loginreload doi.org/10.1108/JIMA-08-2019-0161
institution	Sunway University
building	Sunway Campus Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Sunway University
content_source	Sunway Institutional Repository
url_provider	http://eprints.sunway.edu.my/
topic	HF Commerce
spellingShingle	HF Commerce Mohd Thas Thaker, Hassanudin * Ahmad, K. Mohd Thas Thaker, M. A. Anwar, A. P. Chandra Sakaran, K. Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence
description	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 * Ahmad, K. Mohd Thas Thaker, M. A. Anwar, A. P. Chandra Sakaran, K.
author_facet	Mohd Thas Thaker, Hassanudin * Ahmad, K. Mohd Thas Thaker, M. A. Anwar, A. P. Chandra Sakaran, K.
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://eprints.sunway.edu.my/1400/ https://www.emerald.com/insight/content/doi/10.1108/JIMA-08-2019-0161/full/html#loginreload
_version_	1680323433762652160
score	13.211869

Drivers of Ar-Rahnu (pawn) acceptance: Malaysian evidence

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