Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme

Retirement planning is essential for wealth management in preparing for the retirement phase. Modern Portfolio Theory (MPT) focuses on the correlation between risk and investment, which indirectly encourages investors to engage in financial literacy. These fundamentals are important as retirement pl...

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Main Author:	Noor Hanny, Samsu Anuar
Format:	Thesis
Language:	eng eng
Published:	2022
Subjects:	HD Industries Land use Labor.
Online Access:	https://etd.uum.edu.my/10558/1/Grant%20the%20permission_s823449.pdf https://etd.uum.edu.my/10558/2/s823449_01.pdf
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id	my-uum-etd.10558
record_format	uketd_dc
spelling	my-uum-etd.105582023-07-16T01:00:37Z Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme 2022 Noor Hanny, Samsu Anuar Osman, Amirul Faiz Islamic Business School Islamic Business School HD Industries. Land use. Labor. HD4801-8943 Labor. Work. Working Class Retirement planning is essential for wealth management in preparing for the retirement phase. Modern Portfolio Theory (MPT) focuses on the correlation between risk and investment, which indirectly encourages investors to engage in financial literacy. These fundamentals are important as retirement planning and investment have a mutual relationship. Thus, investors would be able to experience reactions such as satisfaction behaviour. The product offered by EPF is Shariah-compliant and fits with the context of this study. This study aims to understand the contributors’ satisfaction behaviour on retirement planning when only the Shariah-compliant retirement scheme is applied in wealth management. Shariah-compliant retirement schemes have experienced growth over the years. However, there are unclear factors in determining the level of satisfaction of contributors with Shariah-compliant retirement schemes. This study incorporates Shariah compliance, Shariah awareness, and perceived risk as the independent factors in determining the satisfaction behaviour among the contributors. The study adopted the survey approach, using simple random sampling. Survey questionnaires were distributed among the contributors in the selected areas, namely Kuala Lumpur and Penang. Imperatively, the data was tested by Cronbach Alpha and EFA to improve the reliability of the survey. SPSS and Multiple Linear Regression analysis aided this study throughout analyzing the overall data to gain meaningful results. The research findings indicated Shariah compliance, Shariah awareness, and perceived risk positively correlate with contributors’ satisfaction. The study proved that perceived risk highly influences the satisfaction behaviour among the contributors of Shariah retirement schemes. This study could be revamped through future research by exploring on target respondents among rural population as well as including PRS contributors because this expansion would increase the schemes awareness and public association around Malaysia. 2022 Thesis https://etd.uum.edu.my/10558/ https://etd.uum.edu.my/10558/1/Grant%20the%20permission_s823449.pdf text eng staffonly https://etd.uum.edu.my/10558/2/s823449_01.pdf text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Osman, Amirul Faiz
topic	HD Industries Land use Labor. HD Industries Land use Labor.
spellingShingle	HD Industries Land use Labor. HD Industries Land use Labor. Noor Hanny, Samsu Anuar Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme
description	Retirement planning is essential for wealth management in preparing for the retirement phase. Modern Portfolio Theory (MPT) focuses on the correlation between risk and investment, which indirectly encourages investors to engage in financial literacy. These fundamentals are important as retirement planning and investment have a mutual relationship. Thus, investors would be able to experience reactions such as satisfaction behaviour. The product offered by EPF is Shariah-compliant and fits with the context of this study. This study aims to understand the contributors’ satisfaction behaviour on retirement planning when only the Shariah-compliant retirement scheme is applied in wealth management. Shariah-compliant retirement schemes have experienced growth over the years. However, there are unclear factors in determining the level of satisfaction of contributors with Shariah-compliant retirement schemes. This study incorporates Shariah compliance, Shariah awareness, and perceived risk as the independent factors in determining the satisfaction behaviour among the contributors. The study adopted the survey approach, using simple random sampling. Survey questionnaires were distributed among the contributors in the selected areas, namely Kuala Lumpur and Penang. Imperatively, the data was tested by Cronbach Alpha and EFA to improve the reliability of the survey. SPSS and Multiple Linear Regression analysis aided this study throughout analyzing the overall data to gain meaningful results. The research findings indicated Shariah compliance, Shariah awareness, and perceived risk positively correlate with contributors’ satisfaction. The study proved that perceived risk highly influences the satisfaction behaviour among the contributors of Shariah retirement schemes. This study could be revamped through future research by exploring on target respondents among rural population as well as including PRS contributors because this expansion would increase the schemes awareness and public association around Malaysia.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Noor Hanny, Samsu Anuar
author_facet	Noor Hanny, Samsu Anuar
author_sort	Noor Hanny, Samsu Anuar
title	Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme
title_short	Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme
title_full	Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme
title_fullStr	Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme
title_full_unstemmed	Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme
title_sort	incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme
granting_institution	Universiti Utara Malaysia
granting_department	Islamic Business School
publishDate	2022
url	https://etd.uum.edu.my/10558/1/Grant%20the%20permission_s823449.pdf https://etd.uum.edu.my/10558/2/s823449_01.pdf
_version_	1776103842503458816

Incorporating shariah compliance, shariah awareness and perceived risk on contributor’s satisfaction behaviour in shariah retirement scheme

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