Table 5 Investors' preferences and...

Table 5

Investors' preferences and significance of factors influencing ṣukūk purchasing intention

Panel A: Regression results
	Coefficient	Std. Error	t-Stat	p-value	Number of observations
Intercept	0.597	0.413	1.446	0.150	245
Sharīʿah conscious investment behavior	0.091	0.054	1.682	0.094***
Investor awareness	0.427	0.072	5.959	<0.001*
Security and liquidity	0.399	0.068	5.903	<0.001*
Socially responsible investment behavior	0.016	0.062	0.255	0.799
Rating	0.024	0.053	0.446	0.654

Panel A: Regression results
	Coefficient	Std. Error	t-Stat	p-value	Number of observations
Intercept	0.597	0.413	1.446	0.150	245
Sharīʿah conscious investment behavior	0.091	0.054	1.682	0.094***
Investor awareness	0.427	0.072	5.959	<0.001*
Security and liquidity	0.399	0.068	5.903	<0.001*
Socially responsible investment behavior	0.016	0.062	0.255	0.799
Rating	0.024	0.053	0.446	0.654

Panel B: Return preference of ṣukūk by the retail investors
	Variable periodical return	Fixed periodical return	Variable one-time return (lump sum)	Fixed one-time return (lump sum)	Any type of return
Frequency	123	60	6	8	48
%	50.2	24.5	2.4	3.3	19.6

Panel B: Return preference of ṣukūk by the retail investors
	Variable periodical return	Fixed periodical return	Variable one-time return (lump sum)	Fixed one-time return (lump sum)	Any type of return
Frequency	123	60	6	8	48
%	50.2	24.5	2.4	3.3	19.6

Panel C: Tenor preference of ṣukūk by retail investors
	Upto 1 year	1–5 years	years	>10 years	Any tenor
Frequency	34	117	37	6	51
%	13.9	47.8	15.1	2.4	20.8

Panel C: Tenor preference of ṣukūk by retail investors
Frequency	34	117	37	6	51
%	13.9	47.8	15.1	2.4	20.8

Note(s): *indicates significance at 99% level of confidence

**indicates significance at 95% level of confidence

***indicates significance at 90% level of confidence

Source(s): Authors' Finding

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