Publication:
Factors influencing home refinancing decision among muslim customers

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dc.contributor.affiliationsFaculty of Economics and Muamalat
dc.contributor.affiliationsUniversiti Sains Islam Malaysia (USIM)
dc.contributor.authorRamli N.M.en_US
dc.contributor.authorMuhamed N.A.en_US
dc.contributor.authorAziz S.A.en_US
dc.contributor.authorYaakub N.A.en_US
dc.date.accessioned2024-05-29T01:56:50Z
dc.date.available2024-05-29T01:56:50Z
dc.date.issued2013
dc.description.abstractThe objective of this study is to determine the factors influencing home refinancing among Muslim customers in Malaysia. For conventional banks, the common reasons are interest rate and monthly payment reduction of the loan. However, these reasons might not be applicable for bank customers who refinanced their loans by switching from conventional to Islamic home refinancing schemes. The study distributed 150 survey questionnaires for Muslim bank customers at 11 states and Federal Territory of Kuala Lumpur in February to March 2011. The findings indicated that reasons for refinancing were fluctuation of home financing profit rate, reduction of maturity period and monthly payment, good services of new banks and awareness among respondents to align their belief with their daily financial and economic practices. This study enhances the understanding of academics, scholars and bankers on factors influencing home refinancing activities, especially among Muslim customers in Malaysia. It is suggested that the future research can be done to compare home refinancing activities with the real changes in profit rates.en_US
dc.description.natureFinalen_US
dc.identifier.doi10.5829/idosi.mejsr.2013.13.1882
dc.identifier.epage60
dc.identifier.issn19909233
dc.identifier.issueSPLISSUE
dc.identifier.scopus2-s2.0-84879469986
dc.identifier.spage56
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84879469986&doi=10.5829%2fidosi.mejsr.2013.13.1882&partnerID=40&md5=c2b91b6cce81458c2ea3ce9964fa7721
dc.identifier.urihttps://www.idosi.org/mejsr/mejsr13(cifwm)13/10.pdf
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/9875
dc.identifier.volume13
dc.languageEnglish
dc.language.isoen_USen_US
dc.relation.ispartofMiddle East Journal of Scientific Researchen_US
dc.sourceScopus
dc.subjectHome refinancingen_US
dc.subjectIslamic banksen_US
dc.subjectMuslim customersen_US
dc.titleFactors influencing home refinancing decision among muslim customersen_US
dc.typeArticleen_US
dspace.entity.typePublication

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