Empirical Study of Community Interest to Islamic Insurance

Ismanto, Kuat; Nalim,

doi:10.30993/tifbr.v13i2.203

Cited by 3 publications

(3 citation statements)

References 14 publications

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“…Upon assessing the characteristics of the variables comprising the four factors, the researcher assigned the following names to the factors, as depicted in the table below. and well-equipped facilities significantly influences people's trust and confidence in selecting banking services (Noor & Sanrego, 2011;Larasati, 2017).…”

Section: Share | Volume 12 | Number 1 | January -June 2023mentioning

confidence: 99%

Preference of Non-Muslim Customers towards Islamic Banks within Muslim Minority Areas in Indonesia

Hamzah

Yudiawan

Umrah

2023

SJEKI

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This study aims to explore the factors influencing the preferences of non-Muslim customers towards Islamic banks in Muslim minority areas in Indonesia. A quantitative approach was employed, with a sample of 232 non-Muslim customers participating as respondents. Data was collected using questionnaires administered directly to the participants and analyzed using exploratory factor analysis (CFA). The findings revealed four main preference factors: 1) access factors, encompassing variables related to facilities and location; 2) product quality factors, comprising variables pertaining to product, promotion, and reputation; 3) psychological factors, including variables of satisfaction, perception, and knowledge; and 4) socio-cultural factors, consisting of variables related to social status and religious status. These findings offer preliminary insights into the preferences of non-Muslim customers towards Islamic banks within Muslim minority areas in Indonesia. Further studies are warranted, particularly in non-Islamic countries aiming to establish Islamic banks. Moreover, future research can explore the formed variables using other analytical methods such as linear regression, discriminant analysis, or alternative analyses to deepen the understanding of Islamic banking development in Muslim minority regions. The outcomes of this study contribute valuable insights for Islamic banks to consider when developing banking services for non-Muslim customers, thereby promoting the growth of Islamic banking in Muslim minority areas. This research also adds to the existing literature on non-Muslim customer preferences in Islamic banks within Muslim minority areas.======================================================================================================== ABSTRAK – Preferensi Nasabah Non-Muslim terhadap Bank Syariah dalam Wilayah Minoritas Muslim di Indonesia. Penelitian ini bertujuan untuk mengeksplorasi faktor-faktor yang memengaruhi preferensi nasabah non-Muslim terhadap bank syariah dalam wilayah minoritas Muslim di Indonesia. Pendekatan kuantitatif digunakan dalam penelitian ini, dengan melibatkan sampel sebanyak 232 pelanggan non-Muslim sebagai responden. Pengumpulan data dilakukan melalui penggunaan kuesioner yang diberikan langsung kepada para responden, dan analisis dilakukan menggunakan metode analisis faktor eksploratori (CFA). Temuan penelitian ini mengungkapkan adanya empat faktor preferensi utama, yaitu: 1) faktor akses, yang meliputi variabel-variabel terkait fasilitas dan lokasi; 2) faktor kualitas produk, yang mencakup variabel-variabel terkait produk, promosi, dan reputasi; 3) faktor psikologis, yang melibatkan variabel-variabel kepuasan, persepsi, dan pengetahuan; dan 4) faktor sosial-budaya, yang terdiri dari variabel-variabel terkait status sosial dan status keagamaan. Temuan ini memberikan gambaran awal yang penting terkait preferensi nasabah non-Muslim terhadap bank syariah dalam wilayah minoritas Muslim di Indonesia. Untuk memperdalam pemahaman mengenai perkembangan perbankan syariah di wilayah minoritas Muslim, penelitian lanjutan perlu dilakukan, terutama di negara-negara non-Muslim yang berencana mendirikan bank syariah. Selain itu, penelitian selanjutnya dapat mengkaji permasalahan tersebut berbagai analisis lain, seperti regresi linear, analisis diskriminan, atau metode lainnya. Hasil penelitian ini berkontribusi dalam pengembangan layanan perbankan syariah untuk nasabah non-Muslim dan mendorong pertumbuhannya di daerah minoritas Muslim. Penelitian ini juga berkontribusi dalam memperkaya literatur terkait preferensi nasabah non-Muslim pada bank syariah di daerah minoritas Muslim.

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Section: Share | Volume 12 | Number 1 | January -June 2023mentioning

confidence: 99%

Preference of Non-Muslim Customers towards Islamic Banks within Muslim Minority Areas in Indonesia

Hamzah

Yudiawan

Umrah

2023

SJEKI

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“…Maqashid sharia is defined as the ultimate goal to be achieved by sharia law or as the secrets behind every sharia law provision (Ismanto,[9]). Substance of sharia maqashid is maslahah (wellbeing) (Sahroni Oni & Adiwarman, [21]).…”

Section: Literature Reviewmentioning

confidence: 99%

Factors Influencing Consumers’ Intention to Buy on Sharia Insurance And The Implications Towards Maslaha: A Tawhidi String Relation (TSR) Approach

Sintarini

Makhfudz

2021

IJBAM

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The purpose of this study is to explain the factors that influence consumer’s intention to buy sharia insurance products. This study applies a qualitative methodology and uses Tawhidi String Relations (TSR) approach using The Koran and Sunnah as anthology in every solution in order to achieve maslaha/wellbeing (Maqashid Sharia). This study describe that knowledge, customer value, customer experience, technology, religiosity and trust have an influence to consumer intention to buy in sharia insurance products from the descriptive approach. The advantages of sharia insurance products need to be explained widely and properly. This study explores consumer’s intention to buy on sharia products can be arise by the blending the religious values into economic activity referring to The Koran and Hadith which are presented practically in the real world as a universally applicable basis in achieving Maqashid Sharia. The limitations of this study lie in the research area and the methodology used. Further research can be done in other research areas. The statistical test used can be enriched by using another research methods such as SEM-AMOS

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“…The figure shows the highest profit over the past three years in sharia life insurance compared to general insurance and sharia reinsurance. Life insurance is a form of business agreement from insurance which is can provide service assistance in overcoming risks related to the life of someone insured (Ismanto, 2009). The factors affect profit level considered two-fold which is the insurance company's income and expenses cost.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Premium Income, Investment Returns, Claim Expenses, and Operating of Net Profit on Sharia Life Insurance Company

Hissiyah

Meylianingrum²

2023

IJIBE

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Risk is a potential loss that a company cannot predict. However, risks can be mitigated by dividing or enduring each other. This research wants to re-examine the research gap with the same theme. This research uses quantitative methods with a descriptive approach. The results showed that premium income and investment returns partially affected net profit. In contrast, claim expenses and operating expenses did not have a significant effect on net profit. Then simultaneous test results show that Premium Income, Investment Returns, Claim Expenses, and Operating Expenses to Net Profit together or simultaneously have a significant effect on net profit in Sharia life insurance.

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Empirical Study of Community Interest to Islamic Insurance

Cited by 3 publications

References 14 publications

Preference of Non-Muslim Customers towards Islamic Banks within Muslim Minority Areas in Indonesia

Preference of Non-Muslim Customers towards Islamic Banks within Muslim Minority Areas in Indonesia

Factors Influencing Consumers’ Intention to Buy on Sharia Insurance And The Implications Towards Maslaha: A Tawhidi String Relation (TSR) Approach

The Effect of Premium Income, Investment Returns, Claim Expenses, and Operating of Net Profit on Sharia Life Insurance Company

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