Islamic insurance in the European countries : insights from French Muslims’ perspective

Part of : WSEAS transactions on business and economics ; Vol.10, No.3, 2013, pages 125-132

Issue:
Pages:
125-132
Author:
Abstract:
The main purpose of the study is to investigate the willingness of the French Muslims to adopt Islamic insurance (takaful), as well as the factors that may influence their decision. Accordingly, 100 questionnaires were distributed to French Muslims in several cities. The data was analysed using Structural Equation Modelling (SEM) as well as one sample t-test. The findings indicate that subjective norm has a positive influence on the attitude towards Islamic insurance services. Furthermore, attitude and perceived behavioural control were found to have a positive influence on the intention to adopt these services. Finally, the French Muslims have shown willingness to adopt takaful services as an alternative to the existing conventional insurance services depending on the above dimensions.
Subject:
Subject (LC):
Keywords:
France, Europe, Islamic insurance, Takaful, SEM, TPB
Notes:
Περιέχει σχήματα, πίνακες και βιβλιογραφία
References (1):
  1. [1] Ajzen, I. (1991), “The theory of plannedbehavior”, Organizational Behavior andHuman Decision Processes, 50, pp. 179-211.[2] Al-Harbi, K.A. (2010), “E-learning in the Sauditertiary education: Potential and challenges”,Applied Computing and Informatics, 9, pp. 3146.[3] Aziz, W.A.B.W.A., Mat, A.B.C. and Zin,E.A.M.E.W. (2011), “A study of contributingfactors in Islamic Motor insurance”, GaziantepUniversity Journal of Social Sciences, 10, pp.1-20.[4] Bashir, M.S., Mail, N.H.H. and Abd’Ali,M.J.A.B. (2011), “Consumers’ perceptions ontakaful business in Brunei Darussalam”,Proceedings of the International Conference onManagement, pp. 1145-1163.[5] Browne, M.W. and Cudeck, R. (1993),“Alternative ways of assessing model fit”, InK.A. Bollen & J.S. Long (Eds), TestingStructural Equation Models (136-62), NewburyPark, CA: Sage.[6] Caperchione, C., Duncan, M., Mummery, K.,Steele, R. and Schofield, G. (2008), “Anexamination of the mediating relationshipbetween body mass index and the directmeasures of the theory of planned behaviour onphysical activity intention”, Psychology, Healthand Medicine, 13, pp. 168-179.[7] Celuch, K. G., Goodwin, S. and Taylor, S. A.(2007), “Understanding Small Scale IndustrialUser Internet Purchase and InformationManagement Intentions: A Test of TwoAttitude Models”, Industrial MarketingManagement, 36, pp. 109-120.[8] Dawkins, C.E., and Frass, J.W. (2005),“Decision of union workers to participate inemployee involvement: an application of thetheory of planned behavior”, EmployeeRelations, 27, pp.511 – 531.[9] Fishbein, M. and Ajzen, I. (1975),Understanding attitudes and predicting socialbehavior, Prentice-Hall, New Jersey.[10] Francis, J.J., Eccles, M.P., Johnston, M.,Walker, A., Grimshaw, J., Foy, R., Kaner,E.F.S., Smith, L. and Bonetti, D. (2004),Constructing questionnaires based on thetheory of planned behaviour: A manual forhealth services researchers, Centre for HealthServices Research, University of Newcastle,United Kingdom.[11] Gelderen, M.V., Brand, M., Praag, M.V.Bodewes, W., Poutsma, A. and Gils, A.V.(2008), ”Explaining entrepreneurial intentionsby means of the theory of planned behavior”,Career Development International, 13, pp.538559.[12] Hair, J.F., Black, W.C., Babin, B.J. andAnderson, R.E. (2010), Multivariate dataanalysis, seventh edition, Prentice Hall, Uppersaddle river. N. J.[13] Hamid, F.S. (2011), “Measuring service qualityin the takaful industry”, SEGi Review, 4, pp.118-124.[14] Hill, D.M. (2008), Contextual(Setting/situational) control of pro/antienvironmentalbehaviour, Unpublished PhDThesis, University of Arizona, USA.[15] Hu, L.T. and Bentler, P.M. (1999), “Cutoffcriteria for fit indices in covariance structureanalysis: conventional criteria versus newalternatives”, Structural Equation Modelling, 6,pp. 1-55.[16] Ismail, I., Mat Desa, N.N. and Taupek, N.N.A.(2013), “Do civil servants accept Islamicbanking system in Malaysia?”, InternationalJournal of Education and Research, Vol. 1 No.1, pp. 1-7.[17] Kanat, I.H., and Özkan, S. (2009), “Exploringcitizens' perception of government to citizenservices: A model based on theory of plannedbehaviour (TBP)”, Transforming Government:People, Process and Policy, 3, pp.406-419.[18] Kim, J. and Forsythe, S. (2010), “Factoraffecting adoption of product virtualisationtechnology for online consumer electronicsshopping”, International Journal for Retail andDistribution Management, 38, pp. 190-204.[19] Lee, J., Cerreto, F. A., & Lee, J. (2010),“Theory of planned behavior and teachers'decisions regarding use of educationaltechnology”, Educational Technology &Society, 13, pp. 152–164.[20] Lee, J. (2008), Predicting the use of onlinevideo advertising: Using the theory of plannedbehaviour, Unpublished Master Thesis,Michigan State University, USA.[21] Lu, H.Y., Hou, H.Y., Dzwo, T.H., Wu, W.C.,Andrews, J.E., Weng, S.T., Lin, M.C. and Lu,J.Y. (2010), “Factors influencing intentions totake precautions to avoid consuming foodcontaining dairy products: Expanding thetheory of planned behavior”, British FoodJournal, 112, pp.919-933.[22] Masrom, M., Hussein, R. (2008), UserAcceptance of Information Technology:Understanding Theories and Model, VentonPublishing, Kuala Lumpur.[23] Muhamat, A.A., Jaafar, M.N. and Ali Azizan,N.B. (2011), “An empirical study on banks’clients’ sensitivity towards the adoption ofArabic terminology amongst Islamic banks”,International Journal of Islamic and MiddleEastern Finance and Management, Vol. 4 No.4, pp. 343-354.[24] Musara, M. and Fatoki, O.(2010), “Hastechnological innovations resulted in increasedefficiency and cost savings for banks’customers?”, African Journal of BusinessManagement, Vol. 4 No. 9, pp. 1813-1821.[25] Ozer, G. and Yilmaz, E. (2011), “Comparisonof the theory of reasoned action and the theoryof planned behaviour: An application onaccountants’ information technology usage”,African Journal of Business Management, 5,pp. 50-58.[26] Shih, Y.Y. and Fang, K. (2004), “The use of adecomposed theory of planned behavior tostudy Internet banking in Taiwan”, InternetResearch, 14, pp. 213-223.[27] Siddiqi, K.O. (2011), “Interrelations betweenservice quality attributes, customer satisfactionand customer loyalty in the retail bankingsector in Bangladesh”, International Journal ofBusiness and Management, Vol. 6 No. 3, pp.12-36.[28] Siragusa, L, and Dixon, K. (2009), “Theory ofplanned behaviour: Higher education students'attitudes towards ICT-based learninginteractions”, ASCILITE 2009 Auckland: SamePlaces, Different Spaces, 07/12/2009.Auckland, New Zealand: The University ofAuckland, Auckland University of Technologyand Australasian Society for Computers inLearning in Tertiary Education (ASCILITE).[29] Tarkiainen, A. and Sundqvist, S. (2005),“Subjective norms, attitudes and intentions ofFinnish consumers in buying organic food”,British Food Journal, 107, pp.808 – 822.[30] Tohidina, Z. and Mosakhani, M. (2010),“Knowledge sharing behaviour and itspredictors”, Industrial management and datasystems, 110, pp. 611-631.[31] Wu, S., Lin, C.S. and Lin, J. (2011), “Anempirical investigation of online users’keyword ads search behaviours”, OnlineInformation Review, 35, pp. 177-193.[32] Yousafzai, S. Y., Foxall, G. R. and Pallister, J.G. (2010), “Explaining internet bankingbehavior: Theory of reasoned action, theory ofplanned behavior, or technology acceptancemodel?” Journal of Applied Social Psychology,40, pp. 1172-1202.