Abstract
Malaysia is one of the Muslim countries committed in developing a complete Islamic financial system including Islamic insurance (Takaful). Until today, Takaful penetration rate lags behind conventional insurance. This dismal performance, despite government’s commitment and the growing inclination towards ‘Islamisation’, warrants an empirical investigation. A sample of 500 respondents classified as professional was taken to examine the effect of religious commitment on Takaful participation intention, using Theory of Planned behaviour as the theoretical foundation. This chapter found that religious commitment is positively related to the Takaful participation intention (TPI). Not only that, religious commitment has the greatest influence on TPI.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Abdullah, N., & Abd.Majid, M. S. (2003). The influence of religiosity, income and consumption on saving behaviour : The case of International Islamic University Malaysia (Iium). Jurnal Iqtisad, 4(1), 37–55.
Ahmad, N., & Haron, S. (2000). Perceptions of Malaysian corporate customers towards Islamic banking products & services. International Journal of Islamic Financial Services, 3(4).
Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211. https://doi.org/10.1016/0749-5978(91)90020-T.
Al-Ajmi, J., Hussain, H. A., & Al-Saleh, N. (2009). Clients of conventional and Islamic banks in Bahrain: How they choose which bank to patronize. International Journal of Social Economics, 36(11), 1086–1112. https://doi.org/10.1108/03068290910992642.
Alam, S. S., & Sayuti, N. M. (2011). Applying the Theory of Planned Behavior (TPB) in halal food purchasing. International Journal of Commerce and Management, 21(1), 8–20. https://doi.org/10.1108/10569211111111676.
Al-shareem, K. M., Yusof, N., & Kamal, E. M. (2015). External factors influencing the readiness for implementing public-private partnerships among public and private organizations in Yemen. Journal of Science and Technology Policy Management, 6(January), 56–75. https://doi.org/10.1108/JSTPM-07-2014-0030.
Amin, H., Rahman, A. R. A., Sondoh, S. L., Jr., & Hwa, A. M. C. (2011). Determinants of customers’ intention to use Islamic personal financing: The case of Malaysian Islamic banks. Journal of Islamic Accounting and Business Research, 2(1), 22–42. https://doi.org/10.1108/17590811111129490.
Armstrong, G., & Kotler, P. (2000). Marketing: An introduction. In W. Blake & J. Larkin (Eds.), (5th ed.). New Jersey: Prentice Hall, Inc.
Bailey, J. M., & Sood, J. (2012). The effects of religious affiliation on consumer behavior: A preliminary investigation, 5(3), 328–352.
Bank Negara Malaysia, Finacial Stability Report, 2015.
Delener, N. (1994). Religious contrasts in consumer decision behaviour patterns: Their dimensions. European Journal of Marketing, 28(5), 36–53.
Hair, J. F. J., Black, W. C., Babin, B. J., & Anderson, R. (2010). Multivariate data analysis: A global perspective (7th ed.). New Jersey: Upper Saddle River.
Hair, Jr., J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2010). Multivariate data analysis (Seventh). Pearson Prentice Hall.
Malaysian Takaful Association Annual Report, 2015.
Metawa, S. A., & Almossawi, M. (1998). Banking behavior of Islamic bank customers: Perspectives and implications. International Journal of Bank Marketing, 16(7), 299–313. https://doi.org/10.1108/02652329810246028.
Mokhlis, S. (2008). Consumer religiosity and the importance of store attributes. The Journal of Human Resource and Adult Learning, 4(2), 122–132.
Nunally, J. C., & Bernstein, I. H. (1994). Psychometric theory (3rd ed.). New York: McGraw Hill.
Rehman, A., & Shabbir, M. S. (2010). The relationship between religiosity and new product adoption. http://doi.org/10.1108/17590831011026231.
Subhani, M. I., Hasan, S. A., Fayzan Rafiq, M., Nayaz, M., & Osman, A. (2012). Consumer criteria for the selection of an Islamic bank : Evidence from Pakistan. International Research Journal of Finance and Economics, 94.
Sun, S., Goh, T., Fam, K.-S., & Xue, Y. (2012). The influence of religion on Islamic mobile phone banking services adoption. Journal of Islamic Marketing, 3(1), 81–98. https://doi.org/10.1108/17590831211206617.
Worthington, E. L.. J., Wade, N. G., Hight, T. L., Ripley, J. S., McCullough, M. E., Berry, J. W., … O’Connor, L. (2003). The Religious Commitment Inventory–10: Development, refinement, and validation of a brief scale for research and counseling. Journal of Counseling Psychology, 50(1), 84–96. http://doi.org/10.1037/0022-0167.50.1.84.
Ysseldyk, R., Matheson, K., & Anisman, H. (2010). Religiosity as identity: toward an understanding of religion from a social identity perspective. Personality and Social Psychology Review : An Official Journal of the Society for Personality and Social Psychology, Inc, 14(1), 60–71. http://doi.org/10.1177/1088868309349693.
Acknowledgements
The authors would like to thank the Ministry of High Education for funding this research.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Ghani, H.A., Rahman, S.A., Dakian, M., Lambak, S. (2018). Examining the Importance of Religious Commitment Towards Takaful Participation Intention (TP1). In: Muhammad Hashim, N., Md Shariff, N., Mahamood, S., Fathullah Harun, H., Shahruddin, M., Bhari, A. (eds) Proceedings of the 3rd International Halal Conference (INHAC 2016) . Springer, Singapore. https://doi.org/10.1007/978-981-10-7257-4_31
Download citation
DOI: https://doi.org/10.1007/978-981-10-7257-4_31
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-7256-7
Online ISBN: 978-981-10-7257-4
eBook Packages: Religion and PhilosophyPhilosophy and Religion (R0)