Preference of Islamic Mutual Funds in Pakistan: Theoretical Triangulation, Methodological Conceptualization and SEM-Based Modeling
Download| Volume 6 Issue 1, 2025 | |
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| Author(s): |
Muhammad Faisal Sultan
Nazia Abdul Rehman
Khurram Shakir
Zaibunnisa Siddiqi
Shahzad Nasim (Corresponding Author)
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| Abstract | The purpose of this study is to understand the factors that are responsible for shaping investor’s attitudes toward Islamic Mutual Funds. The gist of the study has been based on the Theory of planned behavior (TPB) which is the extension of the Theory of Reasoned action (TRA) and used by most of the prior research to conduct studies in this vein. The model of the study is based upon parallel mediation that differentiates the model of the study from the rest of the studies. Data has been collected from a quota with a sample size of 250 respondents. Respondents of the survey are investors registered with Asset Management companies with significant stakes in Islamic Mutual Funds. Analysis has been made through using structural equation modeling via SMART-PLS and findings of the study indicated that the use of TPB is effective for assessing the investor’s attitude towards Islamic Mutual Funds and investor’s attitude is also found to be a potent indicator of intentions to invest in mutual funds. Therefore, this study is beneficial for multiple stake holders and can be used for better policy making, conducting rigorous research and also to improve understanding of Islamic mutual funds. |
| Keywords | Mutual Funds, Investor Buying Behavior, Behavioral Finance, Theory of Planned Behavior & Intention to Invest in Islamic Mutual Funds. |
| Year | 2025 |
| Volume | 6 |
| Issue | 1 |
| Type | Research paper, manuscript, article |
| Recognized by | Higher Education Commission of Pakistan, HEC | Category | "Y" | Journal Name | ILMA Journal of Social Sciences & Economics | Publisher Name | ILMA University | Jel Classification | - | DOI | ISSN no (E, Electronic) | 2790-5896 | ISSN no (P, Print) | 2709-2232 | Country | Pakistan | City | Karachi | Institution Type | University | Journal Type | Open Access | Manuscript Processing | Blind Peer Reviewed | Format | Paper Link | http://ijsse.ilmauniversity.edu.pk/arc/Vol6./pdf/v1/3.pdf |