An Analysis of Determinants to Choose Family Takaful

2020 ◽  
pp. 642-662
Author(s):  
Imran Mehboob Shaikh ◽  
Kamaruzaman Noordin
Keyword(s):  
Diffusion Of Innovation ◽  
Diffusion Theory ◽  
Empirical Studies ◽  
Large Population ◽  
Relative Advantage ◽  
Primary Data ◽  
Diffusion Of Innovation Theory ◽  
Reference Guide ◽  
Perceived Complexity ◽  
Islamic Insurance

This chapter examines the determinants that influence the customer's adoption towards the use of family Takaful scheme by extending the diffusion of innovation (DOI) theory in the context of Pakistan. The published work allied to Takaful studies and DOI was reviewed. Total of 282 respondents who are non-users of family Takaful product were used for the purpose of primary data collection through convenience sampling. The customer's adoption towards Islamic insurance is determined not only by perceived relative advantage and perceived compatibility but also by awareness and religious belief. Perceived complexity, on the contrary, turns not to be a predictor of family Takaful adoption. Further gender, age and education level do not moderate the family Takaful adoption by the customers. This research like others have limitations in terms of sampling method used and only covers one city of Pakistan, namely, Karachi. Further studies need to be conducted in other cities as well with a large population. Diffusion of innovation theory is not used in the context of Pakistan due to scarcity in the literature on empirical studies. Therefore, the author extends the diffusion theory of innovation in the current work. Further, this chapter will be a useful reference guide for the academicians, operators of Takaful business and future researchers.

Predicting customers’ adoption towards family takaful scheme in Pakistan using diffusion theory of innovation

2019 ◽  
Vol 11 (6) ◽  
pp. 1761-1776
Author(s):  
Imran Mehboob Shaikh ◽  
Kamaruzaman Bin Noordin ◽  
Sindhia Arijo ◽  
Fawad Shaikh ◽  
Ahmed Alsharief
Keyword(s):  
Diffusion Theory ◽  
Empirical Studies ◽  
Large Population ◽  
Relative Advantage ◽  
Primary Data ◽  
Content Type ◽  
Reference Guide ◽  
The Family ◽  
Perceived Complexity ◽  
Islamic Insurance

Purpose This paper aims to examine the determinants that influence the customer’s adoption towards the use of family takaful scheme by extending diffusion theory of innovation (DOI) in the context of Pakistan. Design/methodology/approach The published work allied to takaful studies and DOI was reviewed. Total of 282 respondents who are non-users of family takaful product were used for the purpose of primary data collection through convenience sampling. Findings The customer’s adoption towards Islamic insurance is determined not only by perceived relative advantage and perceived compatibility but also by awareness and religious belief. Perceived complexity, on the contrary, turns out not to be a predictor of family takaful adoption. Further, gender, age and education do not moderate the family takaful adoption by the customers. Research limitations/implications This research alike others have limitations in terms of sampling method used and only covers one city of Pakistan, namely, Karachi. Further studies need to be conducted in other cities as well with a large population. Originality/value Extended DOI is not used in the context of takaful in Pakistan as evident from scarce literature on the empirical studies. Therefore, the authors extend the DOI in the current work. Further, this paper will be a useful reference guide for the academicians, operators of takaful business and future researchers.

Empirical Study on Adoption of Islamic Banking System Using Quantitative Method:A Case Study of Afghanistan

10.26414/a169 ◽  
2021 ◽  
Author(s):  
Khatera Naseri ◽  
Ashurov Sharofiddin
Keyword(s):  
Diffusion Of Innovation ◽  
Banking System ◽  
Relative Advantage ◽  
Islamic Banking ◽  
Product Knowledge ◽  
Diffusion Of Innovation Theory ◽  
History Of ◽  
The Government ◽  
The Impact

Although the background of the banking system goes back as far as 1933, Islamic finance isstill new in Afghanistan. The history of the firstfull-fledged Islamic bank began asrecently as 2018 with the conversion ofBakhtarBank, a conventional bank, to the IslamicBank of Afghanistan (IBA). There have been numerousstudies done worldwide, but no empiricalstudy has examined the subject of Islamic banking adoption in the specific context of Afghanistan. Therefore, this presentstudy investigatesthe adoption ofIslamic banking in Afghanistan, using a case study of Herat province, based on Rogers’ (1983) Diffusion of Innovation Theory, to determine the impact of awareness,productknowledge,religiosity,relativeadvantage,compatibility, and complexity on the adoption of Islamic banking. A quantitative approach to the stratified convenience sampling method was used in this study. Questionnaires were distributed to 334 bank customers and the responses analyzed using SPSS v22. The multiple regression analysis finding indicated that product knowledge, relative advantage, and religiosity significantly and positively influenced the adoption of Islamic banking. It is suggested that the government and financial institutions should support Islamic banking with beneficial policies and initiatives to enhance the knowledge of the public about the significance of Islamic banking activities.

Diffusion of Innovation Theory and the Problem of Context for Inter-Organizational Information Systems

2012 ◽  
pp. 209-221
Author(s):  
Luke Houghton ◽  
Don Kerr
Keyword(s):  
Information Systems ◽  
Technology Acceptance ◽  
Diffusion Of Innovation ◽  
Diffusion Of Innovations ◽  
Diffusion Theory ◽  
Contextual Factors ◽  
Research Literature ◽  
Future Research ◽  
Diffusion Of Innovation Theory ◽  
Acceptance Model

This chapter argues that diffusion theory models like the technology acceptance model (TAM) need to be rethought of in light of contextual factors that are becoming increasingly important in modern inter-organisational settings. This is due to the growing complexity of organizations with respect to different organisational types, contexts, and political structures that have been shown in research literature to hinder information systems acceptance. The chapter looks at possible contextual factors that are ignored by TAM by critiquing its parent diffusion theory (diffusion of innovations). This approach was considered best as there are many variations of TAM, but the diffusion of innovations (DOI) theory underlies all these variations. The chapter also recommends a way forward for research into inter-organisational information systems by examining an example situation of Feral Information Systems (FIS) to illustrate the problem. The chapter concludes with a discussion about future research directions.

scholarly journals The Staged Competition Innovation Theory

2021 ◽  
Vol 7 (3) ◽  
pp. 201
Author(s):  
Christopher A. Jensen
Keyword(s):  
Diffusion Of Innovation ◽  
Alternative Pathway ◽  
Solution Space ◽  
Relative Advantage ◽  
Innovation Activity ◽  
Innovation Theory ◽  
Innovation Development ◽  
Diffusion Of Innovation Theory ◽  
Innovation Transfer ◽  
Innovation Mechanism

Innovation is critical to technological progress and has many theories to explain its processes. Organised competition has been shown empirically to provide an alternative pathway for innovation within an industry, increasing innovation rates and radicalness. This research introduces and develops the new staged competition innovation theory which builds on the well-understood diffusion of innovation theory and the Technology–Organisation–Environment framework to explain how decision-making and technological, organisational, and environmental characteristics of industry-based competition can drive innovation activity. The new theory comprises three principles that demonstrate how a well-designed staged competition provides: (1) a unique innovation mechanism away from parent industry constraints, (2) a unique agile environment that can increase innovation development, and (3) a return pathway for adoption back to the parent industry. Principle 2 addresses the specific competition environment criteria required to drive innovation, beginning with a co-dependency between organiser and teams in providing team confidence and a mutually beneficial outcome for both parties. Relative advantage drives teams to innovate by generating competitive pressure, while a variable solution space due to competition specific rules and competition brief clarity direct innovation efforts. Finally, competition repetition provides ongoing innovation transfer between teams within the competition and to the parent industry.

scholarly journals ANALISIS TINGKAT ADOPSI LAYANAN PERBANKAN DIGITAL MENGGUNAKAN TEORI DIFUSI INOVASI (Objek Studi: Jenius oleh Bank BTPN di Kota Bandung dan Jakarta)

2020 ◽  
Vol 4 (8) ◽  
pp. 1196-1207
Author(s):  
Athifah Nadya Akmalia ◽  
Brady Rikumahu
Keyword(s):  
Diffusion Of Innovation ◽  
Perceived Risk ◽  
Relative Advantage ◽  
Innovation Theory ◽  
Diffusion Of Innovation Theory

Teknologi yang terus mengalami perkembangan mendorong berbagai industri untuk melakukan transformasi menuju era digital, salah satu diantaranya ialah industri perbankan. Saat ini, industri perbankan di Indonesia telah menghadirkan layanan perbankan digital, salah satunya ialah Jenius oleh Bank BTPN. Penelitian ini bertujuan untuk melihat faktor-faktor apa saja yang berpengaruh dalam tingkat adopsi Jenius di Kota Bandung dan Jakarta dengan menggunakan model penelitian Diffusion of Innovation Theory. Penelitian ini menggunakan metode kuantitatif dengan teknik analisis deskriptif serta menggunakan analisis regresi linier berganda sebagai teknik analisis data. Hasil penelitian ini menunjukkan bahwa relative advantage, compatibility, dan observability memiliki pengaruh positif signifikan, kemudian complexity dan perceived risk memiliki pengaruh negatif signifikan terhadap tingkat adopsi layanan perbankan digital Jenius di Kota Bandung dan Jakarta. Sedangkan trialability tidak memiliki pengaruh positif signifikan. Dengan demikian, diharapkan hasil penelitian ini dapat bermanfaat bagi penelitian selanjutnya dan bagi Jenius agar dapat mengembangkan dan meningkatkan layanannya.  

Factors influencing the investors’ intention to adopt Takaful (Islamic insurance) products

2019 ◽  
Vol 11 (1) ◽  
pp. 1-13
Author(s):  
Hafiz Ali Hassan ◽  
Sayyed Khawar Abbas
Keyword(s):  
Social Influence ◽  
Behavioral Intention ◽  
Binary Logistic Regression ◽  
Relative Advantage ◽  
Primary Data ◽  
Snowball Sampling ◽  
Content Type ◽  
Logistic Regression Models ◽  
Innovative Products ◽  
Islamic Insurance

Purpose The research paper is an effort to find out the behavior of Pakistani individuals toward usage of Takaful insurance. This paper aims to identify the factors, which influence investors’ intention toward the adoption of Takaful. Islamic finance is growing rapidly in the international market, especially in Islamic countries. Pakistan is an Islamic country, where the majority of the population is Muslim. Therefore, there is a great potential for Takaful exists in the country. Design/methodology/approach Both explanatory and descriptive research designs used for the research framework. The theory of planned behavior is the base theory and the model incorporates several factors such as relative advantage, compatibility, social influence, awareness and religiosity that may influence the adoption of Takaful. The primary data collected through the distribution of self-administered survey-based questionnaire, containing 23 items scaled at a five-point Likert scale. The non-probability snowball sampling and judgmental sampling techniques are used due to the scarce of Takaful users. The sample consists of 345 individuals (127 Takaful users and 218 non-users) living in the three main cities, namely, Karachi, Lahore and Islamabad. The data are further analyzed and interpreted with IBM SPSS 21. The results are evaluated using descriptive statistics, reliability, confirmatory factor analysis, correlation and binary logistic regression models. Findings The research findings reveal that factors such as relative advantage, compatibility, social influence, awareness and religiosity have a significant impact on the behavioral intention of Takaful amongst a depicted sample of Pakistani people. Similarly, Takaful has great potential in the Pakistani market, but due to lack of awareness, Takaful share is far behind than conventional insurance. It is further suggested that Takaful operators must devise some policies and plan to spread awareness about Takaful and come up with more innovative products. Practical implications The Takaful operators must devise plans to aware people about Islamic insurance. The study provides implication to Takaful management; Takaful users; and more importantly, the regularity authorities to operate and successfully conduct Takaful applications. Further, they should advance Takaful operations and produce more innovative products. The study focuses on some factors while there are plenty of others, which should be studied accordingly. For future researchers and students, there is a great potential of other techniques and measures, which can be further used for analysis of Takaful business. Originality/value This research is a first attempt to trace out the behavior of Pakistani people about Takaful, using the above discussed factors. The behavioral intention is studied using users and non-users combination, which is never done before in the current setting.

scholarly journals How the Coronavirus Inspired Teaching the Diffusion of Innovation Theory

CommonHealth ◽  
2021 ◽  
Vol 2 (2) ◽  
pp. 40-46
Author(s):  
Deirdre Dingman ◽  
Sarah Bauerle Bass
Keyword(s):  
Public Health ◽  
Diffusion Of Innovation ◽  
Lesson Plan ◽  
Program Planning ◽  
Relative Advantage ◽  
Innovation Theory ◽  
Public Health Response ◽  
Diffusion Of Innovation Theory ◽  
Health Curriculum ◽  
Health Response

Many public health courses include content on behavior change theories, including the Diffusion of Innovation Theory (DoI). In DoI, innovations are adopted based on 5 characteristics: the innovation's relative advantage of what came before, its compatibility with a person or group's culture, the complexity of the innovation, whether the innovation can be tried before fully adopted, and whether or not the effects of adopting this innovation can be observed in others. This paper describes the application of the public health response to COVID-19 in the US as a dynamic example with which to teach DoI theory in the context of an undergraduate program planning and evaluation class. Because students were forced into an online environment when essential businesses closed in an effort to ‘flatten’ the coronavirus curve, we describe the unique way the outbreak could be used in an organic online discussion in which students could use their own current experiences to extrapolate to the DoI constructs. While not done as a formal "lesson plan", we describe the students' engagement, provide commentary of their application of DoI to the COVID-19 response, and suggest how more formal exercises could be incorporated into undergraduate public health curriculum.

Factors affecting the diffusion of integrated reporting – a UK FTSE 100 perspective

2015 ◽  
Vol 6 (2) ◽  
pp. 190-223 ◽  
Author(s):  
Fiona Ann Robertson ◽  
Martin Samy
Keyword(s):  
Diffusion Of Innovation ◽  
Empirical Studies ◽  
Small Sample ◽  
Relative Advantage ◽  
Research Approach ◽  
Structured Interviews ◽  
Integrated Reporting ◽  
Senior Managers ◽  
Content Type ◽  
Reporting Practices

Purpose – This study seeks to investigate the likely adoption of integrated reporting (IR), in addition to highlighting the limitations of current reporting practices. In particular, the analysis in this study used the characteristics of diffusion of innovation theory to investigate how perceptions of IR as offering a relative advantage over existing practices; its compatibility to existing organisational values, past experiences and needs; and its perceived complexity impacted on the adoption and diffusion of IR. Design/methodology/approach – Methodology was based on a content analysis of 22 UK FTSE 100 annual and sustainability reports across industries. To build a phenomenological triangulation research approach, semi-structured interviews were conducted with ten senior managers to ascertain their perceptions of current SR practices and IR. Findings – The analysis in this study revealed that low/medium levels of linkages exist between the majority of reports in the sample, thus limiting their usefulness. Based on these findings, this study suggests that senior managers perceive IR as having a relative advantage over existing practice. Overall, the senior managers interviewed were supportive of IR and this research revealed that many companies are starting to integrate their reporting along IR guidelines. This study further identifies factors that are likely to impact on more widespread diffusion of IR. Research limitations/implications – The sample size to assess linkages between reports was based on a sample of company reports across industries to give a balanced view of reporting practices. This could be viewed as a limitation as it was not a representative sample of the population as a whole. Another limitation of this research study was the small sample of organisations that participated in the interview process, and the single country focus. Practical implications – This study has identified several factors that were likely to impact on wider spread diffusion of IR, which should be of interest to practitioners in this field as well as those considering the adoption of IR. Originality/value – As an emerging phenomenon, there are few empirical studies exploring IR practices and perceptions. To the best of the authors' knowledge, this is the first paper that provides some insights into IR from a UK perspective.

Perception is Reality

2013 ◽  
pp. 195-222 ◽  
Author(s):  
Thomas D. Eatmon ◽  
Zachary A. Piso ◽  
Elyse Schmitt
Keyword(s):  
Sustainable Development ◽  
Community Development ◽  
Great Lakes ◽  
Diffusion Of Innovation ◽  
Cold Weather ◽  
Relative Advantage ◽  
Diffusion Of Innovation Theory ◽  
Climate Conditions ◽  
Explanatory Factors ◽  
The Face

Despite the cold weather climate conditions of the Great Lakes region, an increasing number of organizations are growing local food on a year round basis. The utilization of commercial aquaponics has allowed these organizations to grow both fish and produce indoors while creating new jobs and community development opportunities. Research has shown that there are significant challenges to maintaining profitable commercial aquaponics ventures in temperate climates; however, the popularity of the technology in urban agriculture seems to be increasing. In this chapter, the authors use diffusion of innovation theory to explain the adoption of this sustainable development innovation in the face of financial challenges. They find that the perception of relative advantage, compatibility, complexity, trialability, and observability may be explanatory factors in the adoption of commercial aquaponics in the face of financial challenge.

Attitudes Towards Cloud Computing Adoption in Emerging Economies

2017 ◽  
Vol 7 (3) ◽  
pp. 44-58 ◽  
Author(s):  
Mohammad Alsharo
Keyword(s):  
Cloud Computing ◽  
Diffusion Of Innovation ◽  
Emerging Economies ◽  
Decision Makers ◽  
Relative Advantage ◽  
It Professionals ◽  
Structured Interviews ◽  
Diffusion Of Innovation Theory ◽  
Cloud Computing Adoption ◽  
Positive Attitudes

Cloud computing is perceived to be the trend of the future as software and hardware turn into the new utility. This study aims to investigate the attitudes of IT professionals and decision makers in emerging economies towards cloud computing. The study also investigates the opportunities and concerns which IT professionals and decision makers have regarding adopting cloud computing in their organizations. This study was carried out in Jordan and the researchers used semi-structured interviews as a research methodology. The theoretical foundation for this research is found in the Diffusion of Innovation Theory. The findings suggest that IT professionals and decision makers in Jordan have positive attitudes towards cloud computing and the adoption rate is increasing at a rapid pace. Relative advantage in terms of cost reduction is a major adoption driver, while compatibility with organizations policies and culture is a major concern. The findings also suggest that government and small to medium-sized enterprises are the major adopters and large enterprises are lagging behind.

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