The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis

The August 2007 global financial crisis has been linked to the fiat monetary system. This has made the world political leaders to call for the rebuild of the world monetary system from the scratch as was done at Breton Wood. One of the suggested options is the adoption of an alternative monetary sys...

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Main Authors:	Adewale, Abideen Adeyemi, Owolabi Yusuf, Muhammad-Bashir, Mydin Meera, Ahamed Kameel, Mat Ghani, Gairuzazmi, Abdul Manap, Turkhan Ali
Format:	Article
Language:	English
Published:	Asian Network for Scientific Information 2012
Subjects:	HB71 Economics as a science
Online Access:	http://irep.iium.edu.my/26368/ http://irep.iium.edu.my/26368/ http://irep.iium.edu.my/26368/ http://irep.iium.edu.my/26368/1/The_Role_of_Institutional_Trust_in_the_Adoption_of_Gold_Dinar.pdf

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spelling	iium-263682016-04-17T23:51:02Z http://irep.iium.edu.my/26368/ The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis Adewale, Abideen Adeyemi Owolabi Yusuf, Muhammad-Bashir Mydin Meera, Ahamed Kameel Mat Ghani, Gairuzazmi Abdul Manap, Turkhan Ali HB71 Economics as a science The August 2007 global financial crisis has been linked to the fiat monetary system. This has made the world political leaders to call for the rebuild of the world monetary system from the scratch as was done at Breton Wood. One of the suggested options is the adoption of an alternative monetary system based on gold. In these regard, some states in Malaysia, for example, Kelantan have taken the initiative to mint their own gold dinar to be used simultaneously with the fiat money (Malaysian Ringgit). An unexplored issue in this regard is the rationale for adoption of such alternative mean of exchange. As such, this study adopts an extended theory of planned behavior (TPB) in which h u t is included as an antecedent variable in the original TPB model. Structural equation modeling analysis was carried out on data elicited from economic active residents in Kelantan via survey questionnaire. This is to assess the indirect relative explanatory strength of h u t on adoption of gold dinar in Kelantan using attitude, social norms and perceived behavioral control as mediators. The study found that the structural model fits the data. Also, h u t was found to influence adoption of the gold dinar while attitude and perceived behavioral control mediates the relationship. Asian Network for Scientific Information 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/26368/1/The_Role_of_Institutional_Trust_in_the_Adoption_of_Gold_Dinar.pdf Adewale, Abideen Adeyemi and Owolabi Yusuf, Muhammad-Bashir and Mydin Meera, Ahamed Kameel and Mat Ghani, Gairuzazmi and Abdul Manap, Turkhan Ali (2012) The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis. Journal of Applied Sciences, 12 (20). pp. 2148-2155. ISSN 1812-5662 (O), 1812-5654 (P) http://scialert.net/abstract/?doi=jas.2012.2148.2155 10.3923/jas.2012.2148.2155
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB71 Economics as a science
spellingShingle	HB71 Economics as a science Adewale, Abideen Adeyemi Owolabi Yusuf, Muhammad-Bashir Mydin Meera, Ahamed Kameel Mat Ghani, Gairuzazmi Abdul Manap, Turkhan Ali The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis
description	The August 2007 global financial crisis has been linked to the fiat monetary system. This has made the world political leaders to call for the rebuild of the world monetary system from the scratch as was done at Breton Wood. One of the suggested options is the adoption of an alternative monetary system based on gold. In these regard, some states in Malaysia, for example, Kelantan have taken the initiative to mint their own gold dinar to be used simultaneously with the fiat money (Malaysian Ringgit). An unexplored issue in this regard is the rationale for adoption of such alternative mean of exchange. As such, this study adopts an extended theory of planned behavior (TPB) in which h u t is included as an antecedent variable in the original TPB model. Structural equation modeling analysis was carried out on data elicited from economic active residents in Kelantan via survey questionnaire. This is to assess the indirect relative explanatory strength of h u t on adoption of gold dinar in Kelantan using attitude, social norms and perceived behavioral control as mediators. The study found that the structural model fits the data. Also, h u t was found to influence adoption of the gold dinar while attitude and perceived behavioral control mediates the relationship.
format	Article
author	Adewale, Abideen Adeyemi Owolabi Yusuf, Muhammad-Bashir Mydin Meera, Ahamed Kameel Mat Ghani, Gairuzazmi Abdul Manap, Turkhan Ali
author_facet	Adewale, Abideen Adeyemi Owolabi Yusuf, Muhammad-Bashir Mydin Meera, Ahamed Kameel Mat Ghani, Gairuzazmi Abdul Manap, Turkhan Ali
author_sort	Adewale, Abideen Adeyemi
title	The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis
title_short	The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis
title_full	The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis
title_fullStr	The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis
title_full_unstemmed	The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis
title_sort	role of institutional trust in the adoption of gold dinar in kelantan: an empirical analysis
publisher	Asian Network for Scientific Information
publishDate	2012
url	http://irep.iium.edu.my/26368/ http://irep.iium.edu.my/26368/ http://irep.iium.edu.my/26368/ http://irep.iium.edu.my/26368/1/The_Role_of_Institutional_Trust_in_the_Adoption_of_Gold_Dinar.pdf
first_indexed	2023-09-18T20:39:19Z
last_indexed	2023-09-18T20:39:19Z
_version_	1777409257968238592

The role of institutional trust in the adoption of gold dinar in Kelantan: an empirical analysis

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