Willingness to Be a Partner in Musharakah Mutanaqisah Home Financing: Empirical Investigation of Psychological Factors

Hanudin Amin, Abdul Rahim Abdul Rahman, Dzuljastri Abdul Razak

Abstract


ABSTRACT

This study is aimed at explaining factors influencing the intention to be a partner amongst bank customers in musharakah mutanaqisah home financing. Drawing upon the theory of planned behavior (TPB), this study assesses the model in order to examine the effects of three explanatory factors namely attitude, subjective norm and perceived behavioral control on the intention to be a partner in the context of Islamic home financing. This study modifies the TPB to reflect musharakah mutanaqisah home financing. The model of the study is assessed using survey data from 168 respondents among bank customers. The findings suggest that attitude, subjective norm and perceived behavioral control are significantly influencing the intention to be a partner. The relationship between attitude and subjective norm is also significant. The findings demonstrate the applicability of the TPB in the musharakah mutanaqisah home financing context. The findings are also useful to bank managers in effectively managing Islamic home financing facilities.

Keywords: Islamic banking; musharakah mutanaqisah; Islamic home financing; psychological factors; Malaysia

ABSTRAK

Kajian ini bertujuan untuk menerangkan faktor-faktor yang mempengaruhi niat untuk menjadi rakan kongsi dalam kalangan pelanggan bank dalam pembiayaan rumah musharakah mutanaqisah. Berdasarkan kepada teori tingkah laku terancang (TPB), kajian ini menilai model tersebut untuk meneliti kesan tiga faktor iaitu sikap, norma subjektif dan kawalan tingkah laku terhadap niat untuk menjadi rakan kongsi dalam konteks pembiayaan rumah Islam. Kajian ini mengubahsuai TPB bagi menggambarkan musyarakah mutanaqisah pembiayaan rumah. Model kajian diuji menggunakan data kaji selidik 168 pelanggan bank yang terlibat sebagai responden kajian. Dapatan kajian menunjukkan bahawa sikap, norma subjektif dan kawalan tingkah laku dengan ketara mempengaruhi niat untuk menjadi rakan kongsi. Hubungan antara sikap dengan norma subjektif adalah juga signifikan secara statistik. Dapatan kajian menunjukkan kesesuaian TPB dalam konteks pembiayaan musyarakah mutanaqisah rumah. Dapatan kajian juga bermanfaat kepada pengurus bank untuk merancang kemudahan pembiayaan rumah Islam dengan berkesan.

Kata kunci: Perbankan Islam; musharakah mutanaqisah; pembiayaan rumah secara Islam; faktor-faktor psikologi; Malaysia


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