Factors that Influence of Behavior to Contribution in Islamic Peer-to-Peer Lending with PLS-SEM Approach: Empirical Studies in Indonesia

Abstract

This study aims to develop a Theory of Planned Behavior by analyzing the factors that influence customers to contribute to Islamic P2P lending customers. This study uses a partial least squares structural equation model (PLS-SEM) analysis with 120 respondents. The number of respondents is determined by the five rules of thumb approach, while data collection is done by purposive sampling. This research was conducted for one year, namely in 2021-2022 with the provision that the sample was customers of Islamic P2P lending in Indonesia. The results of the study revealed that attitude, subjective norm and perceived behavior control had a significant positive effect on the intention to contribute to Islamic P2P lending. While piety and intention have a significant positive effect on behavior to contribute to Islamic P2P lending in Indonesia. The results of this study contribute to the development of the theory of planned behavior (TPB), more extensive research is needed such as research in countries that are members of the OIC to validate these results. Keywords: Muslim Behavior, Islamic Peer-to-Peer Landing, Financial Technology

TAM Construct, Trust, and Religiosity for Decision of Muslim Lenders to Use Funding Services on Sharia Peer-to-Peer Lending Platforms (Website and Apps)

“…These findings are in accordance with the theory of consumer behavior put forward by Kotler & Amstrong (2008), religion or in this case religiosity is part of cultural (sub-cultural) factors that can shape consumer behavior in buying or using goods and services. The findings of this study are in accordance with research conducted by Abidat et al (2019), Majid (2021), and also Rofiqo et al (2022).…”

“…A Muslim chooses sharia peer to peer lending fintech because it is based on the belief to stay away from the prohibitions of the Islamic religion, such as usury and non-halal transactions. The results of this study are also by the research of Rofiqo et al (2022), religiosity has a significant positive effect on student behavior in contributing to Islamic peer to peer lending. H5: Religiosity has a significant positive effect on the decision to use funding services on the sharia peer to peer lending platform.…”

“…Research by Khan et al (2021) showed different results, trust does not affect the intention to use the peer to peer financing platform. Research by Rofiqo et al (2022) showed religiosity has a positive effect on behavior to contributes to Islamic peer to peer lending. However, Research by Wardhani et al (2020) showed that religiosity does not affect the use of Shariabased peer to peer lending.…”

The important role of the DTPB in the development of Islamic P2P lending in Indonesia

“…In this study, PBC refers to the ability to sign up for Islamic P2P lending. According to Rofiqo et al (2022) that PBC has a positive effect on intention to use Islamic P2P lending in Indonesia. As a result, the hypothesis is: H7 : The perceived behavior control has a significant positive effect on behavior intention…”

The Effect of Dow Jones Industrial Average (DJIA) and Macroeconomic Variables on Indonesia’s Sharia Stock Index (ISSI) over the Period 2012-2021

“…However, in 2021 the Islamic stock market had started to recover and the index rose significantly until. The increasing amount of investors in Islamic stocks is inextricably linked to the role of regulators and educators in providing literacy and education to the public even in the midst of the covid-19 pandemic (Rofiqo et al, 2022).…”