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The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]

This study examines the extent of Malaysians awareness on Islamic retirement planning and the predictors for the dependent variable. This study also delves into the concept of Islamic retirement planning, attitudes on investment, savings behaviour, social security and financial literacy to see the a...

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Main Authors: Saharan, Mohd Shafiz, Jamaludin, Mohd Fazil, Adzahar, Khairul Azfar, Othman, Nur Fitrah, Norddin, Nor Athirah
Format: Book Section
Language:English
Published: Faculty of Business & Management, Universiti Teknologi MARA (UiTM) Cawangan Kedah 2018
Subjects:
HG Finance
Personal finance. Financial literacy
Online Access:http://ir.uitm.edu.my/id/eprint/36730/1/36730.pdf
http://ir.uitm.edu.my/id/eprint/36730/
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spelling my.uitm.ir.367302020-12-09T10:14:00Z http://ir.uitm.edu.my/id/eprint/36730/ The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.] Saharan, Mohd Shafiz Jamaludin, Mohd Fazil Adzahar, Khairul Azfar Othman, Nur Fitrah Norddin, Nor Athirah HG Finance Personal finance. Financial literacy This study examines the extent of Malaysians awareness on Islamic retirement planning and the predictors for the dependent variable. This study also delves into the concept of Islamic retirement planning, attitudes on investment, savings behaviour, social security and financial literacy to see the awareness issues surrounding the study of retirement. Studies have shown that Malaysians awareness on retirement planning can be considered low and only 40 percent is ready enough to retire while the rest need to retire with insufficient fund due to consumption and savings behaviour as predicted by the life-cycle theory of savings. As a country with Muslims as the dominant population, there is an urge to address this issue and to see whether or not their income and savings comply to Syariah. Data will be collected using questionnaire survey method on Muslim employees in private sectors in Malaysia. A total of 150 questionnaires will be distributed to obtain the data on the awareness of Islamic retirement planning among Muslims private employees. Data will further be analysed by the use of descriptive analysis, reliability analysis and regression analysis, and will be presented in the forms of frequency graph and table. This study expects to show the significant relationships between the independent variables which are attitudes on investment, savings behaviour, social security and financial literacy towards the awareness on Islamic retirement planning. The result is also expected to show a lower awareness of Islamic retirement planning as literatures found that most Malaysians are lacking in retirement planning. Therefore, it is important to look into extensive information regarding the level of awareness on the Islamic retirement planning so that some persistent efforts can be done in giving pre-retirement awareness program that complies to Syariah. Faculty of Business & Management, Universiti Teknologi MARA (UiTM) Cawangan Kedah 2018 Book Section NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/36730/1/36730.pdf Saharan, Mohd Shafiz and Jamaludin, Mohd Fazil and Adzahar, Khairul Azfar and Othman, Nur Fitrah and Norddin, Nor Athirah (2018) The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]. In: International Business & Management Academic Colloquium 2018. Faculty of Business & Management, Universiti Teknologi MARA (UiTM) Cawangan Kedah, Merbok, Kedah, p. 22. ISBN 9789670314563
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic HG Finance
Personal finance. Financial literacy
spellingShingle HG Finance
Personal finance. Financial literacy
Saharan, Mohd Shafiz
Jamaludin, Mohd Fazil
Adzahar, Khairul Azfar
Othman, Nur Fitrah
Norddin, Nor Athirah
The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]
description This study examines the extent of Malaysians awareness on Islamic retirement planning and the predictors for the dependent variable. This study also delves into the concept of Islamic retirement planning, attitudes on investment, savings behaviour, social security and financial literacy to see the awareness issues surrounding the study of retirement. Studies have shown that Malaysians awareness on retirement planning can be considered low and only 40 percent is ready enough to retire while the rest need to retire with insufficient fund due to consumption and savings behaviour as predicted by the life-cycle theory of savings. As a country with Muslims as the dominant population, there is an urge to address this issue and to see whether or not their income and savings comply to Syariah. Data will be collected using questionnaire survey method on Muslim employees in private sectors in Malaysia. A total of 150 questionnaires will be distributed to obtain the data on the awareness of Islamic retirement planning among Muslims private employees. Data will further be analysed by the use of descriptive analysis, reliability analysis and regression analysis, and will be presented in the forms of frequency graph and table. This study expects to show the significant relationships between the independent variables which are attitudes on investment, savings behaviour, social security and financial literacy towards the awareness on Islamic retirement planning. The result is also expected to show a lower awareness of Islamic retirement planning as literatures found that most Malaysians are lacking in retirement planning. Therefore, it is important to look into extensive information regarding the level of awareness on the Islamic retirement planning so that some persistent efforts can be done in giving pre-retirement awareness program that complies to Syariah.
format Book Section
author Saharan, Mohd Shafiz
Jamaludin, Mohd Fazil
Adzahar, Khairul Azfar
Othman, Nur Fitrah
Norddin, Nor Athirah
author_facet Saharan, Mohd Shafiz
Jamaludin, Mohd Fazil
Adzahar, Khairul Azfar
Othman, Nur Fitrah
Norddin, Nor Athirah
author_sort Saharan, Mohd Shafiz
title The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]
title_short The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]
title_full The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]
title_fullStr The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]
title_full_unstemmed The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]
title_sort awareness of islamic retirement planning and the practice with muslims employees in malaysia / mohd shafiz saharan...[et al.]
publisher Faculty of Business & Management, Universiti Teknologi MARA (UiTM) Cawangan Kedah
publishDate 2018
url http://ir.uitm.edu.my/id/eprint/36730/1/36730.pdf
http://ir.uitm.edu.my/id/eprint/36730/
_version_ 1687396663237279744
score 13.211869

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