Homeownership through asnaf home financing in Malaysia: An empirical investigation

Hanudin Amin (2024) Homeownership through asnaf home financing in Malaysia: An empirical investigation. International Journal of Housing Markets and Analysis. pp. 1-24. ISSN 1753-8270

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Abstract

The purpose of this study is to examine asnafs’ acceptance of home financing in Malaysia. Design/methodology/approach – This work developed and introduced the Maqasid theory of consumer behaviors (MTCB) to examine the effects of educational programmers, mortgage welfare, consumer justice and Islamic debt policy on receptiveness. Data analysis involving 733 respondents was conducted using partial least squares (PLS), where SmartPLS4.0 software comes into play. Findings – In the core model, the effects of the MTCB’s variables helped shape the development of asnaf home financing acceptance. Research limitations/implications – This study was based on quantitative data and geographical constraints. Practical implications – The findings provide valuable inputs for the Joint Committee Body (JCB), combining Islamic banks and State Islamic Religious Councils to develop action plans for improving the facility offered. Social implications – This work functioned as a social benchmark for improving Islamic home financing that includes asnafs’ homeownership. Originality/value – A new conceptual framework for asnaf home financing drawn from MTCB is developed in the context of asnafs’ homeownership

Item Type: Article
Keyword: Asnaf, Islamic social finance, House finance, Maqasid al-Shariah, Malaysia
Subjects: A General Works > AC Collections. Series. Collected works > AC1-999 Collections. Series. Collected works > AC1-195 Collections of monographs, essays, etc. > AC9-195 Other languages
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1-610 Islam. Bahai Faith. Theosophy, etc. > BP1-253 Islam > BP173.25-173.45 Islamic sociology
Department: FACULTY > Labuan Faculty of International Finance
Depositing User: JUNAINE JASNI -
Date Deposited: 03 Sep 2025 10:28
Last Modified: 03 Sep 2025 10:28
URI: https://eprints.ums.edu.my/id/eprint/45110

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