Artikel

Evaluating ṣukūk investment intentions in Pakistan from a social cognitive perspective

Purpose: This study aims to evaluate cognitive, personal and environmental factors affecting investors' behavioral intentions (BI) to invest in ṣukūk (Islamic investment certificates) in Pakistan. Design/methodology/approach Data from 462 participants were collected through survey-questionnaires by using the convenient sampling technique. Hypothesized proposed relationships among the constructs were examined by applying the structural equation modeling (SEM) technique through smart partial least squares. Findings Compatibility, internal influence, external influence and intrinsic motivation were found to be significant predictors of investors' BI to invest in ṣukūk. In addition, it was found that the religious aspect not only affects investors' BI positively but also works as a moderator in the relationships between BI and both internal and external influence. Practical implications The results are quite helpful for ṣukūk issuers and regulators to consider cognitive, personal and environmental factors that might enhance the adoption of ṣukūk, especially among Muslim investors. Originality/value This study is among the few research studies that shed light on investors' BI to invest in ṣukūk. Using social cognitive theory, the study investigates the cognitive, personal and environmental factors influencing ṣukūk adoption, which were previously unexplored. In addition, this is the first study that unveils the influential factors of ṣukūk adoption in Pakistan, a Muslim-majority country.

Sprache
Englisch

Erschienen in
Journal: ISRA International Journal of Islamic Finance ; ISSN: 2289-4365 ; Volume: 12 ; Year: 2020 ; Issue: 3 ; Pages: 347-365 ; Bingley: Emerald

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Khan, Safeer Ullah
Khan, Ikram Ullah
Khan, Ismail
Khan, Saif-ud-Din
Khan, Abid Ullah
Ereignis
Veröffentlichung
(wer)
Emerald
(wo)
Bingley
(wann)
2020

DOI
doi:10.1108/IJIF-12-2019-0194
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Khan, Safeer Ullah
  • Khan, Ikram Ullah
  • Khan, Ismail
  • Khan, Saif-ud-Din
  • Khan, Abid Ullah
  • Emerald

Entstanden

  • 2020

Ähnliche Objekte (12)