Searching for Bequest Motives and Attitudes to Leaving a Bequest Among Malaysian Muslims

Alma’amun, Suhaili ()
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Alma’amun, Suhaili: Research Center for Islamic Economics and Finance (EKONISUKM), School of Economics, Faculty of Economics and Management, Universiti Kebangsaan Malaysia, 43600 Bangi, Selangor, Malaysia.

Jurnal Ekonomi Malaysia, 2012, vol. 46, issue 1, 73-84

Abstract: This study aims to identify bequest motives and investigate the attitudes to leaving a bequest among Malaysian Muslims. Data are collected by means of questionnaire and analysed with multinomial logit model. Results from this model are compared with the verbatim responses given by respondents. Evidences suggest the co-existences of various bequest motives with no preference in order, namely pure life-cycle, life-cycle with some strategic or exchange features, altruistic and dynastic bequest models. However, the domination of one particular bequest motive over others is solved via analysis carried out on the verbatim responses.

Keywords: Islamic will; bequest motives; faraid; multinomial logit; wasiyyah (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ukm:jlekon:v:46:y:2012:i:1:p:73-84

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