Abdullah, Siti Nabihah and Hassan, Siti Hasnah and Masron, Tajul Ariffin,(2016), SWITCHING INTENTION OF MUSLIM DEPOSITORS IN ISLAMIC DEPOSIT ACCOUNT. , International Journal of Economics, Management and Accounting, UNSPECIFIED
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Abstract
Islamic finance has achieved remarkable growth all over the world. Without
exception, Malaysia has also been enjoying rapid and robust development in
Islamic finance. Despite the encouraging growth and the great acceptance of
Islamic financial products, one controversy may reverse the perception about
Islamic finance. The issue is that recently several Islamic banks introduced
the concept of bai‘ al-‘īnah to be applied on deposit account which allows
them to promise return to depositors. This strategy may encourage more
Muslims to keep their money in Islamic banks. The use of this contract is in
principle permissible in Malaysia, albeit admitted as controversial. Therefore,
this study attempts to examine the switching intention of Muslim depositors
if return on Islamic deposit account is not promised or guaranteed by Islamic
banks. The Theory of Reasoned Action, in which intention could be the best
determinant of individual behavior, is used as the basis of the study with a
375 participant sample. The findings showed that Muslim depositors do not
really care about a promised return for deposit account practiced by several
Islamic banks. For that reason, Islamic banks should not worry about
introducing a promised-return based product for deposit accounts.
Keywords : | Islamic deposit account, Promised return, Switching intention, Muslim depositors, Islamic banks, UNSPECIFIED |
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Journal or Publication Title: | International Journal of Economics, Management and Accounting |
Volume: | 24 |
Number: | 1 |
Item Type: | Article |
Subjects: | Ekonomi Islam |
Depositing User: | Users 15 not found. |
Date Deposited: | 30 Dec 2019 08:48 |
Last Modified: | 30 Dec 2019 08:48 |
URI: | https://repofeb.undip.ac.id/id/eprint/1224 |