Maizaitulaidawati Md Husin, Shahab Aziz and Tariq Bhatti
This paper aims to investigate the influence of investors’ attitudes on their decision-making. Two subjective perception factors, brand familiarity and perceived trust, were…
Abstract
Purpose
This paper aims to investigate the influence of investors’ attitudes on their decision-making. Two subjective perception factors, brand familiarity and perceived trust, were proposed to influence investors’ attitudes and decision-making. This paper also suggests the potential mediating effect of attitude on decisions on Islamic stock investment.
Design/methodology/approach
Data were collected using a primary data collection method. Questionnaires were used and distributed to a sample size of 250 Malaysian investors in the Klang Valley aged between 25 and 50 years old. Data were analysed using SPSS and Structural Equation Modelling–Partial Least Squares.
Findings
Seven hypotheses were proposed, and six were supported. The findings show that brand familiarity and perceived trust have a significant relationship with attitude. Brand familiarity and attitude have a significant relationship with investment decision behaviour. The relationship between perceived trust and attitude also reveals significant findings. However, perceived trust was found to have an insignificant relationship with investment decision behaviour. Mediation analysis shows that attitude mediates the relationship between brand familiarity and investment decision behaviour. Attitudes are also found to mediate the relationship between perceived trust and investment decision behaviour.
Practical implications
It is recommended that publicly listed companies emphasize and devote extra efforts to enhancing investors' familiarity with and favour their brand. In addition, to build an investor’s trust, a company must be consistent in dividend payments. Such action may improve the probability of the company’s stock being chosen for investment.
Originality/value
Subjective perceptions of investors' decision-making in Islamic stock investment have yet to be thoroughly explored in the literature, especially in the Malaysian context. In this paper, the indirect relationship between brand familiarity and perceived trust in attitude is tested. This paper contributes to consumer behaviour and marketing of Islamic stock investment research area.
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Jamhuri Binti Talib, Shahab Aziz and Maizaitulaidawati Md Husin
The purpose of this paper is to present a bibliometric overview of research published in takaful by identifying the most relevant research in this field and the newest trends…
Abstract
Purpose
The purpose of this paper is to present a bibliometric overview of research published in takaful by identifying the most relevant research in this field and the newest trends according to the information in the Scopus database. Several classifications are made, including analyzing the most productive authors, the most influential journals, the collaboration between countries and the highly cited articles.
Design/methodology/approach
This paper collected data from Scopus databases from 1989 to 2023. The Bibliometrics, R-Studio, VOSviewer and Excel software were used to analyze the collected data. Bibliographic analysis was applied, consisting of co-authorship, cartographic, co-citation and coupling analyses.
Findings
This paper found that the publication and citation of takaful are increasing over time, contributing to significant progress in impact and visibility. Salman, Ghazali, Hassan and Mamat are the most productive authors. Malaysia is the most cited country, followed by the UK, while institutions from Malaysia are leading the publication of takaful literature. In terms of collaboration between countries, network collaboration was found between countries in Asia (Malaysia and Indonesia), Central Asia (Pakistan and Bangladesh), the Middle East (the United Arab Emirates and Bahrain), Europe (the UK) and North America (the USA).
Originality/value
This paper examines the evolution of takaful literature using bibliometric analysis. The findings and potential applications of this research could be very beneficial to scholars and researchers in creating more dynamic improvements in the scientific development of takaful.
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Shahab Aziz, Maizaitulaidawati Md Husin, Sidra Gazali, Eman Zameer Rahman and Zahra Afaq
This paper aims to provide bibliometric data from previously published research in Islamic marketing. To assess the knowledge structure of research in Islamic marketing and to aid…
Abstract
Purpose
This paper aims to provide bibliometric data from previously published research in Islamic marketing. To assess the knowledge structure of research in Islamic marketing and to aid future research, several categories were analysed, such as the most influential authors, the keywords and the themes of the previously published research. The paper also analyses the content of the previously published research in this field to identify the gaps and provide future research direction.
Design/methodology/approach
Using a quali-quantitative approach known as meta-literature review, we analysed the Islamic marketing literature from 2001–2023. The authors reviewed and analysed 208 papers through bibliometric citation analysis (using R-Studio, VOSviewer and Excel) and content analysis.
Findings
The findings revealed that Malaysia is the most influential country researching Islamic Marketing, and most of the papers were published by the Journal of Islamic Marketing. “Islamic”, “Marketing” and “halal” are among the top three keywords used by the authors publishing in this field. It was found that the impactful authors in Islamic marketing are Wilson, Alserhan and Sandikci, and the impactful source is the Journal of Islamic Marketing. The authors also found that the past research in this field focuses on qualitative research methods, and the objective is more towards providing a general understanding of the concept of Islamic marketing, while the current research agenda is more towards behavioural study and uses quantitative analysis.
Practical implications
By identifying core journals, seminal papers and influential authors, researchers can gain insights into the intellectual structure of a discipline in this field. This study also supports decision-makers, such as funding agencies or policymakers, and assists in making informed decisions related to resource allocation and research priorities.
Originality/value
This comprehensive study examines previously published research and contributes to mapping knowledge domains in Islamic marketing. Reviewing and analysing the published research on Islamic marketing, the authors provide 11 future research questions to extend the research on this topic. The findings of this research benefit practitioners and researchers wishing to embark on research in this niche field.
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Maizaitulaidawati Md Husin, Shahab Aziz and Mehwish Iqbal
This paper aims to provide bibliometric data from previously published research in Islamic fund management. Several categories, such as the most influential authors, the keywords…
Abstract
Purpose
This paper aims to provide bibliometric data from previously published research in Islamic fund management. Several categories, such as the most influential authors, the keywords and themes of the previously published research, were analyzed. Also, this paper provides a rigorous background for Islamic mutual funds research by synthesizing and reviewing the content of the previously published research to identify the gaps and provide future research direction.
Design/methodology/approach
Data were gathered from Scopus databases from the year 2007 until 2022. A total of 115 articles were found published over the period of 15 years. Three different software, namely, R-Studio, VOSviewer and Excel are used to analyze the data that depict, among others, the most impactful authors in the field, the top journals covering Islamic fund management research and the most cited document. Content analysis of the previously published research was also provided.
Findings
Publication in Islamic funds started gaining attention in the year 2012 and after. Collaborative works on Islamic funds are not strong yet among the contributory nations, although the USA and Malaysia contributed the highest number of publications. This study also found that there was a lack of research collaboration among authors in this research field, and most of the articles published were concentrated on the performance measurements of Islamic funds.
Research limitations/implications
Researchers might find the results of this paper useful, as they provide a comprehensive analysis of the previously published research in the field.
Practical implications
While these findings gave an overview of the intellectual structure of the research field, they also have the potential to inspire scholars working on Islamic funds research to collaborate on new research projects. Managers can also use this research to further enhance the emergence of Islamic fund management.
Originality/value
This is a comprehensive paper that examines previously published research in the field of Islamic fund management. The findings of this research benefit practitioners and researchers wishing to embark on research in this niche area.
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Shahab Aziz, Maizaitulaidawati Md Husin, Nazimah Hussin and Zahra Afaq
The purpose of this paper is to investigate the factors that affect one’s attitude and intentions towards family takaful schemes, apart from evaluating the mediating role of…
Abstract
Purpose
The purpose of this paper is to investigate the factors that affect one’s attitude and intentions towards family takaful schemes, apart from evaluating the mediating role of perceived trust in the relationship between perceived religiosity and attitude towards family takaful. Most prior studies have considered religiosity as an individual’s tendency to be religious. However, the present study employed perceived religiosity as one’s perception regarding shariah compliance practices of family takaful schemes. Moreover, this study examines the direct relationship between perceived religiosity and attitude and the indirect relationship between perceived religiosity and trust.
Design/methodology/approach
A sample of 224 salaried individuals was selected with an age range of 24–50. Variance-based partial least squares structural equation modelling was employed for data analysis.
Findings
The results showed that knowledge and perceived usefulness (PU) had significantly positive relationships with attitude towards family takaful schemes. Perceived trust completely mediated the relationship between perceived religiosity and attitude towards family takaful. Attitude was positively related to purchase intention regarding family takaful.
Practical implications
The findings of the study are important for Islamic financial institutions, especially for takaful companies to revamp their marketing strategies. With enhanced understanding regarding consumer behaviour, takaful companies can sell their products in a more effective manner to increase their market share.
Originality/value
Behavioural aspects regarding the purchase of Islamic insurance products have yet to be profoundly explored in the literature. The indirect relationship between perceived religiosity and trust is established in this study. The study contributes to the field of consumer behaviour and marketing of Islamic financial products.
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Zahra Afaq, Amir Gulzar and Shahab Aziz
This study assessed the roles of atmospheric harmony, human crowding and sensation seeking towards hedonic value to determine re-patronage intention amongst mall consumers…
Abstract
Purpose
This study assessed the roles of atmospheric harmony, human crowding and sensation seeking towards hedonic value to determine re-patronage intention amongst mall consumers. Additionally, this study aims to investigate the moderating roles of past experience amidst mall consumers within the context of Pakistan.
Design/methodology/approach
The study data were collected from 334 mall consumers of Rawalpindi/Islamabad, Lahore and Karachi by using the judgemental sampling technique. Data analysis was performed using SmartPLS 3 via partial least squares structural equation modelling.
Findings
This study revealed that atmospheric harmony and human crowding displayed positive and adverse impacts, respectively, on hedonic value. The sensation seeking tendencies exerted by the consumers displayed no significant impact on hedonic value in light of mall habitat. The hedonic value exhibited a mediating role for the relationships of re-patronage intention with atmospheric harmony and human crowding. Besides, a significant interaction was noted between hedonic value and past experience in light of re-patronage intention.
Originality/value
The proposed model embeds hedonic value as a second higher-order construct, apart from amalgamating environmental and psychological factors of the mall shoppers to determine their re-patronage intentions. The study outcomes posit that mall re-patronage intention is built on several factors that offer mall managers an opportunity to enrich the hedonic consumption experience among mall consumers, aside from ensuring their re-patronage intention.
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Hummera Saleem, Malik Shahzad Shabbir, Bilal Khan, Shahab Aziz, Maizaitulaidawati Md Husin and Bilal Ahmed Abbasi
This empirical analysis tries to examine determinants of private foreign direct investment (FDI) in Pakistan using the bounds test approach. Main determinants of FDI among them…
Abstract
Purpose
This empirical analysis tries to examine determinants of private foreign direct investment (FDI) in Pakistan using the bounds test approach. Main determinants of FDI among them are the size of the market (Q) macroeconomic stability (r), political stability (PRS), real exchange rate (REX) and institutional quality (INQ).
Design/methodology/approach
This study used annual time-series data set starting from 1980 to 2016. This study has used time-series data with ARDL and error-correction model (ECM) and examined main determinants of FDI for Pakistan. The study used the Granger causality test (modified WALD test) to identify the causality among the variables.
Findings
Moreover, empirical findings indicate the long-run relationship between GDP, trade openness and institutional quality toward FDI. However, political instability, inflation and real exchange rate harm FDI in Pakistan. Furthermore, results of Granger causality indicate that the bidirectional causality running from FDI and Q toward FDI is significant, providing evidence of FDI-led growth hypotheses in Pakistan. This study determines the correlation between FDI and Q (GDP growth) related to the “feedback hypothesis” in the short and long run. This study also concludes that the short-run causal connection among FDI, REX, PRS, r and Q follows the “feedback hypothesis.” This describes that FDI, REX, PRS, r and Q variables are jointly determined and affected together.
Originality/value
This study also explores the causal association between FDI and its significant determinants, by using methods of Granger causality test and the approach of Toda-Yamamoto-DoladoLutkephol (TYDL) to examine the causal relationship and its directions among these variables.
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Eman Zameer Rahman, Shahab Aziz, Syed Bilawal Ali Shah and Andi Asrifan
This chapter examines the effect of the Regenerative Tourism Movement on the global industry and the role of Artificial Intelligence (AI) in driving sustainability and innovation…
Abstract
This chapter examines the effect of the Regenerative Tourism Movement on the global industry and the role of Artificial Intelligence (AI) in driving sustainability and innovation. The Regenerative Tourism Movement represents a paradigm shift in the tourism industry, focussing on the interconnectedness of economic, social, cultural, and environmental well-being. This approach aims to generate positive impacts on local systems by fostering partnerships, diversity in local economies, and transformative experiences for travelers. This chapter explores the key principles and nature-based solutions associated with regenerative tourism. Additionally, it delves into the role of AI in the tourism sector, highlighting its potential to enhance sustainability practices, deliver personalised experiences, and streamline operations. Various AI tools and technologies, such as data analytics, machine learning, natural language processing, computer vision, IoT integration, recommender systems, optimisation algorithms, blockchain technology, and AR/VR, are discussed in the context of regenerative tourism. This chapter concludes by outlining the benefits of AI in sustainable and regenerative tourism, emphasising reduced environmental impact, enhanced efficiency, and improved customer service. It also highlights the challenges and considerations associated with AI adoption in the tourism industry. Recommendations for the integration of AI-driven solutions and future directions for research in this field are provided, aiming to inspire further exploration and implementation of AI in regenerative tourism.
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Alhamzah Alnoor, Gül Erkol Bayram, Chew XinYing and Syed Haider Ali Shah
This book is essential for anyone in artificial intelligence (AI) and destination management in the tourism industry or government. The book includes both theoretical and…
Abstract
This book is essential for anyone in artificial intelligence (AI) and destination management in the tourism industry or government. The book includes both theoretical and practical writings for stakeholders. In all chapters, we provide titles including AI, regenerative and green destinations, sustainable tourism, tourist motivations and expectations, good examples of smart destinations and regions, the regeneration of the tourism industry via AI, rethinking tourism activities and products, current issues in robots, self-service technology, effect of pandemic on smart destinations, sustainable gastronomy and regenerative tourism and tourism issues are discussed in the management plans of the centralisation. This book provides cases and empirical studies that deal in depth with the current situation, challenges, solutions and future strategies after technological development of tourism and increasing interest on smart destinations from a responsible perspective, for readers with an equitable interest or involvement with the organizations in inquiry.