RISK PERCEPTION AND INVESTMENT INTENTION IN ISLAMIC BANKS' TERM DEPOSITS: AN EMPIRICAL STUDY IN MOROCCO

European Journal of Economic and Financial Research Pub Date : 2023-10-01 DOI:10.46827/ejefr.v7i4.1571

Daoudi Jawad, Touhami Larbi

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Abstract

This study focuses on the impact of risk perception on the intention to invest in Islamic banks' term deposits in Morocco. Using quantitative methodologies, including statistical analysis, Cronbach's reliability tests, and structural equation modelling, the study assesses the influence of various factors, including perceived quality and perceived value, on the intention to invest. Contrary to expectations and the existing literature, the results suggest that risk perception has no statistically significant effect on the intention to invest in these financial products. However, perceived value shows a significant relationship with intention to invest, indicating its crucial role in financial decision-making within this specific context. These results have important implications for Islamic banks, policymakers, and researchers, as they challenge the conventional emphasis on risk perception in the Islamic finance literature. The results suggest that other factors, such as perceived quality and value, may play a more influential role in the intention to invest in Islamic term deposits.

JEL: G11, G 21, Z12, D81

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伊斯兰银行定期存款的风险认知与投资意愿:摩洛哥的实证研究

本研究的重点是风险认知对摩洛哥伊斯兰银行定期存款投资意愿的影响。本研究采用定量方法，包括统计分析、Cronbach信度检验和结构方程模型，评估了包括感知质量和感知价值在内的各种因素对投资意愿的影响。与预期和现有文献相反，结果表明风险感知对这些金融产品的投资意愿没有统计学上显著的影响。然而，感知价值显示出与投资意愿的显著关系，表明其在这一特定背景下的财务决策中的关键作用。这些结果对伊斯兰银行、政策制定者和研究人员具有重要意义，因为它们挑战了伊斯兰金融文献中对风险感知的传统强调。结果表明，其他因素，如感知质量和价值，可能在投资伊斯兰定期存款的意愿中发挥更大的影响作用。& lt; / strong> & lt; / p> & lt; p> & lt; strong> JEL: G11、Z12, D81< G 21日/ p> & lt; p>& lt; / p> & lt; p> & lt; strong>文章可视化:< < <img src="/-counters-/soc/0101/a.p php" alt="Hit counter" />

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European Journal of Economic and Financial Research

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