This study aims to investigate the effect of Islamic Financial Literacy on the intentions of prospective Muslim investors to invest through the Islamic securities crowdfunding FinTech (I-SCF FinTech) platform. With employed Partial Least Square – Structural Equation Modeling, this study used 100 valid samples from the total 125 questionnaires filled in. The sample technique was Simple random sampling with convenience technique. Data were obtained through filling out online questionnaires using a google form containing questions adopted from relevant research. We also employed the Technology Acceptance Model (TAM) combined with the Theory of Planned Behavior (TPB) which also integrated with Islamic Financial Literacy (IFL) focused on investment. The main finding in this study is that IFL switch is the identity as well as the risks inherent in Islamic financial products is found to have a significant effect on behavioral intention. The results of this study are expected to add to the scientific treasures on the side of investors' intentions to adopt I-SCF FinTech which is still very rarely done. Practically, the research has implications for the need to strengthen product and contract literacy followed by supervision and implementation of contracts that are in line with sharia principles through synergy between the Financial Service Authority (OJK) and the crowdfunding FinTech associations as well as relevant stakeholders.
The development of Islamic securities crowdfunding (I-SCF) financial technology has recently become a momentum for micro, small, and medium enterprises (MSMEs) in terms of fulfilling capital by issuing shares (sukuk) based on syariah principles. This research examines the role of Islamic financial literacy through the use of variables from the theory of planned behavior about the intentions of MSME actors to apply for capital through I-SCF. A total of 97 responses were collected from MSMEs owners/managers who have been in business for at least two years using an online questionnaire and then examined using structural equation modeling by SmartPLS. The results show that the variables of subjective norm, perceived behavioral control, and attitude toward behavior significantly influence the intention to obtain capital to expand one’s business. The primary finding of this research is that Islamic financial literacy has been experimentally shown to improve the desire of MSME players to expand their business capacity. There is thereby a need for continuous efforts from the Indonesian Financial Service Authority to collaborate with industry players, organising associations, and syariah scholars to boost Islamic financial literacy through sustainable education. In addition, efforts to maintain the uniqueness of I-SCF and its syariah compliancy must be supported by prospective I-SCF providers, even while awaiting their operational permits.
This research aims at designing PAS (Passive Active Structure) based on an Android Application in Grammar lesson for 11th-grade students of AT- Taufiq Islamic Senior High School, Diwek, Jombang. The research used Research and Development method (R&D) that the researcher adapted from ADDIE (Analyze, Design, Development, Implementation, and Evaluation). Taken from the data on the development phase, the researcher obtained a result of 100% points on media validation that was categorized as “good quality”. The result of material validation is 70,8% points that were also classified as “good quality”. Moreover, in the implementation phase, the student's responses were 76,8% that could be classified as "good quality". From the data that this research showed, it can be said that this application is feasible and capable of being applied to Islamic Senior High School.
Research conducted by Fama and French in 1996 showed that there were factors other than the beta that were significantly able to predict stock returns. However, several subsequent studies showed inconsistent results. The discrepancy between the results of previous studies prompted this research to be carried out. In this study, the researchers selected the stocks used based on the criteria for company profits and return on equity (ROE) offered by Warren Buffett. This study uses Buffett's criteria in selecting stocks that are used to analize TFMFF in estimating the return of stocks grouped into the Fama French portfolio. The method used is quantitative. The secondary data used are quarterly close price data, mining company equity value, Bank Indonesia interest rate (risk-free rate), and number of outstanding shares (number of shares outstanding). The results show that the TFMFF is accurate in predicting stock returns.
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