Analysis of Factors Influencing Public Preference for Waqf Products in Islamic Insurance: Evidence in Tasikmalaya City

This study assesses public interest in waqf insurance within Indonesia's Islamic life insurance sector, utilizing the Analytic Network Process (ANP) to evaluate awareness, trust, and perceptions. Qualitative data from interviews and document analysis supplement the ANP findings, offering a comp...

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Main Authors: Annas Syams Rizal, Bello Sani Yahuza, Setiawan Bin Lahuri, Ahmad Muqorobin
Format: Article
Language:English
Published: UIN Maulana Malik Ibrahim Malang 2024-12-01
Series:Maliki Islamic Economics Journal
Subjects:
Online Access:https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/30021
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author Annas Syams Rizal
Bello Sani Yahuza
Setiawan Bin Lahuri
Ahmad Muqorobin
author_facet Annas Syams Rizal
Bello Sani Yahuza
Setiawan Bin Lahuri
Ahmad Muqorobin
author_sort Annas Syams Rizal
collection DOAJ
description This study assesses public interest in waqf insurance within Indonesia's Islamic life insurance sector, utilizing the Analytic Network Process (ANP) to evaluate awareness, trust, and perceptions. Qualitative data from interviews and document analysis supplement the ANP findings, offering a comprehensive understanding of public views. The study emphasizes the importance of innovative marketing strategies in promoting waqf insurance products, revealing that limited public awareness and understanding highlight the need for educational initiatives and targeted marketing. Trust and credibility also play a significant role in consumer decision-making in this niche market. The study suggests that improving public understanding, enhancing accessibility, and fostering trust through regulatory transparency are crucial for increasing participation in waqf insurance. Future study should focus on educational campaigns, transparent communication to build trust, and raise awareness of waqf insurance benefits.
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language English
publishDate 2024-12-01
publisher UIN Maulana Malik Ibrahim Malang
record_format Article
series Maliki Islamic Economics Journal
spelling doaj-art-10832a044ba9410da127435d17352b732025-08-20T02:14:16ZengUIN Maulana Malik Ibrahim MalangMaliki Islamic Economics Journal2798-03832797-81252024-12-014212614910.18860/miec.v4i2.300218588Analysis of Factors Influencing Public Preference for Waqf Products in Islamic Insurance: Evidence in Tasikmalaya CityAnnas Syams Rizal0Bello Sani Yahuza1Setiawan Bin Lahuri2Ahmad Muqorobin3University of Siliwangi TasikmalayaUniversity of BayeroUniversity of Darussalam GontorUniversity of Darussalam GontorThis study assesses public interest in waqf insurance within Indonesia's Islamic life insurance sector, utilizing the Analytic Network Process (ANP) to evaluate awareness, trust, and perceptions. Qualitative data from interviews and document analysis supplement the ANP findings, offering a comprehensive understanding of public views. The study emphasizes the importance of innovative marketing strategies in promoting waqf insurance products, revealing that limited public awareness and understanding highlight the need for educational initiatives and targeted marketing. Trust and credibility also play a significant role in consumer decision-making in this niche market. The study suggests that improving public understanding, enhancing accessibility, and fostering trust through regulatory transparency are crucial for increasing participation in waqf insurance. Future study should focus on educational campaigns, transparent communication to build trust, and raise awareness of waqf insurance benefits.https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/30021waqf insuranceislamic insurancecash-waqf linked sukuk (cwls)analytic network process (anp)
spellingShingle Annas Syams Rizal
Bello Sani Yahuza
Setiawan Bin Lahuri
Ahmad Muqorobin
Analysis of Factors Influencing Public Preference for Waqf Products in Islamic Insurance: Evidence in Tasikmalaya City
Maliki Islamic Economics Journal
waqf insurance
islamic insurance
cash-waqf linked sukuk (cwls)
analytic network process (anp)
title Analysis of Factors Influencing Public Preference for Waqf Products in Islamic Insurance: Evidence in Tasikmalaya City
title_full Analysis of Factors Influencing Public Preference for Waqf Products in Islamic Insurance: Evidence in Tasikmalaya City
title_fullStr Analysis of Factors Influencing Public Preference for Waqf Products in Islamic Insurance: Evidence in Tasikmalaya City
title_full_unstemmed Analysis of Factors Influencing Public Preference for Waqf Products in Islamic Insurance: Evidence in Tasikmalaya City
title_short Analysis of Factors Influencing Public Preference for Waqf Products in Islamic Insurance: Evidence in Tasikmalaya City
title_sort analysis of factors influencing public preference for waqf products in islamic insurance evidence in tasikmalaya city
topic waqf insurance
islamic insurance
cash-waqf linked sukuk (cwls)
analytic network process (anp)
url https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/30021
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AT setiawanbinlahuri analysisoffactorsinfluencingpublicpreferenceforwaqfproductsinislamicinsuranceevidenceintasikmalayacity
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