"Knowledge is a trust" by Hanudin Amin





Sunday, December 9, 2012




My PhD : IS THE THEORY OF PLANNED BEHAVIOUR VALID FOR ISLAMIC HOME FINANCING?*




Hanudin Amin, 

Ph.D Candidate, IIUM Institute of Islamic Banking and Finance
International Islamic University Malaysia

Abdul Rahim Abdul Rahman
Professor, Kulliyah of Economics and Management Sciences
International Islamic University Malaysia
IIUM Institute of Islamic Banking and Finance

Dzuljastri Abdul Razak
Assoc. Professor, Kulliyah of Economics and Management Sciences
International Islamic University Malaysia

*This topic is part of my PhD study. The idea was generated in 2009 and later in 2011 it was sent for PhD at the IIUM Institute of Islamic Banking and Finance and the work received minor revisions in 2011 to incorporate relevant literature review.


  

Deposited under MPRA


ABSTRACT


This study is aimed at explaining factors influencing the intention amongst bank customers in selecting Islamic home financing that is musharakah mutanaqisah home financing.  Drawing upon the theory of planned behaviour (the TPB), this study proposes a model to examine the effects of three explanatory factors namely attitude, subjective norm and perceived behavioural control on such intention. This study tests the TPB in a context of musharakah mutanaqisah home financing. The model of the study is tested using survey data from 168 bank customers who are respondents of the study. Our results suggest that attitude, subjective norm and perceived behavioural control are significantly influencing the intention to select such facility. The relationship between attitude and subjective norm are also statistically significant. The findings also demonstrate the applicability of the TPB in the musharakah mutanaqisah home financing context.

Keywords: Islamic banking, musharakah mutanaqisah, home financing, survey, mortgage finance, Malaysia 

Thursday, September 6, 2012


RECEPTIVENESS OF MOBILE BANKING BY MALAYSIAN LOCAL CUSTOMERS IN SABAH: AN EMPIRICAL INVESTIGATION
Published by the Journal of Internet Banking and Commerce

Hanudin Amin, Rostinah Supinah, Masmurniwati Md Aris
Universiti Malaysia Sabah

AP Dr. Ricardo Baba
Universiti Malaysia Sarawak


Abstract
The aim of this study is to investigate the factors that determine the local people of Sabah (also known as Sabahan) bank customers’ intention to use mobile banking. This study extends the applicability of the Technology Acceptance Model (TAM) to mobile banking and includes “perceived credibility”, “perceived enjoyment” and “perceived selfefficacy”, in addition to “perceived usefulness” and “perceived ease of use”. The results indicate that perceived credibility, perceived enjoyment and perceived self-efficacy are important determinants to predicting the intentions of Malaysia’s customers’ to use mobile banking. However, perceived usefulness and perceived ease of use are not that of importance in predicting the intentions of the local customers to use mobile banking. The study contains a sample of local people of Sabah, in Eastern-Malaysia, and a limited number of measures in the model. Nonetheless, it provides new insight into factors affecting mobile banking use among local people in Sabah, a Malaysia’s state. The results also provide general guidelines to banking institutions to better planning of mobile banking services as their future gadget of banking channel.

Keywords: Mobile banking; Consumer; Technology acceptance model; Financial
transactions; Eastern-Malaysia; Malaysia

Thursday, August 9, 2012


An Analysis on Islamic Insurance Participation

Published by the Jurnal Pengurusan (UKM, Malaysia)

Hanudin Amin
Labuan School of International Business and Finance, Universiti Malaysia Sabah
IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia

Abstract


ABSTRACT
The paper tests the effects of attitude, subjective norm and amount of information on the Islamic insurance participation. Drawing upon the theory of reasoned action (TRA), this study proposes a model to examine the factors within the Islamic insurance participation context. The model is tested using survey data from 206 respondents. Importantly, the results suggest that attitude, subjective norm and amount of information provide the best fit to the data and are of value to be considered as the indispensable factors in determining the Islamic insurance participation. The findings of this study shed some light on the consumers’ acceptance level of an Islamic insurance. It also provides valuable insights for takaful operators to manage the Islamic insurance services effectively. Limitations and future research directions are outlined.

ABSTRAK
Kajian ini menilai kesan gelagat, norma subjektif dan jumlah maklumat terhadap penyertaan insurans Islam. Berpandukan kepada teori tindakan beralasan, kajian ini mengemukakan satu model yang menguji faktor-faktor dalam konteks penyertaan insurans Islam. Model ini dinilai berpandukan kepada data dari kaji selidik yang melibatkan 206 responden. Mustahaknya, dapatan kajian ini menunjukkan bahawa gelagat, norma subjektif dan jumlah maklumat menyediakan padanan terbaik bagi data dan penting untuk dipertimbangkan sebagai faktor terpenting dalam menentukan hasrat menyertai insurans Islam. Dapatan kajian ini memperincikan tahap penerimaan pengguna terhadap insurans Islam. Ia juga menyediakan pengetahuan bernilai kepada pengendali-pengendali takaful dalam mengurus perkhidmatan-perkhidmatan insurans Islam dengan efektif. Kekangan dan hala tuju penyelidikan masa depan turut diperincikan.

Friday, March 30, 2012

PATRONAGE FACTORS OF MALAYSIAN LOCAL CUSTOMERS TOWARD ISLAMIC CREDIT CARDS

Published by the
Management Research Review
(Emerald Publishing Group)
Volume - 35, Number - 6, 2012


The author

Hanudin Amin 
Labuan School of International Business and Finance
Universiti Malaysia Sabah
IIUM Institute of Islamic Banking and Finance
International Islamic University Malaysia

Abstract
Purpose - Purpose – This study considers an analysis of probability of Islamic credit card usage intention among Islamic banks’ customers. For the purpose, financial cost, knowledge on Islamic credit card, attitude, financial recommendation and demographic items were examined in order to determine whether these factors are influencing the Islamic credit card usage intention or not.Design/methodology/approach - Design/methodology/approach – Drawing upon the theory of reasoned (TRA), this study proposes a conceptual model to examine the factors determining the Islamic credit card usage intention. The research model is evaluated using survey data from 354 respondents with the help of a questionnaire.Findings - Findings – The results reveal that "financial recommendation", "knowledge on Islamic credit card", "age (young)", "marital status", "religion" and "education level" are significantly affecting the Islamic credit card usage intention. The research also concludes that "attitude on Islamic credit card" appears to have no effect on the Islamic credit card usage intention. Research limitations/implications - Research limitations/implications – The research has two limitations. The limitations however provide support for future researches in the area of Islamic credit card. Despite the limitations, the study contributes to the body of academic knowledge by shedding more light into the factors affecting the Islamic credit card usage intention. Practical implications - Practical implications – Insights reported from this study are of particular importance to provide bank managers with an improved understanding pertaining to the Malaysian bank customers’ usage intentions for Islamic credit cards. The research helps them to better planning for Islamic credit card facilities in order to cater better the financial needs of Malaysia bank customers.Originality/value - Originality/value – The contribution of the research lies in achieving a more profound understanding on the Malaysia bank customers’ usage intentions for Islamic credit cards. The research manages to discover the factors, which are particularly determining the use of Islamic credit card. It also expands the literature on Islamic credit card particularly.

Saturday, March 10, 2012

A CLUSTER ANALYSIS AMONG MALAYSIANS FOR ISLAMIC DEPOSIT PRODUCTS

Published by the
Journal of Islamic Banking and Finance
Volume - 28, Number - 3, July-Sept 2011
pp.58-74

The authors

Hanudin Amin and Mohd Zulkifli Muhammad
Labuan School of International Business and Finance
Universiti Malaysia Sabah


Abstract
The aim of this study is to obtain a better understanding of student’s selection criteria with respect to Islamic deposit products. The study presents primary data collected by self-administered questionnaires involving a sample of 154 undergraduate students in Labuan, Malaysia. Findings of the study are classified into six clusters. For cluster 1, members of this cluster were likely choose Islamic deposit products on the basis of “friendliness of banks’ staff” but not to “availability of ATM in several locations”. For cluster 2, members of this cluster expressed the greatest tendency on “availability of ATM in several locations” when selecting Islamic deposit products. For cluster 3, members of this cluster seem to have lower preference with respect to selection criteria for Islamic deposit products. For cluster 4, members of this cluster expressed a tendency to choose Islamic deposit products on the basis of “gift reward” and “family influences”. Further, members of cluster 5 were likely choose Islamic deposit products on the basis of “availability of ATM in several locations” but not to “family influences”. Finally, for cluster 6, members of this cluster preferred to choose Islamic deposit products when the rate of return offered for the products is higher. The results are primarily of its potential to bank managers who might want to bring forward specific Islamic deposit products policies for different target groups. The managers could use the outcomes of the current study for better planning of Islamic deposit products.

KeywordsDeposit products, Islamic bank, Choice Criteria, Frequency analysis, Cluster analysis, Malaysia.



Saturday, November 12, 2011

IS THE THEORY OF REASONED ACTION VALID FOR AR-RAHNU? AN EMPIRICAL INVESTIGATION

Published by the
Australian Journal of Basic and Applied Sciences (AJBAS)
Volume - 5, Number - 10, October 2011
http://www.insipub.com/ajbas/2011/October-2011/716-726.pdf

The authors

Hanudin Amin and Rosita Chong
Labuan School of International Business and Finance
Universiti Malaysia Sabah

Abstract

This study examines the applicability of theory of reasoned action (TRA) in a context of Islamic pawnshop using structural equation modelling (SEM). The present study presents a simplified theory of TRA, hence it is intended to test whether the two constructs in the theory are acceptable or not in a newly context of Islamic pawnshop. The simplified theory is tested using survey data from 250 respondents. Out of these, only 221 questionnaires are found to be usable whilst the rest are omitted owing to the incomplete responses. The results reveal that attitude was significantly related to the intention to use Islamic pawnshop. Subjective norm was also significantly associated with the intention to use Islamic pawnshop. In sum, the present study provides us valuable insights for service providers to future planning of Islamic pawnshop businesses. 

Sunday, August 7, 2011

MODELLING AR-RAHNU USE IN EASTERN MALAYSIA: PERSPECTIVES OF MUSLIMAH

Published by the
Journal of Islamic Economics, Banking and Finance (JIEBF)
Volume - 7, Number - 3, July - September 2011 (pp.63-76)
http://www.ibtra.com/pdf/journal/v7_n3_article4.pdf


The author

Hanudin Amin
Labuan School of International Business and Finance
Universiti Malaysia Sabah

Abstract
Islamic women or Muslimah play pivotal role in promoting the development of ar-Rahnu transactions in Malaysia. As such, this current study is aimed at explaining the factors affecting Muslimah decision to utilise Islamic-based pawnshop in Eastern Malaysia. Employing structural equation modelling, this research examines the interaction between the factors and the Muslimah usage intentions for ar-Rahnu in Eastern Malaysia. To achieve this goal, the study used primary data collected by a survey with the help of a questionnaire administered through personal interviews. The study found out that religious obligation, transaction cost and information on ar-Rahnu were instrumental in determining the use of Islamic-based pawnshop in Eastern Malaysia. This result is of utmost importance for calling a better planning for Islamic-based pawnshop in the future in terms of Shariah adherence, reasonable cost charged and the awareness program. Yet, it is an inventive attempt by the author to highlight the interaction between the three factors and the Muslimah usage intentions for ar-Rahnu.