Investigating drivers of qardhul hassan financing acceptance in the time of COVID-19: a Malaysian breadwinner perspective

Hanudin Amin (2022) Investigating drivers of qardhul hassan financing acceptance in the time of COVID-19: a Malaysian breadwinner perspective. International Journal of Social Economics, 50 (8). pp. 1193-1152. ISSN 0306-8293

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Abstract

This study was conducted to examine factors that could determine breadwinners' willingness to accept qardhul hassan financing in the time of coronavirus disease 2019 (COVID-19). Design/methodology/approach Drawing upon ‘Attitude, Social Influence and Self-Efficacy’ (ASE) model, this study examined the effects of attitude, subjective influence and self-efficacy on qardhul hassan financing acceptance during the pandemic. The sample size was 294 respondents who were all breadwinners and sourced from group bottom 40 or B40 in Malaysia. Findings The results obtained acknowledged that attitude, subjective influence and self-efficacy shaped the formation and development of breadwinners' acceptance to take up the facility during the pandemic at best for well-being. Research limitations/implications Future studies should include samples from other geographies in Malaysia along with new variables relevant to extend the findings. Practical implications The results obtained offer new action plans for Islamic social financial institutions to better plan the offered qardhul hassan financing to society at large. Originality/value There are two originalities drawn from this study. First, this study is a pioneering work in Malaysia examining the importance of qardhul hassan financing in the time of COVID-19. Second, this study used the ASE model in examining the breadwinners' acceptability of the financing facility in meeting basic needs and requirements.

Item Type:	Article
Keyword:	Financial inclusion, Social development, Breadwinner, Islamic social finance, COVID-19, Malaysia
Subjects:	H Social Sciences > HG Finance > HG1-9999 Finance > HG1501-3550 Banking
Department:	FACULTY > Labuan Faculty of International Finance
Depositing User:	DG MASNIAH AHMAD -
Date Deposited:	01 Feb 2024 15:45
Last Modified:	01 Feb 2024 15:45
URI:	https://eprints.ums.edu.my/id/eprint/38109

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