ISRA International Journal of Islamic Finance最新文献

{"title":"A Theoretical Analysis in Choosing Between Profit-Loss Sharing and Interest-Based Contracts: A Simple Game Model","authors":"Reza Gholami, Aisyah Abdul-Rahman, Fathin Faizah Said, Nor Ghani Md Nor","doi":"10.55188/ijif.v15i3.614","DOIUrl":"https://doi.org/10.55188/ijif.v15i3.614","url":null,"abstract":"Purpose — This study aims to investigate how participants decide between profit-loss sharing contracts (PLSC) and interest-based contracts (IBC) in an interactive environment. PLSC and IBC are two interesting financial arrangements. They are similar in that both transfer money from people who have excess money to those who are in need, but they are extremely different in sharing risks between participants. \u0000Design/Methodology/Approach — The participants’ profits change based on their role (as an investor or entrepreneur) and the selected contract because the contracts are entirely different in sharing or shifting risks. Thus, in the first step, various profit functions are constructed that differ according to each party’s role and major factors relevant to each contract. Afterwards, a mathematical game model (GM) is developed to consider the parties’ interaction concurrently. A numerical example also verifies the results. \u0000Findings — The results show that the business output level, auditing costs, collateral related costs, and market conditions or state of the economy (SoE) are major factors in deciding between IBC and PLSC. \u0000Originality/Value — This research sets up various profit functions (based on players’ roles and contracts), enriching them by the contract-related factors and SoE and developing a GM. The existing literature focuses on the investor’s optimal contract, while concluding a contract needs the mutual consent of the involved parties, not only the investor’s inclination. \u0000Practical Implication — This research provides a guideline for ‘parties’ share in PLSC’ and generally accepted auditing standards for auditing PLSC.","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136344410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Factors Influencing Charitable Giving in Malaysia: An Islamic Perspective","authors":"Mohamad Isa Abd Jalil, H. Amin, S. Yahya, A. A. Pitchay, Suddin Lada, Pg Mohd Faezul Fikri Ag Omar","doi":"10.55188/ijif.v15i2.545","DOIUrl":"https://doi.org/10.55188/ijif.v15i2.545","url":null,"abstract":"Purpose ― This study aims to discover how Islam, as a religion, influences its believers to contribute in the form of gifts, donations or charity, generally referred to as tabarruʿ. \u0000Design/Methodology/Approach ― Structural equation modelling analysis was used to investigate the online questionnaire responses from 402 Muslims who have contributed to charity. \u0000Findings ― The study finds that only targhīb (reward) and tarhīb (threat) have a significant positive relationship with tabarruʿ, while iḥsān (excellence) and ukhūwah (brotherhood)―despite showing positive influence―are not significant. It also highlights that the influences of targhīb and tarhīb are more robust when the respondent has a higher level of education.  \u0000Originality/Value ― To the best of the authors’ knowledge, only a few studies on the influence of religion on charitable behaviour have been carried out. So far, no study has looked at the determining variables from the standpoint of Islam. \u0000Research Limitations/Implications ― Due to constraints of time and research funding, the sample population was not drawn from all states in Malaysia. The sample was restricted to Malaysians in Sabah, Malaysia. \u0000Practical Implications ― This study highlights that non-profit organisations in Malaysia, especially those from an Islamic background, should be able to organise their fundraising strategies with an emphasis on the factors of targhīb and tarhīb.","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49087879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Curious Case of Ribā’s Muted Role in Bank Selection Criteria Among Muslims in Klang Valley, Malaysia","authors":"N. Ahmad, M. Z. Md Zabri","doi":"10.55188/ijif.v15i2.546","DOIUrl":"https://doi.org/10.55188/ijif.v15i2.546","url":null,"abstract":"Purpose – Arguably, the most significant difference between conventional and Islamic banking is the prohibition of ribā (interest)—besides gharar (uncertainty) and maysir (speculation). Naturally, it is questioned whether ribā is the make-or-break selection criterion for Islamic banking customers in Malaysia. Consequently, this study examined the moderating effect of ribā knowledge on the nexus between the already widely researched bank selection criteria (i.e., service quality, corporate reputation, cost and benefits, and technology) and bank selection among Malaysian Muslims. \u0000Design/Methodology/Approach – This research is quantitative, cross-sectional and non-experimental. It uses structured questionnaires to acquire and understand bank selection criteria and the moderation effect of ribā among Malaysian Muslims. The sample comprised 244 Muslim customers with loan/financing accounts in banks in Klang Valley, Malaysia. This study uses exploratory factor analysis and structural model analysis for data analysis. \u0000Findings – The findings reveal three criteria—notably, corporate reputation, cost and benefits, and technology—that exhibit a significant correlation with bank selection. Despite the strong injunctions against ribā, it failed to moderate the relationship between bank selection criteria and bank selection. Additionally, the subsequent importance-performance test indicates that ribā knowledge holds lower significance compared to the three significant criteria. Therefore, the authors believe there is a strong possibility that Malaysian Muslims, specifically in Klang Valley, may not factor the prohibition of ribā into their banking selection decisions.  \u0000Research Limitations/Implications – The items measured for knowledge of ribā have not been widely tested and are not designed to assess the level of religiosity of the respondents nor the awareness of Islamic law behind the prohibition of ribā. Nevertheless, this paper provides insight into the level of knowledge about ribā among Muslims in Klang Valley, Malaysia and its possible moderating effect on bank selection. Future research could extend this work and examine the knowledge of ribā with respect to the level of respondents’ religiosity and/or the awareness of Islamic law behind the prohibition of ribā. \u0000Practical Implications – Religious authorities, non-government organisations and Islamic banks could leverage these insights by uplifting and broadening public education, especially for the Muslim community, on the actual meaning of ribā and its implications in their lives and the hereafter. \u0000Originality/Value – The lack of studies focusing on the subject of ribā, its practice in conventional banking, and its prohibition in Islamic banking has often been overshadowed by research studies on adoptions and perceptions of Islamic banking and finance, which may have led to the negligence of its importance in choosing Islamic banking over conventional banking among Muslims in Malaysia.","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47083089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Stability of Islamic Cryptocurrencies and Copula-Based Dependence with Alternative Crypto and Fiat Currencies","authors":"Bayu Adi Nugroho","doi":"10.55188/ijif.v15i2.543","DOIUrl":"https://doi.org/10.55188/ijif.v15i2.543","url":null,"abstract":"Purpose — This study aims to examine Islamic cryptocurrencies and their dependency on foreign exchange markets in vine copula architecture (CD-Vine) and provide a framework for detecting complex dependence structures, risk management implications, and hedging effectiveness. \u0000Design/Methodology/Approach — This study used gold-backed cryptocurrencies and three fiat currencies. The vine copula approach was preferred because it applies several distributions and estimates complex dependencies. Hedging effectiveness was measured by constructing simulation-based portfolios optimised with DCC-t-Copula. Benford’s law and realized variance were used to determine the stability of Islamic cryptocurrencies. \u0000Findings — According to C-Vine and D-Vine copula models, paper money has a weak tail dependence with gold-backed cryptocurrencies. Only OneGram coin, whose volatility matched the risk of Bitcoin, showed zero irregularities in volume trading. The findings were robust to different estimations based on Minimum Spanning Tree and Dendrogram. \u0000Originality/Value — This is the first study to examine Islamic cryptocurrencies’ stability and the significance of hedging effectiveness on gold-backed cryptocurrencies under a copula-based approach. \u0000Research Limitations — The study did not apply time-varying vine copula. \u0000Practical Implications — The risk management perspective shows insignificant hedge effectiveness in the portfolio of fiat and gold-backed cryptocurrencies.","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46125322","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Scale of Muslims’ Consumption Intelligence: A Maqāṣid Insight","authors":"M. Sholihin, Nurus Shalihin, Addiarrahman","doi":"10.55188/ijif.v15i2.544","DOIUrl":"https://doi.org/10.55188/ijif.v15i2.544","url":null,"abstract":"Purpose — This paper aims to develop a scale for measuring consumer intelligence based on the maqāṣid framework (al-nitāq al-maqāṣidi). \u0000Design/Methodology/Approach — A large pool of items representing consumer intelligence based on maqāṣid al-Sharīʿah (objectives of Islamic law) was generated from one of the primary Islamic sources, i.e., Qurʾānic texts. The initial scale was purified and validated. A survey of 388 respondents who completed a usable questionnaire was used to run the analysis. The latter was split into two. The first half was utilised to run the exploratory factor analysis (EFA) and the second half was used to run the confirmatory factor analysis (CFA). \u0000Findings — The EFA result revealed that the maqāṣid-consumption intelligence scale is a four-dimensional construct consisting of 21 items. The scale includes metacognition, cognition, motivation, and behaviour. The CFA confirmed the dimensionality, reliability and validity of the maqāṣid-consumption intelligence scale. \u0000Originality/Value — There is currently no readily available scale to measure consumption intelligence among Muslims based on maqāṣid al-Sharīʿah. The study is expected to fill this gap. \u0000Research Limitations/Implications — The maqāṣid-consumption intelligence scale can determine an individual’s level of consumption intelligence based on maqāṣid al-Sharīʿah. It is expected that the scale will stimulate further research on Muslim consumption intelligence, i.e., how is the consumption of an ideal Muslim consistent with Sharīʿah (Islamic law) values. \u0000Practical Implications — The maqāṣid-consumption intelligence scale may eventually assist halal industries in formulating strategies to increase product demand.","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45492001","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Objective Performance Evaluation of the Islamic Banking Services Industry: Evidence from Pakistan","authors":"Muhammad Hanif, M. Farooqi","doi":"10.55188/ijif.v15i2.541","DOIUrl":"https://doi.org/10.55188/ijif.v15i2.541","url":null,"abstract":"Purpose — The study documents the performance of the Islamic banking services industry (IBSI) in light of the Islamic finance objectives, notably financial stability, equitable distribution of wealth, and social responsibility.\u0000Design/Methodology/Approach — After drawing the performance evaluation framework based on the objectives, the research conducts a balance sheet analysis of the IBSI in Pakistan for 32 quarters (2013Q4–2021Q3). The analysis examines sources and uses of funds by looking at the application of financial contracts and sectoral distribution of financing. Objectively classified data trends are reported through graphs. \u0000Findings — Findings suggest that the domestic IBSI has shown progress in achieving primary and intermediate objectives, including commercial performance, contribution to equitable wealth distribution, and financial stability. However, the industry’s in-practice business models lack any significant contribution to the social sector, which represents a more advanced objective.\u0000Originality/Value — The contributions to the literature include development of a performance evaluation framework based on Islamic finance objectives, and documentation of findings on the IBSI’s achievements in Pakistan.\u0000Research Implications — The study recommends that regulators develop a legal framework for business models of the IBSI. It also recommends that managers of domestic Islamic banks include the social sector as well as agricultural and rural areas in financing and investment portfolios.\u0000Article Classification — Research paper","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45160490","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Attitude, Subjective Norm, Perceived Behavioural Control and Digital Ṣukūk Adoption in Nigeria: The Mediating Effect of Awareness","authors":"I. Shittu, Yahuza Salisu","doi":"10.55188/ijif.v15i2.539","DOIUrl":"https://doi.org/10.55188/ijif.v15i2.539","url":null,"abstract":"Purpose ‒ There is an increasing number of digital ṣukūk issuances worldwide but the level of awareness and adoption in Nigeria is very low. This research examines the mediating effect of awareness on the relationship between attitude, subjective norm, perceived behavioural control and digital ṣukūk adoption in Nigeria.\u0000Design/Methodology/Approach ‒ The data for the research were collected from 750 questionnaires that were distributed using the systematic sampling technique to operators of the capital market and individuals in Nigeria, out of which 410 were retained. The partial least squares structural equation modelling (PLS–SEM) algorithm was used for the reliability measurement and constructs validity while the bootstrapping technique was used for testing the study hypotheses.\u0000Findings ‒ The findings reveal that awareness mediated the relationship that exists between subjective norm, attitude, perceived behavioural control, and digital ṣukūk adoption in Nigeria. Overall, the empirical findings rejected seven out of 10 null hypotheses developed to answer the research questions.\u0000Originality/Value ‒ The study serves as a pioneering effort towards unlocking the viability of digital ṣukūk adoption amongst the Nigerian populace.\u0000Research Limitations/Implications ‒ The findings provide empirical evidence that awareness mediated the interrelationship between the explanatory variables (subjective norm, attitude and perceived behavioural control) towards digital ṣukūk adoption in Nigeria.\u0000Practical Implications ‒ The findings suggest the need for the Debt Management Office (DMO) in partnership with the Central Bank of Nigeria (CBN) to facilitate the required regulation and standard pertaining to digital ṣukūk issuances and structures.\u0000Article Classification ‒ Research paper","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41437977","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Generation Z’s Financial Behaviour: The Role of Islamic Financial Literacy","authors":"D. Patrisia, Abror Abror, Shabbir Dastgir, R. Rahayu","doi":"10.55188/ijif.v15i2.540","DOIUrl":"https://doi.org/10.55188/ijif.v15i2.540","url":null,"abstract":"Purpose — This research aims to examine the effect of family communication patterns on Islamic financial literacy (IFL) and risk tolerance of Generation Z (Gen Z) in Indonesia. It also examines the link between IFL, risk tolerance and financial behaviour. Finally, it highlights the moderating impact of IFL on the link between risk tolerance and financial behaviour.\u0000Design/Methodology/Approach — This study used Muslim members of Gen Z in West Sumatra Indonesia who were born between 1995 and 2001 as the population. This study collected 668 responses in two months. After some preliminary tests, such as missing value and normality test, it employed 571 usable responses as the sample. Purposive sampling was conducted and variance-based structural equation model-partial least square (SEM-PLS) was employed as the method for data analysis.\u0000Findings — The results show that family communication patterns, both conformity and conversation orientation, positively and significantly influence IFL and risk tolerance. IFL has a positive and significant impact on risk tolerance and financial behaviour. Surprisingly, IFL also moderates the link between risk tolerance and financial behaviour positively and significantly. Finally, risk tolerance significantly affects financial behaviour.\u0000Originality/Value — This research makes three theoretical contributions. First, it provides a better understanding and a more complex model of the relationship between IFL with its antecedents such as family communication patterns and also with its consequences, including risk tolerance and financial behaviour. Second, it reveals that IFL affects Gen Z’s financial behaviour significantly—an aspect which is neglected in previous research. Third, it has expanded the scope of prior studies by addressing IFL as a moderator of the link between risk tolerance and Gen Z’s financial behaviour.\u0000Research Limitations/Implications — Even though this study has carried out Harman’s single-factor analysis to anticipate a common method bias, it faces the common method bias problem due to the cross-sectional nature of the study. Secondly, the study focuses on Gen Z, which means that most of the respondents are students and their financial behaviour is still affected by the decisions of their parents.\u0000Practical Implications — This study has some contributions for decision makers such as Otoritas Jasa Kewangan (Financial Services Authority) and management of Islamic banks and financial institutions. First, to increase Gen Z’s IFL, the decision makers have to educate the parents using the two-way communication orientation method. Second, the financial behaviour of Gen Z is influenced by financial literacy and risk tolerance; hence, decision makers such as the government and society have to educate Gen Z on IFL and inform them about financial risks which influence their risk tolerance when conducting financial activities.\u0000Article Classification — Research paper","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49437702","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Legal Implications of Abandoned Digital Assets in Sharīʿah-Compliant Fintech Platforms","authors":"S. Omoola, Hafsat Kamal Ibrahim","doi":"10.55188/ijif.v15i2.542","DOIUrl":"https://doi.org/10.55188/ijif.v15i2.542","url":null,"abstract":"Purpose — The recent surge in Sharīʿah-compliant fintech platforms has created an increasing volume of intangible digital assets of increasing value across emerging technological platforms. This phenomenon has generated a significant number of digital assets left behind after the demise of their owners. This paper provides a legal analysis of the implications of abandoned digital assets in Sharīʿah-compliant fintech platforms. It seeks answers to two central research questions: what are the Sharīʿah and legal implications of digital assets after the passing of the owner? How can the existing Sharīʿah-compliant fintech platforms prevent uncertainty over digital assets?\u0000Design/Methodology/Approach — This is a conceptual paper which adopts a qualitative analysis of both primary and secondary sources from existing journals and regulatory instruments in Islamic finance jurisdictions to explore the gaps in the law regarding digital assets and regulations regarding unclaimed money. The paper further compares the approaches adopted in Malaysia and Saudi Arabia in regulating digital assets and unclaimed moneys.\u0000Findings — The paper finds that there is scope for the administration of digital assets in both regulated and unregulated Sharīʿah-compliant fintech platforms. Similarly, the adoption of e-KYC that complies with the Sharīʿah ethos is essential to ensure that digital assets are not lost upon the account holder’s demise. The legal right and title of the account holder and legal heirs can only be protected through the operation of digital assets regulation in a Sharīʿah-compliant fintech environment.\u0000Originality — This paper is of value to administrators and legal heirs of account holders in fintech environments. It recommends measures to prevent intestacy and uphold the account holders’ and legal heirs’ intergenerational property rights and financial benefits.\u0000Research Limitations/Implications — As a conceptual paper, the attitude of digital asset users is not examined due to the absence of quantitative or qualitative data on devolution of digital assets.\u0000Practical Implications — Although this study focuses on the implication of digital assets for Sharīʿah-compliant fintech platforms, the findings may well have a bearing on policymakers, legal practitioners, and administrators of estates in the management of emerging asset classes.\u0000Article Classification — Conceptual paper","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48921256","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Behavioural Intention of Zakat Participants Towards the Zakat Fund in Morocco","authors":"Mohamed Hamza Ghaouri, S. Kassim, Anwar Hasan Abdullah Othman, Habeebullah Zakariyah","doi":"10.55188/ijif.v15i1.484","DOIUrl":"https://doi.org/10.55188/ijif.v15i1.484","url":null,"abstract":"Purpose ― Currently, there is neither a formal zakat system nor a zakat institution in Morocco. However, in recent years, discussions have intensified regarding the establishment of a national zakat fund in the Kingdom. In this regard, the paper attempts to fill the gap by examining the factors determining the intention of Moroccans to pay their zakat obligations to the national zakat fund. \u0000Design/Methodology/Approach ― The present study adopts a quantitative research design based on the theory of planned behaviour (TPB). A relevant questionnaire was designed and distributed to zakat believers in Morocco. Structural equation modelling (SEM) was used to analyse the data collected. \u0000Findings ― The study found that most of the zakat believers have basic knowledge of zakat as a religious obligation and that there is a need for proper education on zakat. Additionally, among the variables studied, only attitude has a significant positive impact on the intention of Moroccans to pay their zakat obligations to the zakat national fund. \u0000Originality/Value ― This study is unique in nature as it is the first study to explore individuals’ intention in Morocco to pay their zakat obligations to a national zakat fund based on the TPB. \u0000Research Limitations/Implications ― The primary limitation of this research is its scope. The study focuses on individual contributors only. Further studies might target businesses and Islamic financial institutions as potential donors. \u0000Practical Implications ― The paper suggests some recommendations aiming to increase confidence in the zakat fund and building a positive attitude among the muzakkīs (zakat payers).","PeriodicalId":54072,"journal":{"name":"ISRA International Journal of Islamic Finance","volume":" ","pages":""},"PeriodicalIF":2.3,"publicationDate":"2023-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48451487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}