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Millennials’ acceptability of tawarruq-based ar-rahnu in Malaysia

Hanudin Amin (Labuan Faculty of International Finance, Universiti Malaysia Sabah, Labuan, Malaysia)
M. Kabir Hassan (Department of Economics and Finance, University of New Orleans, New Orleans, Louisiana, USA)

International Journal of Ethics and Systems

ISSN: 2514-9369

Article publication date: 28 January 2022

Issue publication date: 30 June 2022

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Abstract

Purpose

This study aims to enlighten the effects of Islamic religiosity, Islamic altruism and Islamic debt collection policy (IDCP) on millennials’ acceptability of tawarruq-based ar-rahnu in Malaysia.

Design/methodology/approach

This study applies the factors drawn from the Islamic theory of consumer behaviour (ITCB) and uses data obtained from a survey of 267 respondents to examine the impact of these factors on millennials’ acceptability of tawarruq-based ar-rahnu.

Findings

The findings indicate that Islamic religiosity, Islamic altruism and IDCP are all important factors influencing millennials’ acceptability of tawarruq-based ar-rahnu.

Research limitations/implications

The study is narrowed down in scope in terms of the broader context of tawarruq-based ar-rahnu and the variables retrieved from the ITCB, which may explain its limited impact.

Practical implications

Considering the effects of the variables investigated in this study might assist enhance product acceptance among consumers.

Originality/value

This study is focussed on tawarruq-based ar-rahnu in the context of the ITCB, taking a different approach than past research on the subject.

Keywords

Citation

Amin, H. and Hassan, M.K. (2022), "Millennials’ acceptability of tawarruq-based ar-rahnu in Malaysia", International Journal of Ethics and Systems, Vol. 38 No. 3, pp. 510-529. https://doi.org/10.1108/IJOES-09-2021-0170

Publisher

:

Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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