Article2025

Determinants of Muslim investors in investing through green sukuk retail: an extended pro-environmental planned behavior approach

Yan Putra Timur · Ahmad Ajib Ridlwan · Syazwani Abd Rahim · Khusnul Fikriyah · Fitriah Dwi Susilowati · Clarashinta Canggih +1 more

14 citations0/0 files storedJournal of Islamic marketing

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Islamic Finance and Banking Studies Sustainable Finance and Green Bonds Halal products and consumer behavior

Abstract

Purpose This study aims to determine the factors that influence investors’ behavioral intentions in investing in green retail sukuk through the constructs offered by the extended pro-environmental planned behavior (PEPB) theory and adding several other constructs such as perceived benefit (PB), perceived risk (PR) and religious value (RV). Design/methodology/approach Non-probability sampling was used to collect data from 460 Muslims living on Java who had invested in green sukuk retail and had a basic understanding of it as an alternative Islamic investment instrument. PLS-SEM was used to test the data with SmartPLS 3.0. Findings Perceived authority support (PAS) and perceived environmental concern (PEC) positively and significantly affect attitude (AT), subjective norm (SN) and perceived behavioral control (PBC). This study also shows that SN, PBC, PB, PR and RV boost INT significantly. AT has a positive but insignificant effect. Research limitations/implications This study has limitations from the demographic aspect of respondents who only accommodate respondents who are Muslim and live in Java Island. Practical implications This research suggests ways to socialize green sukuk investment to the public as potential investors by describing environmental benefits and how retail green sukuk can benefit investors and the environment. Competent parties who understand Islamic finance, and muamalah contracts can socialize beginner voters who do not understand the risks and rewards of green sukuk investments. Social implications This research suggests ways to socialize green sukuk investment to the public as potential investors by describing environmental benefits and how retail green sukuk can benefit investors and the environment. Originality/value This study introduces environmental-based constructs PAS and PEC, which are infrequently used in research models that measure the intention to invest in green investment instruments like green sukuk. Additional constructions like PB, PR and RV enhance research results.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 14 citations exist upstream.

References

2018When to use and how to report the results of PLS-SEM 2012Common Method Bias in Marketing: Causes, Mechanisms, and Procedural Remedies 2019Structural model robustness checks in PLS-SEM 2019Partial least squares structural equation modeling using SmartPLS: a software review 2015Comparison of Model Fit Indices Used in Structural Equation Modeling Under Multivariate Normality 2018Using EPPM to Evaluate the Effectiveness of Fear Appeal Messages Across Different Media Outlets to Increase the Intention of Breast Self-Examination Among Chinese Women 2021How perceived risk, benefit and trust determine user Fintech adoption: a new dimension for Islamic finance 2022The effects of trust on behavioral intention and use behavior within e-government contexts

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.