Customers Perception Toward Musharaka Mustaniqa in Housing Financing : A Case Study of Kano Metropolitan Area Nigeria

Abstract

The study aimed to investigate the customer's perception toward Musharaka Mutanaqisa in housing financing in Kano Metropolitan area Kano State Nigeria, The study used Awareness, Religiosity, and Price in measuring the explained variable which is customer's perception toward Musharaka Mutanaqisa in housing financing. Data collected using hand delivery questionnaire survey approach. Using simple random sampling procedure, three hundred and fourteen (314) respondents both male and female were selected and to participate in this study. Pearson correlation, Factor analysis, Reliability test and multiple regression method of data analysis were used for hypotheses testing. All the results revealed a positive relationship between the independent variables (IV) and the dependent Variable (DV). The multiple regression results indicate that Religiosity and Awareness factors jointly explained 91.5% of customer's perception toward Musharaka Mutanaqisa in housing financing.