Table 1 Sources and representations of...

Table 1

Sources and representations of questions and statements

Question no.	Question/Statement/Variable	Representation	Source
1–5	Gender, Educational qualification, Profession, Religion, Age	Demographic features of respondents
6	I know about “Ṣukūk”	Investor Awareness (behavioral aspect of potential investors)	Faisal et al. (2012) and Safari et al. (2014)
7	I know the term 'Sharīʿah-compliant investment”	Investor Awareness (behavioral aspect of potential investors)	Faisal et al. (2012)
8	I know the term “Riba”	Investor Awareness (behavioral aspect of potential investors)	The Holy Quran
9	My investment habits are affected by my concern for Sharīʿah-compliance	Sharīʿah Consciousness (behavioral aspect of potential investors)	Faisal et al. (2012)
10	I am willing to accept some loss if the investment opportunity is Sharīʿah-compliant	Sharīʿah Consciousness (behavioral aspect of potential investors)	Faisal et al. (2012)
11	I have previously invested in Sharīʿah-compliant products that gave me fewer returns than that of their conventional counterparts	Sharīʿah Consciousness (behavioral aspect of potential investors)	Taufique and Vaithianathan (2018)
12	I have previously tried very hard to find Sharīʿah-compliant investment opportunities	Sharīʿah Consciousness (behavioral aspect of potential investors)	Taufique and Vaithianathan (2018)
13	I have previously refused to invest in conventional investment products that offered me more returns than that of their Sharīʿah-compliant counterparts	Sharīʿah Consciousness (behavioral aspect of potential investors)	Taufique and Vaithianathan (2018)
14	I have prohibited my family members and friends from investing in financial instruments that are not Sharīʿah-compliant	Sharīʿah Consciousness (behavioral aspect of potential investors)	Faisal et al. (2012)
15	Government and third-party guarantees of the Ṣukūk are important for making investments in Ṣukūk	Ṣukūk Feature	Alswaidan et. al. (2017) and Borhan and Ahmad (2018)
16	Tenor of Ṣukūk is an important factor	Ṣukūk Feature	Safari et al. (2014)
17	Tradability of Ṣukūk is important	Ṣukūk Feature	Usmani (2007) and Safari et al. (2014)
18	I am concerned about the rating of the assets of Ṣukūk	Ṣukūk Feature	Safari et al. (2014)
19	I am concerned about the rating of the issuer of Ṣukūk	Ṣukūk Feature	Safari et al. (2014)
20	When there is an alternative available, I always choose the investment opportunity that contributes to economic development	Both Ṣukūk Feature and behavioral aspects of potential investors	Smaoui and Nechi (2017)
21	When there is an alternative available, I always choose the investment opportunity that plays a role in achieving social equity	Both Ṣukūk Feature and behavioral aspects of potential investors	Smaoui and Nechi (2017)
22	I am willing to invest in Ṣukūk	Dependent variable
23	Which tenors of Ṣukūk do you prefer the most?	Ṣukūk Feature	Safari et al. (2014)
24	What kind of returns do you prefer the most?	Ṣukūk Feature	Safari et al. (2014)

Question no.	Question/Statement/Variable	Representation	Source
1–5	Gender, Educational qualification, Profession, Religion, Age	Demographic features of respondents
6	I know about “Ṣukūk”	Investor Awareness (behavioral aspect of potential investors)	Faisal et al. (2012) and Safari et al. (2014)
7	I know the term 'Sharīʿah-compliant investment”	Investor Awareness (behavioral aspect of potential investors)	Faisal et al. (2012)
8	I know the term “Riba”	Investor Awareness (behavioral aspect of potential investors)	The Holy Quran
9	My investment habits are affected by my concern for Sharīʿah-compliance	Sharīʿah Consciousness (behavioral aspect of potential investors)	Faisal et al. (2012)
10	I am willing to accept some loss if the investment opportunity is Sharīʿah-compliant	Sharīʿah Consciousness (behavioral aspect of potential investors)	Faisal et al. (2012)
11	I have previously invested in Sharīʿah-compliant products that gave me fewer returns than that of their conventional counterparts	Sharīʿah Consciousness (behavioral aspect of potential investors)	Taufique and Vaithianathan (2018)
12	I have previously tried very hard to find Sharīʿah-compliant investment opportunities	Sharīʿah Consciousness (behavioral aspect of potential investors)	Taufique and Vaithianathan (2018)
13	I have previously refused to invest in conventional investment products that offered me more returns than that of their Sharīʿah-compliant counterparts	Sharīʿah Consciousness (behavioral aspect of potential investors)	Taufique and Vaithianathan (2018)
14	I have prohibited my family members and friends from investing in financial instruments that are not Sharīʿah-compliant	Sharīʿah Consciousness (behavioral aspect of potential investors)	Faisal et al. (2012)
15	Government and third-party guarantees of the Ṣukūk are important for making investments in Ṣukūk	Ṣukūk Feature	Alswaidan et. al. (2017) and Borhan and Ahmad (2018)
16	Tenor of Ṣukūk is an important factor	Ṣukūk Feature	Safari et al. (2014)
17	Tradability of Ṣukūk is important	Ṣukūk Feature	Usmani (2007) and Safari et al. (2014)
18	I am concerned about the rating of the assets of Ṣukūk	Ṣukūk Feature	Safari et al. (2014)
19	I am concerned about the rating of the issuer of Ṣukūk	Ṣukūk Feature	Safari et al. (2014)
20	When there is an alternative available, I always choose the investment opportunity that contributes to economic development	Both Ṣukūk Feature and behavioral aspects of potential investors	Smaoui and Nechi (2017)
21	When there is an alternative available, I always choose the investment opportunity that plays a role in achieving social equity	Both Ṣukūk Feature and behavioral aspects of potential investors	Smaoui and Nechi (2017)
22	I am willing to invest in Ṣukūk	Dependent variable
23	Which tenors of Ṣukūk do you prefer the most?	Ṣukūk Feature	Safari et al. (2014)
24	What kind of returns do you prefer the most?	Ṣukūk Feature	Safari et al. (2014)

Source(s): Created by authors'

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