Factors influencing Nigerians to invest in sukuk for infrastructure development / Ibraheem Alani AbdulKareem, Mohd Sadad Mahmud and Muqaddam Oyetunji Ali

Oyetunji Ali, Muqaddam and Mahmud, Mohd Sadad and AbdulKareem, Ibraheem Alani (2021) Factors influencing Nigerians to invest in sukuk for infrastructure development / Ibraheem Alani AbdulKareem, Mohd Sadad Mahmud and Muqaddam Oyetunji Ali. Journal of Emerging Economies & Islamic Research, 9 (2). pp. 57-75. ISSN (e-ISSN): 2289-2559

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Abstract

This study investigates the factors influencing the intention to invest in Sukuk towards infrastructural development in Nigeria. In this study, a quantitative research approach is used to obtained data through survey method and online questionnaires. Data were obtained in Abuja, the capital of Nigeria, from 163 investors and potential investors in Sukuk. The result showed that attitude, subjective norms, perceived behavioral control, and religiosity have a positive significant relationship with intention to invest in Sukuk. In addition, the finding of the study showed that the amount of information has a negative significant relationship with intention to invest in Sukuk. Therefore, the result of this study may help Sukuk issuers in identifying the factors that influence the intention to invest in Sukuk among the potential investors. This study contributes to the Islamic financial institutions by confirming the factors that may influence the intention of Nigerian to invest in Sukuk for infrastructural development.

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Item Type: Article
Creators:
Creators
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Oyetunji Ali, Muqaddam
UNSPECIFIED
Mahmud, Mohd Sadad
UNSPECIFIED
AbdulKareem, Ibraheem Alani
ibraheemalani1@yahoo.com
Subjects: H Social Sciences > HG Finance > Investment, capital formation, speculation
H Social Sciences > HJ Public Finance > Finance, Islamic
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies & Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: (e-ISSN): 2289-2559
Volume: 9
Number: 2
Page Range: pp. 57-75
Official URL: https://doi.org/10.24191/jeeir.v9i2.13212
Item ID: 47467
Uncontrolled Keywords: Sukuk, Islamic Financial Institutions, Intention to Invest
URI: https://ir.uitm.edu.my/id/eprint/47467

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47467

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