Homeownership through asnaf home financing in Malaysia: an empirical investigation
International Journal of Housing Markets and Analysis
ISSN: 1753-8270
Article publication date: 29 July 2024
Abstract
Purpose
The purpose of this study is to examine asnafs’ acceptance of home financing in Malaysia.
Design/methodology/approach
This work developed and introduced the maqasid theory of consumer behaviour (MTCB) to examine the effects of educational programmes, mortgage welfare, consumer justice and Islamic debt policy on receptiveness. Data analysis involving 733 respondents was conducted using partial least squares (PLS), where SmartPLS4.0 software comes into play.
Findings
In the core model, the effects of the MTCB’s variables helped shape the development of asnaf home financing acceptance.
Research limitations/implications
This study was based on quantitative data and geographical constraints.
Practical implications
The findings provide valuable inputs for the Joint Committee Body (JCB), combining Islamic banks and State Islamic Religious Councils to develop action plans for improving the facility offered.
Social implications
This work functioned as a social benchmark for improving Islamic home financing that includes asnafs’ homeownership.
Originality/value
A new conceptual framework for asnaf home financing drawn from MTCB is developed in the context of asnafs’ homeownership.
Keywords
Acknowledgements
The author would like to dedicate this work to his parents, Haji Amin Hassim and Hajah Halima Undang, who built their house using their savings on their land. His wife, Z-Anis for coffee throughout the production process of this work. His children, Muhammad Nour Imran (Otto), Nasrullah (Chul), Nasrudin (Addin) and Nasrulhaq (Haq/Hulk/BB) – May Allah SWT grant them success now and always. Ameen.
Citation
Amin, H. (2024), "Homeownership through
Publisher
:Emerald Publishing Limited
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