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EISSN: 2313-3724, Print ISSN: 2313-626X

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 Volume 11, Issue 1 (January 2024), Pages: 32-39


 Original Research Paper

Determinants of the millennial generation's intention to use Sharia home mortgages


 Nur Rizqi Febriandika 1, *, Muhammad Sanusi 2, Yana Al Yanafi 1, Dilla Gading Kusuma 1


 1Islamic Economic Law, Universitas Muhammadiyah Surakarta, Surakarta, Indonesia
 2Islamic Bank, STEI HAMZAR Lombok Timur, Lombok Timur, Indonesia

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A survey conducted by showed that a notable number of participants, specifically 37 percent of those aged 22-29 and 36 percent of those aged 30-39, prefer Sharia mortgages to traditional ones. This research aims to explore the willingness of millennials to opt for Islamic housing loans, focusing on how their religious devotion influences this decision. The methodology of this study is quantitative, involving the distribution of questionnaires to 202 millennials. The gathered data underwent analysis using structural equation modeling (SEM-21) and SPSS 25. Findings from the study reveal that both the cost and the individual's earnings significantly encourage millennials to consider Islamic home loans, whereas their level of religious commitment does not play a crucial role. The study concludes that many millennials are inclined towards Sharia mortgages due to the fixed and extended period of repayments. Given their steady income, millennials find purchasing a home more appealing than renting, as owning a home offers a tangible asset that represents savings from their earnings.

 © 2023 The Authors. Published by IASE.

 This is an open access article under the CC BY-NC-ND license (


 Millennials, House ownership, Credit, Sharia mortgages, Intention

 Article history

 Received 14 August 2023, Received in revised form 18 December 2023, Accepted 19 December 2023


No Acknowledgment.

 Compliance with ethical standards

 Conflict of interest: The author(s) declared no potential conflicts of interest with respect to the research, authorship, and/or publication of this article.


 Febriandika NR, Sanusi M, Al Yanafi Y, and Kusuma DG (2024). Determinants of the millennial generation's intention to use Sharia home mortgages. International Journal of Advanced and Applied Sciences, 11(1): 32-39

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