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Prospects for Islamic Home Finance in the UK: An Assessment with Partial Least Square Structural Equation Modelling

Ahmed, Tanveer, Kabir, Sarkar, Aziz, Aqsa and Alhassan, Yahaya (2023) Prospects for Islamic Home Finance in the UK: An Assessment with Partial Least Square Structural Equation Modelling. Sustainability, 15 (5). pp. 1-24. ISSN 2071-1050

Item Type: Article

Abstract

Previous studies assessing the prospects for Islamic home finance in the UK appear to be outdated, predominantly limited to the one-sided views of Islamic scholars/customers without the support of a sound conceptual framework, thereby lacking any research rigour. This study developed an up-to-date conceptual framework constituting four predicting constructs (extendibility, accessibility, affordability and authenticity) — and the target construct prospects (for Islamic home finance in the UK). The framework was assessed by utilising a sample of 144 industry experts (mortgage consultants), deriving their experience (high vs. low) as a categorical variable. The path analysis suggests that accessibility had a significant effect on the prospects for Islamic home finance in the UK, whereas the impact of affordability was insignificant. In contrast, authenticity had the strongest direct effect on the prospects. The multi-group analysis discovered no significant differences between experienced and novice mortgage consultants in relation to the impact of predicting constructs (e.g., affordability, accessibility) on the prospects (for Islamic home finance in the UK). The importance–performance matrix analysis (IPMA) identified authenticity as the high-priority development area, whereas affordability-related attributes of Islamic home finance were found in a low-priority zone. The results and findings of this study provide new and extensive insights into the field of Islamic home finance and contribute to the extant literature in this domain.

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More Information

Uncontrolled Keywords: Islamic home finance; Islamic mortgages; Islamic finance; PLS-SEM; importance–performance map analysis
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Depositing User: Yahaya Alhassan

Identifiers

Item ID: 15751
Identification Number: https://doi.org/10.3390/su15054188
ISSN: 2071-1050
URI: http://sure.sunderland.ac.uk/id/eprint/15751
Official URL: https://www.mdpi.com/2071-1050/15/5/4188

Users with ORCIDS

ORCID for Yahaya Alhassan: ORCID iD orcid.org/0000-0001-6700-635X

Catalogue record

Date Deposited: 01 Mar 2023 10:28
Last Modified: 01 Mar 2023 10:28

Contributors

Author: Yahaya Alhassan ORCID iD
Author: Tanveer Ahmed
Author: Sarkar Kabir
Author: Aqsa Aziz

University Divisions

University of Sunderland in London

Subjects

Business and Management > Accounting and Finance

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