Influencing Factors of Islamic Marketing in Achieving Consumer Intention towards Conventional and Takaful Products

Authors

  • Dr. Muhammad Nawaz Iqbal Business Administration Department, Sir Syed University of Engineering and Technology in Karachi – Pakistan
  • Dr. Jasmin Omercic Department of Economics of the Kulliyyah of Economics and Management Sciences (KENMS), International Islamic University Malaysia in Kuala Lumpur – Malaysia

DOI:

https://doi.org/10.48112/tibss.v2i3.829

Abstract

Abstract Views: 600

Products offered through Islamic channels are becoming more and more popular, however research into the specific factors influencing customers' intentions while buying life insurance in an Islamic setting is lacking. By providing perspectives on the dynamics of consumer intention in the market for products given to Muslim customers, this research seeks to fill the existing gap in the literature. The data, which came from 300 respondents, were examined using partial least squares structural equation modeling to ascertain how the variables related to one another. This study provides insightful information about the factors influencing Islamic marketing and customers' decisions to buy life insurance. With regard to Pakistan, this paper adds nothing less than novelty to the body of literature by delving into the factors that influence Islamic marketing leads to customer intention and utilizing more sophisticated statistical methods such as partial least square structural equation modeling and Confirmatory Factor Analysis (CFA).

Keywords:

Customer intention, Islamic marketing, Perceived product value, Product credibility, Shari’ah perception, Social acceptance

Author Biographies

Dr. Muhammad Nawaz Iqbal,

He is currently an Assistant Professor at the Business Administration Department, Sir Syed University of Engineering and Technology in Karachi – Pakistan. He obtained his Doctorate Degree in Management Sciences from the the Institute of Business Management (IoBM) in Karachi – Pakistan.

Dr. Jasmin Omercic,

He is currently an Assistant Professor at the Department of Economics of the Kulliyyah of Economics and Management Sciences (KENMS), International Islamic University Malaysia in Kuala Lumpur – Malaysia. He obtained his Doctorate Degree in Economics from the International Islamic University Malaysia in Kuala Lumpur – Malaysia.

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Published

2024-09-30

How to Cite

Iqbal, M. N., & Omercic, J. (2024). Influencing Factors of Islamic Marketing in Achieving Consumer Intention towards Conventional and Takaful Products. International Journal of Trends and Innovations in Business & Social Sciences, 2(3), 260–274. https://doi.org/10.48112/tibss.v2i3.829

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