Investment decision: A preliminary study of Muslim academia preferences

• Published in: Advanced Science Letters
• Main Author: Hazudin S.; Kader M.A.R.A.; Tarmuji N.H.; Aziz N.N.A.; Tajudin N.
• Format: Article
• Language: English
• Published: American Scientific Publishers 2017
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85032173599&doi=10.1166%2fasl.2017.9475&partnerID=40&md5=a4a580ffe09791faa9e6e7543ff5592d

With the rapid development of Islamic financial products and services in Malaysia, vast investment opportunities are made publicly available to cater for the Muslim financing needs. Yet, as the list added, it raises the question of whether an increase in the shariah investment avenues motivates the Muslim consumers to become more participative and advance themselves in the financial related decision making. This research was conducted with the aim to overview the preferred investment choices of selected respondents initially targeted among the academic staff of University Teknologi MARA Pahang. They are representing a group of high educated and income level people in expectation of their ability and capability of making a sound investment decision. The required data was obtained using questionnaires designed for a descriptive analysis. The finding of the study reveals that there exists a uniform pattern of preferences among the respondents towards the Tabung Haji investment. The current research brings forward the discussion and implications of the findings in the context of consequences from individual preferences of investment types and its consistency with the theoretical arguments. © 2017 American Scientific Publishers. All rights reserved.