Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia

Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia

The rise of equity-based crowdfunding is expected to offer a new gateway for Muslim entrepreneurs given its similarity with risk-sharing concept as per the Shariah principles. Malaysia is the first country in Southeast Asia to legislate and award equity-based crowdfunding licences in June 2015. Acco...

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Main Authors: Rahman, Maya Puspa, Mohd Thas Thaker, Mohamed Asmy, Duasa, Jarita
Format: Conference or Workshop Item
Language:English
English
Published: 2019
Subjects:
H Social Sciences (General)
Online Access:http://irep.iium.edu.my/76784/
http://irep.iium.edu.my/76784/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf
http://irep.iium.edu.my/76784/9/Dr.%20Maya_Asmy_Jarita_SC.pdf
id iium-76784
recordtype eprints
spelling iium-767842019-12-31T07:00:37Z http://irep.iium.edu.my/76784/ Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia Rahman, Maya Puspa Mohd Thas Thaker, Mohamed Asmy Duasa, Jarita H Social Sciences (General) The rise of equity-based crowdfunding is expected to offer a new gateway for Muslim entrepreneurs given its similarity with risk-sharing concept as per the Shariah principles. Malaysia is the first country in Southeast Asia to legislate and award equity-based crowdfunding licences in June 2015. Accordingly, this study aims to propose a Shariah-compliant equity-based crowdfunding (SCF) model and analyse the acceptance level of Muslim entrepreneurs to use it in raising new funds. Based on primary data collected on 411 Muslim entrepreneurs in Malaysia, this study analyse the data using Structural Equation Modelling by adopting Technology Acceptance Model. It is found that perceived usefulness and perceived ease of use have positive effect on behavioral intention to use the proposed SCF model. Similar significance and positive results are found between perceived usefulness and behavioral intention to use the proposed SCF model. Hence, it is concluded that the respondent’s perceptions on the usefulness and ease of use positively affect the behavioral intention of using the new model. Taking the lead in Shariah-compliant crowdfunding research, this paper aims to contribute to the blueprints for the market players and regulators with regard to offering of SCF particularly in Malaysia. 2019-11-28 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/76784/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf application/pdf en http://irep.iium.edu.my/76784/9/Dr.%20Maya_Asmy_Jarita_SC.pdf Rahman, Maya Puspa and Mohd Thas Thaker, Mohamed Asmy and Duasa, Jarita (2019) Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia. In: 10th Foundation of Islamic Finance Conference 2019, Sunway University, Malaysia. (Unpublished)
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Rahman, Maya Puspa
Mohd Thas Thaker, Mohamed Asmy
Duasa, Jarita
Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia
description The rise of equity-based crowdfunding is expected to offer a new gateway for Muslim entrepreneurs given its similarity with risk-sharing concept as per the Shariah principles. Malaysia is the first country in Southeast Asia to legislate and award equity-based crowdfunding licences in June 2015. Accordingly, this study aims to propose a Shariah-compliant equity-based crowdfunding (SCF) model and analyse the acceptance level of Muslim entrepreneurs to use it in raising new funds. Based on primary data collected on 411 Muslim entrepreneurs in Malaysia, this study analyse the data using Structural Equation Modelling by adopting Technology Acceptance Model. It is found that perceived usefulness and perceived ease of use have positive effect on behavioral intention to use the proposed SCF model. Similar significance and positive results are found between perceived usefulness and behavioral intention to use the proposed SCF model. Hence, it is concluded that the respondent’s perceptions on the usefulness and ease of use positively affect the behavioral intention of using the new model. Taking the lead in Shariah-compliant crowdfunding research, this paper aims to contribute to the blueprints for the market players and regulators with regard to offering of SCF particularly in Malaysia.
format Conference or Workshop Item
author Rahman, Maya Puspa
Mohd Thas Thaker, Mohamed Asmy
Duasa, Jarita
author_facet Rahman, Maya Puspa
Mohd Thas Thaker, Mohamed Asmy
Duasa, Jarita
author_sort Rahman, Maya Puspa
title Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia
title_short Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia
title_full Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia
title_fullStr Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia
title_full_unstemmed Would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on Malaysia
title_sort would muslim entrepreneurs use shariah-compliant equity-based crowdfunding model for financial sustainability? a case study on malaysia
publishDate 2019
url http://irep.iium.edu.my/76784/
http://irep.iium.edu.my/76784/2/10-th%20FIFC%20Booklet%20PDF%20FINAL.pdf
http://irep.iium.edu.my/76784/9/Dr.%20Maya_Asmy_Jarita_SC.pdf
first_indexed 2023-09-18T21:48:27Z
last_indexed 2023-09-18T21:48:27Z
_version_ 1777413608031911936

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