What drive investors to invest in socially responsible investment Sukuk? A pilot study / Mohamad Rozain Abbas, Nurhazrina Mat Rahim and Norli Ali

Abbas, Mohamad Rozain and Mat Rahim, Nurhazrina and Ali, Norli (2023) What drive investors to invest in socially responsible investment Sukuk? A pilot study / Mohamad Rozain Abbas, Nurhazrina Mat Rahim and Norli Ali. International Journal of Service Management and Sustainability, 8 (2): 6. pp. 111-138.

Abstract

Socially Responsible Investment (SRI) Sukuk has been around for almost a decade in Malaysia to promote funding for sustainable and responsible investment. Yet the issuance of SRI Sukuk remains limited and concentrates only on renewable energy projects. As the Sukuk is issued based on demand, it is crucial to identify the factors stimulating that demand. Theoretically, investors' attitudes towards the investment and the financing instrument, subjective norms, and moral intensity may influence such demand. Thus, this study intends to investigate the impact of attitude (AT), subjective norm (SN), and moral intensity (MI) on SRI Sukuk investors’ intention (SII). It also adopted an online survey technique to collect 55 samples from fund managers of institutional investors.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Abbas, Mohamad Rozain
UNSPECIFIED
Mat Rahim, Nurhazrina
UNSPECIFIED
Ali, Norli
UNSPECIFIED
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > H Social Sciences (General) > Research
Divisions: Universiti Teknologi MARA, Sarawak
Journal or Publication Title: International Journal of Service Management and Sustainability
UiTM Journal Collections: UiTM Journal > International Journal of Service Management and Sustainability (IJSMS)
Volume: 8
Number: 2
Page Range: pp. 111-138
Keywords: Socially Responsible Investment; SRI Sukuk; Sustainable; Islamic Finance; Theory of Planned Behavior; Issue-Contingent Model
Date: 2023
URI: https://ir.uitm.edu.my/id/eprint/85328
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