The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]

Saharan, Mohd Shafiz and Jamaludin, Mohd Fazil and Adzahar, Khairul Azfar and Othman, Nur Fitrah and Norddin, Nor Athirah (2018) The awareness of Islamic retirement planning and the practice with Muslims employees in Malaysia / Mohd Shafiz Saharan...[et al.]. In: International Business & Management Academic Colloquium 2018. Faculty of Business & Management, Universiti Teknologi MARA (UiTM) Cawangan Kedah, Merbok, Kedah, p. 22. ISBN 9789670314563

Download

[thumbnail of Abstract only] Text (Abstract only)
36730.pdf

Download (469kB)

Abstract

This study examines the extent of Malaysians awareness on Islamic retirement planning and the predictors for the dependent variable. This study also delves into the concept of Islamic retirement planning, attitudes on investment, savings behaviour, social security and financial literacy to see the awareness issues surrounding the study of retirement. Studies have shown that Malaysians awareness on retirement planning can be considered low and only 40 percent is ready enough to retire while the rest need to retire with insufficient fund due to consumption and savings behaviour as predicted by the life-cycle theory of savings. As a country with Muslims as the dominant population, there is an urge to address this issue and to see whether or not their income and savings comply to Syariah. Data will be collected using questionnaire survey method on Muslim employees in private sectors in Malaysia. A total of 150 questionnaires will be distributed to obtain the data on the awareness of Islamic retirement planning among Muslims private employees. Data will further be analysed by the use of descriptive analysis, reliability analysis and regression analysis, and will be presented in the forms of frequency graph and table. This study expects to show the significant relationships between the independent variables which are attitudes on investment, savings behaviour, social security and financial literacy towards the awareness on Islamic retirement planning. The result is also expected to show a lower awareness of Islamic retirement planning as literatures found that most Malaysians are lacking in retirement planning. Therefore, it is important to look into extensive information regarding the level of awareness on the Islamic retirement planning so that some persistent efforts can be done in giving pre-retirement awareness program that complies to Syariah.

Metadata

Item Type: Book Section
Creators:
Creators
Email
Saharan, Mohd Shafiz
UNSPECIFIED
Jamaludin, Mohd Fazil
UNSPECIFIED
Adzahar, Khairul Azfar
UNSPECIFIED
Othman, Nur Fitrah
UNSPECIFIED
Norddin, Nor Athirah
UNSPECIFIED
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > Personal finance. Financial literacy
Divisions: Universiti Teknologi MARA, Kedah > Sg Petani Campus > Faculty of Business and Management
Page Range: p. 22
Item ID: 36730
Uncontrolled Keywords: Islamic retirement planning, awareness, attitudes on investment, savings behaviour, social security and financial literacy
URI: https://ir.uitm.edu.my/id/eprint/36730

ID Number

36730

Indexing


View in Google Scholar

Edit Item
Edit Item