Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development

Purpose – This study is designed to examine the behavioural intention of donors or crowd funders to use Crowdfunding Waqf Model (CWM), as this model is proposed to address the liquidity problem faced by Waqf institution in Malaysia Design/methodology/approach – The primary data are collected from...

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Main Author:	Mohd Thas Thaker, Mohamed Asmy
Format:	Article
Language:	English English English English
Published:	Emerald Group Publishing Ltd. 2018
Subjects:	H Social Sciences (General) HB126.4 Islamic Economics
Online Access:	http://irep.iium.edu.my/63705/ http://irep.iium.edu.my/63705/ http://irep.iium.edu.my/63705/1/_system_appendPDF_proof_hi.pdf http://irep.iium.edu.my/63705/3/ScholarOne%20Manuscripts.pdf http://irep.iium.edu.my/63705/19/63705_Factors%20influencing%20the%20adoption%20of%20the%20crowdfunding-waqf%20model_ARTICLE.pdf http://irep.iium.edu.my/63705/21/63705%20Factors%20influencing%20the%20adoption%20of%20the%20crowdfunding-waqf%20model%20%28CWM%29%20in%20the%20waqf%20land%20development_wos.pdf

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spelling	iium-637052019-01-24T03:43:28Z http://irep.iium.edu.my/63705/ Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development Mohd Thas Thaker, Mohamed Asmy H Social Sciences (General) HB126.4 Islamic Economics Purpose – This study is designed to examine the behavioural intention of donors or crowd funders to use Crowdfunding Waqf Model (CWM), as this model is proposed to address the liquidity problem faced by Waqf institution in Malaysia Design/methodology/approach – The primary data are collected from the survey administered to donors or crowd funders in Klang Valley and the analysis is conducted using Partial Least Squares (PLS). The model has validated its acceptance in the field by adopting the theory of Technology Acceptance Model (TAM). Findings – This study has revealed that both the perceived usefulness and perceived easy to use are found to have a positive impact on the intention of donors or crowd funders in assisting Waqf institution to develop Waqf land in Malaysia. Furthermore, perceived easy to use has a positive relationship and direct effect with perceived usefulness of crowd funders to use the Crowdfunding Waqf Model Research limitations/implications – The variables that have been used based on TAM in this study are constantly in flux. There are other variables such as trust, social norm, orientations that might be affecting the adoption level of donors or crowd funders in Malaysia. In addition, the current study is covering only Klang Valley, Malaysia. Future research is nevertheless still required that incorporate other variables and extend the study to other states of Malaysia. Practical implications –The findings of this paper will provide Waqf institution with an alternative source for raising capital to develop Waqf asset. The present study also has implications for government and policy makers. Originality/value – To the best of the author’s knowledge, no study has incorporated an element of crowdfunding to develop Waqf land. Thus, the present study is relevant in extending the importance of crowdfunding as a source of financing for Waqf institutions in developing Waqf land Emerald Group Publishing Ltd. 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/63705/1/_system_appendPDF_proof_hi.pdf application/pdf en http://irep.iium.edu.my/63705/3/ScholarOne%20Manuscripts.pdf application/pdf en http://irep.iium.edu.my/63705/19/63705_Factors%20influencing%20the%20adoption%20of%20the%20crowdfunding-waqf%20model_ARTICLE.pdf application/pdf en http://irep.iium.edu.my/63705/21/63705%20Factors%20influencing%20the%20adoption%20of%20the%20crowdfunding-waqf%20model%20%28CWM%29%20in%20the%20waqf%20land%20development_wos.pdf Mohd Thas Thaker, Mohamed Asmy (2018) Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development. Journal of Islamic Marketing, xx (xx). pp. 1-27. ISSN 1759-0833 (In Press) https://www.emeraldinsight.com/journal/jima
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English English
topic	H Social Sciences (General) HB126.4 Islamic Economics
spellingShingle	H Social Sciences (General) HB126.4 Islamic Economics Mohd Thas Thaker, Mohamed Asmy Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development
description	Purpose – This study is designed to examine the behavioural intention of donors or crowd funders to use Crowdfunding Waqf Model (CWM), as this model is proposed to address the liquidity problem faced by Waqf institution in Malaysia Design/methodology/approach – The primary data are collected from the survey administered to donors or crowd funders in Klang Valley and the analysis is conducted using Partial Least Squares (PLS). The model has validated its acceptance in the field by adopting the theory of Technology Acceptance Model (TAM). Findings – This study has revealed that both the perceived usefulness and perceived easy to use are found to have a positive impact on the intention of donors or crowd funders in assisting Waqf institution to develop Waqf land in Malaysia. Furthermore, perceived easy to use has a positive relationship and direct effect with perceived usefulness of crowd funders to use the Crowdfunding Waqf Model Research limitations/implications – The variables that have been used based on TAM in this study are constantly in flux. There are other variables such as trust, social norm, orientations that might be affecting the adoption level of donors or crowd funders in Malaysia. In addition, the current study is covering only Klang Valley, Malaysia. Future research is nevertheless still required that incorporate other variables and extend the study to other states of Malaysia. Practical implications –The findings of this paper will provide Waqf institution with an alternative source for raising capital to develop Waqf asset. The present study also has implications for government and policy makers. Originality/value – To the best of the author’s knowledge, no study has incorporated an element of crowdfunding to develop Waqf land. Thus, the present study is relevant in extending the importance of crowdfunding as a source of financing for Waqf institutions in developing Waqf land
format	Article
author	Mohd Thas Thaker, Mohamed Asmy
author_facet	Mohd Thas Thaker, Mohamed Asmy
author_sort	Mohd Thas Thaker, Mohamed Asmy
title	Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development
title_short	Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development
title_full	Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development
title_fullStr	Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development
title_full_unstemmed	Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development
title_sort	factors influencing the adoption of the crowdfunding-waqf model (cwm) in the waqf land development
publisher	Emerald Group Publishing Ltd.
publishDate	2018
url	http://irep.iium.edu.my/63705/ http://irep.iium.edu.my/63705/ http://irep.iium.edu.my/63705/1/_system_appendPDF_proof_hi.pdf http://irep.iium.edu.my/63705/3/ScholarOne%20Manuscripts.pdf http://irep.iium.edu.my/63705/19/63705_Factors%20influencing%20the%20adoption%20of%20the%20crowdfunding-waqf%20model_ARTICLE.pdf http://irep.iium.edu.my/63705/21/63705%20Factors%20influencing%20the%20adoption%20of%20the%20crowdfunding-waqf%20model%20%28CWM%29%20in%20the%20waqf%20land%20development_wos.pdf
first_indexed	2023-09-18T21:30:20Z
last_indexed	2023-09-18T21:30:20Z
_version_	1777412468443709440

Factors influencing the adoption of the Crowdfunding-Waqf Model (cwm) in the waqf land development

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