Customersâ Intention towards Shariah Compliant Credit Cards: A Pilot Study

Johan, Zaimy Johana; Dali, Nuradli Ridzwan Shah Mohd; Suki, Amirah Ahmad; Hafit, Nor Intan Adha

doi:10.6007/ijarbss/v7-i4/2887

Cited by 13 publications

(16 citation statements)

References 52 publications

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“…There are several reasons why ICCs are not well known as compared to CCCs. The reasons are based on focus group interview and survey conducted in 2015, 2016, and 2017 (Johan, Hussain, et al, 2017;Johan, Mohd Dali, Ahmad Suki, & Hafit, 2017;Putit & Johan, 2015):…”

Section: Islamic Credit Cards: a Choice To Customers?mentioning

confidence: 99%

The Good, the Bad and the Ugly of Islamic Credit Cards

Johan

Hussain

2021

JEEIR

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The Malaysian Islamic financial services have developed and thrived in the competitive domestic and global financial market especially in the last three decades. The Government has provided the industry conducive enabling environment to catalyse the industry growth and development. Islamic finance has gained prominence and been identified as the growth area in the nation’s financial sector. The Bank Negara Malaysia Annual Report 2020 published on 3 April 2020 amongst others highlights that with an advanced regulatory framework already in place, Islamic finance is poised to play a more prominent role in the coming period, particularly in its potential to apply shariah principles to expand social finance and address market gaps in innovative ways. With a range of innovative shariah compliant products and services, the halal financial services have gained market acceptance from both Muslims and non-Muslims alike, albeit with different levels of acceptance according to the products. Specifically, to a certain degree it appears that the market has been more receptive of other Islamic financial services such as loans for various purposes including purchases of securities, properties, vehicles; working capital and even personal loans than the credit cards. According to the Bank Negara Monthly Statistical Bulletin: Monthly Highlights and Statistics in September 2020, as of September 2020, Islamic banks had disbursed 35.7% or RM651.4 billion of the total loans in the banking system in September 2020. The Islamic credit cards however have a lower market share of 10.2% or RM3.7 billion of total credit card transactions. The slower growth pace, lower market share and performance of Islamic credit cards vis–a-vis conventional credit cards, and also compared with other Islamic financial products merit further scrutiny and analysis to help better understand the issues pertinent the growth of the Islamic credit cards. Issues such as why other Islamic loans and hire purchase products have performed better; why the slower growth of Islamic credit cards; customers and market expectation of Islamic credit cards; Islamic credit card product development and marketing strategies need to be carefully examined in order to overcome Islamic credit card growth conundrum.

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Section: Islamic Credit Cards: a Choice To Customers?mentioning

confidence: 99%

The Good, the Bad and the Ugly of Islamic Credit Cards

Johan

Hussain

2021

JEEIR

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“…Johan [30][31][32][33][34] and others [35][36][37] have investigated Islamic credit card use, use of Islamic personal financing through banks [38][39][40], and even Islamic pawnbroking [41] in a variety of countries. However, we found no academic work about rent-to-own or payday lending in Islamic culture.…”

Section: Credit In Iranian Culturementioning

confidence: 99%

Financial Knowledge, Personality Traits, and Risky Borrowing Behaviors in Iranian Households

2020

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This article examines the influence of financial knowledge and personality traits on risky borrowing behaviors among Iranian respondents. A proprietary dataset was used in this study. Logistic regression results indicated that numeracy and knowledge of the time value of money were negatively associated with two of the three risky borrowing behaviors (borrowing more than $1500 USD and use of rent-to-own). Conscientiousness was negatively related to the same two borrowing behaviors. Neuroticism negatively influenced use of payday lending. The article concludes with financial education policy suggestions for Iran and directions for future research.

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“…It allows a receiver to know a sender of a given electronic document in the same way that conventional signature allow a receiver to know the sender of a written document and cannot be forged (Comer, 2007). The application of digital signature enables the condition of Ijab and Qabul for both parties' (buyer and sellers) to be fulfilled in Bai-Salam (Johan et al, 2017).…”

Section: The Application Of Digital Signature and Certified Authoritymentioning

confidence: 99%

The Application of Shariah Principle in E-commerce Transaction: A Model Development

Muhammad¹,

Amboala²,

Salleh³

et al. 2019

RWE

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Issues concerning purchasing on-line, the medium of transaction via on-line or Internet, e-payment mode are among new challenges that require Islamic scholars and researchers to broaden the scope of definition of Shariah compliance e-commerce transaction. As Malaysia is heading towards e-commerce and purchasing on-line has no longer a new trend; the challenges arise for solution in accordance with Shariah principles. This paper will propose a model that comprises several components namely, the core Shariah component itself, sound technological means and regulatory body that supports e-commerce transactions.

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Customersâ Intention towards Shariah Compliant Credit Cards: A Pilot Study

Cited by 13 publications

References 52 publications

The Good, the Bad and the Ugly of Islamic Credit Cards

The Good, the Bad and the Ugly of Islamic Credit Cards

Financial Knowledge, Personality Traits, and Risky Borrowing Behaviors in Iranian Households

The Application of Shariah Principle in E-commerce Transaction: A Model Development

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Customersâ Intention towards Shariah Compliant Credit Cards: A Pilot Study

Cited by 13 publications

References 52 publications

The Good, the Bad and the Ugly of Islamic Credit Cards

The Good, the Bad and the Ugly of Islamic Credit Cards

Financial Knowledge, Personality Traits, and Risky Borrowing Behaviors in Iranian Households

The Application of Shariah Principle in E-commerce Transaction: A Model Development

Contact Info

Product

Resources

About

Customersâ Intention towards Shariah Compliant Credit Cards: A Pilot Study