Religion, Islamic Values and Debt Management, the Malaysian Experience

Wan Marhaini Wan Ahmad (), Asmak Ab Rahman and Azizi Che Seman
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Wan Marhaini Wan Ahmad: Universiti Malaya
Asmak Ab Rahman: Universiti Malaya
Azizi Che Seman: Universiti Malaya

Chapter Chapter 14 in Wealth Management and Investment in Islamic Settings, 2022, pp 211-226 from Springer

Abstract: Abstract This chapter examined the behaviour of Muslims towards the management of debt. Islam has its unique values which are completely different than the conventional financial system. In this system debt is based on the behaviour of both parties. No one is trying to exploit the other party. According to teaching of Islam, debt has not any reward in this world except reward in life hereafter. This study is based on the urban centres of Malaysia, households survey was conducted and Hierarchical regression was employed for the empirical analysis. It has been observed that those are following their religion particularly Islam they have higher moral values than those are not following proper values of religion. It has been observed that follower of religion have positive debt management behaviour.

Keywords: Debt management; Household; Practicing Muslims; Moral values; Malaysia (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-3686-9_14

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DOI: 10.1007/978-981-19-3686-9_14

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