Factors affecting investors’ decision regarding investment in Islamic Sukuk

Factors affecting investors’ decision regarding investment in Islamic Sukuk PurposeThe purpose of this study is to examine the perception of UAE investors regarding their investment preference of Sukuk versus conventional bonds.Design/methodology/approachA modified questionnaire was used in this study with the objective of answering the research questions and testing the developed hypothesis. The survey was conducted on a sample of investors of the UAE Dubai Financial Market, which is one of the main exchanges where Sukuk are traded.FindingsThe results indicate that Sukuk features (characteristics) represent the most important influencing factor in the willingness of UAE investors to invest in Islamic Sukuk, followed by the religious factor, as strongly predicted, followed by the expected return and followed by the availability of information. Finally, the results indicate that there is no significant difference in investment in Sukuk among UAE investors based on investors’ gender.Originality/valueThe current study is considered the first of its kind conducted on the UAE. As far as the authors know, there are no studies that focus specifically on social and economic factors that affect the propensity of investors to trade in Sukuk. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Qualitative Research in Financial Markets Emerald Publishing

Factors affecting investors’ decision regarding investment in Islamic Sukuk

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1755-4179
DOI
10.1108/QRFM-01-2018-0009
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this study is to examine the perception of UAE investors regarding their investment preference of Sukuk versus conventional bonds.Design/methodology/approachA modified questionnaire was used in this study with the objective of answering the research questions and testing the developed hypothesis. The survey was conducted on a sample of investors of the UAE Dubai Financial Market, which is one of the main exchanges where Sukuk are traded.FindingsThe results indicate that Sukuk features (characteristics) represent the most important influencing factor in the willingness of UAE investors to invest in Islamic Sukuk, followed by the religious factor, as strongly predicted, followed by the expected return and followed by the availability of information. Finally, the results indicate that there is no significant difference in investment in Sukuk among UAE investors based on investors’ gender.Originality/valueThe current study is considered the first of its kind conducted on the UAE. As far as the authors know, there are no studies that focus specifically on social and economic factors that affect the propensity of investors to trade in Sukuk.

Journal

Qualitative Research in Financial MarketsEmerald Publishing

Published: Feb 4, 2019

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