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Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah

A Shariah-compliant investment is a collective investment fund that offers investors the opportunity to invest in a diversified portfolio of Shariah-compliant shares and fixed-income securities, as well as other Shariah-compliant money market instruments. Investment provides many benefit to the inve...

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Main Author: Nurusyuhada, Othman
Format: Thesis
Language:English
English
Published: 2021
Subjects:
BP174 The practice of Islam
HD61 Risk Management
HF5001-6182 Business
HG Finance
Online Access:https://etd.uum.edu.my/9659/1/s824932_01.pdf
https://etd.uum.edu.my/9659/2/s824932_02.pdf
https://etd.uum.edu.my/9659/
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spelling my.uum.etd.96592024-03-17T06:24:41Z https://etd.uum.edu.my/9659/ Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah Nurusyuhada, Othman BP174 The practice of Islam HD61 Risk Management HF5001-6182 Business HG Finance A Shariah-compliant investment is a collective investment fund that offers investors the opportunity to invest in a diversified portfolio of Shariah-compliant shares and fixed-income securities, as well as other Shariah-compliant money market instruments. Investment provides many benefit to the investor in creating a wealth. The problem is that they frequently have difficulties selecting Shariah compliant investment. The goal of this research is to look into the concept of investing in Islam, specifically from the perspective of Maqasid Shariah. Besides that, this study also aims to identify the factors that contribute to the selection Shariah compliant investment among private sector employees and to determine factors that influence the level of selecting Shariah compliant investment. This study's approach includes distribution of questionnaires to private sector employees in Kota Setar, Kedah, who are having difficulty choosing Shariah-compliant investments. An exploratory factor analysis using Statistical Package for the Social Science (SPSS) programme version 26 were used to analyse the data. Theory Reasoned Action (TRA) is a psychological theory that seeks to explain individual actions by identifying the causal connections between various variables: religiosity, Islamic financial literacy, financial attitude, investment risk and awareness. The findings reveal that Islam permits investing if it benefits the individual and satisfies his or her requirements at a specific period. Wealth management could be a tool to attain the essentials in Maqasid Shariah (al-daruriyyah).Wealth management to achieve the complementary (al-Hajiyyat) and Wealth management to achieve the embellishments or luxuries (al-Tahsiniyyat). Other than that, there are five factors that contribute to the level of selection Shariah compliant investment among private sector in Kota Setar, Kedah. The factors extracted from the factor analysis are religiosity, Islamic financial literacy, financial attitude, investment risk and also awareness. 2021 Thesis NonPeerReviewed text en https://etd.uum.edu.my/9659/1/s824932_01.pdf text en https://etd.uum.edu.my/9659/2/s824932_02.pdf Nurusyuhada, Othman (2021) Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah. Masters thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic BP174 The practice of Islam
HD61 Risk Management
HF5001-6182 Business
HG Finance
spellingShingle BP174 The practice of Islam
HD61 Risk Management
HF5001-6182 Business
HG Finance
Nurusyuhada, Othman
Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah
description A Shariah-compliant investment is a collective investment fund that offers investors the opportunity to invest in a diversified portfolio of Shariah-compliant shares and fixed-income securities, as well as other Shariah-compliant money market instruments. Investment provides many benefit to the investor in creating a wealth. The problem is that they frequently have difficulties selecting Shariah compliant investment. The goal of this research is to look into the concept of investing in Islam, specifically from the perspective of Maqasid Shariah. Besides that, this study also aims to identify the factors that contribute to the selection Shariah compliant investment among private sector employees and to determine factors that influence the level of selecting Shariah compliant investment. This study's approach includes distribution of questionnaires to private sector employees in Kota Setar, Kedah, who are having difficulty choosing Shariah-compliant investments. An exploratory factor analysis using Statistical Package for the Social Science (SPSS) programme version 26 were used to analyse the data. Theory Reasoned Action (TRA) is a psychological theory that seeks to explain individual actions by identifying the causal connections between various variables: religiosity, Islamic financial literacy, financial attitude, investment risk and awareness. The findings reveal that Islam permits investing if it benefits the individual and satisfies his or her requirements at a specific period. Wealth management could be a tool to attain the essentials in Maqasid Shariah (al-daruriyyah).Wealth management to achieve the complementary (al-Hajiyyat) and Wealth management to achieve the embellishments or luxuries (al-Tahsiniyyat). Other than that, there are five factors that contribute to the level of selection Shariah compliant investment among private sector in Kota Setar, Kedah. The factors extracted from the factor analysis are religiosity, Islamic financial literacy, financial attitude, investment risk and also awareness.
format Thesis
author Nurusyuhada, Othman
author_facet Nurusyuhada, Othman
author_sort Nurusyuhada, Othman
title Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah
title_short Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah
title_full Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah
title_fullStr Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah
title_full_unstemmed Determinants of selection shariah compliant investment: Among private sector employees in Kota Setar, Kedah
title_sort determinants of selection shariah compliant investment: among private sector employees in kota setar, kedah
publishDate 2021
url https://etd.uum.edu.my/9659/1/s824932_01.pdf
https://etd.uum.edu.my/9659/2/s824932_02.pdf
https://etd.uum.edu.my/9659/
_version_ 1794639313641668608
score 13.211869

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