Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory

In the crypto world, there is a proverbial (and literal) gold rush now occurring. Currently, more than 37 gold-backed cryptocurrency companies have now emerged. Interestingly, some of them also claim to be Sharīʿah-compliant. Introducing precious metal-backed cryptocurrencies is perceived to be an i...

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Main Authors:	Ajouz, Mousa, Abdullah, Adam, Kassim, Salina
Format:	Article
Language:	English English English
Published:	Wiley-Liss Inc. 2019
Subjects:	HG Finance HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/79512/ http://irep.iium.edu.my/79512/ http://irep.iium.edu.my/79512/ http://irep.iium.edu.my/79512/1/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_article.pdf http://irep.iium.edu.my/79512/2/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_scopus.pdf http://irep.iium.edu.my/79512/3/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_wos.pdf

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recordtype	eprints
spelling	iium-795122020-03-10T08:22:53Z http://irep.iium.edu.my/79512/ Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory Ajouz, Mousa Abdullah, Adam Kassim, Salina HG Finance HG3368 Islamic Banking and Finance In the crypto world, there is a proverbial (and literal) gold rush now occurring. Currently, more than 37 gold-backed cryptocurrency companies have now emerged. Interestingly, some of them also claim to be Sharīʿah-compliant. Introducing precious metal-backed cryptocurrencies is perceived to be an innovation among global payment systems, hampered in part by lack of supporting empirical evidence. Therefore, this research investigates potential users' tendency to adopt a Sharīʿah-compliant precious metal-backed cryptocurrency. As such, this study adopts an extended adoption model, which consists of eight factors. Partial least squares structural equation modeling (PLS-SEM) analysis was conducted on data elicited from economic active residents in Klang Valley from questionnaires. Overall, it was found six out of the eight constructs specified to influence the adoption of precious metal-backed cryptocurrency were statistically significant where 54.5% of the variation in adoption of PMBC can be explained by the structure model provided by this research. It was also found 63.55% of the respondents are willing to adopt precious metal-backed cryptocurrency in their future transactions. Wiley-Liss Inc. 2019-11-05 Article PeerReviewed application/pdf en http://irep.iium.edu.my/79512/1/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_article.pdf application/pdf en http://irep.iium.edu.my/79512/2/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_scopus.pdf application/pdf en http://irep.iium.edu.my/79512/3/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_wos.pdf Ajouz, Mousa and Abdullah, Adam and Kassim, Salina (2019) Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory. Thunderbird International Business Review, 62 (2). pp. 171-181. ISSN 1096-4762 https://onlinelibrary.wiley.com/doi/full/10.1002/tie.22106 10.1002/tie.22106
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	HG Finance HG3368 Islamic Banking and Finance
spellingShingle	HG Finance HG3368 Islamic Banking and Finance Ajouz, Mousa Abdullah, Adam Kassim, Salina Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory
description	In the crypto world, there is a proverbial (and literal) gold rush now occurring. Currently, more than 37 gold-backed cryptocurrency companies have now emerged. Interestingly, some of them also claim to be Sharīʿah-compliant. Introducing precious metal-backed cryptocurrencies is perceived to be an innovation among global payment systems, hampered in part by lack of supporting empirical evidence. Therefore, this research investigates potential users' tendency to adopt a Sharīʿah-compliant precious metal-backed cryptocurrency. As such, this study adopts an extended adoption model, which consists of eight factors. Partial least squares structural equation modeling (PLS-SEM) analysis was conducted on data elicited from economic active residents in Klang Valley from questionnaires. Overall, it was found six out of the eight constructs specified to influence the adoption of precious metal-backed cryptocurrency were statistically significant where 54.5% of the variation in adoption of PMBC can be explained by the structure model provided by this research. It was also found 63.55% of the respondents are willing to adopt precious metal-backed cryptocurrency in their future transactions.
format	Article
author	Ajouz, Mousa Abdullah, Adam Kassim, Salina
author_facet	Ajouz, Mousa Abdullah, Adam Kassim, Salina
author_sort	Ajouz, Mousa
title	Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory
title_short	Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory
title_full	Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory
title_fullStr	Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory
title_full_unstemmed	Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory
title_sort	acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory
publisher	Wiley-Liss Inc.
publishDate	2019
url	http://irep.iium.edu.my/79512/ http://irep.iium.edu.my/79512/ http://irep.iium.edu.my/79512/ http://irep.iium.edu.my/79512/1/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_article.pdf http://irep.iium.edu.my/79512/2/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_scopus.pdf http://irep.iium.edu.my/79512/3/79512_Acceptance%20of%20Shar%C4%AB%CA%BFah-compliant%20_wos.pdf
first_indexed	2023-09-18T21:51:33Z
last_indexed	2023-09-18T21:51:33Z
_version_	1777413802484039680

Acceptance of shari?ah-compliant precious metal-backed cryptocurrency as an alternative currency: an empirical validation of adoption of innovation theory

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