Impact of demand side factors on adoption of Islamic finance by SMEs: a way forward for sustainable financial markets

Rasheed, Rabia; Siddiqui, Sulaman Hafeez

doi:10.1504/ijbg.2022.124526

Cited by 2 publications

(4 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…trust, knowledge, attitude, social influence, awareness, knowledge, subjective norms, financial products, self-efficacy, self-esteem, innovation, personal control, religious beliefs, etc. (Riaz et al , 2017; Maulana et al , 2018; Soomro et al , 2021; Ali et al , 2022a, 2022b; Rasheed and Siddiqui, 2022; Muflih, 2022), are found to be the significant analysts of AtIF and ItIF. However, the studies did not focus on the mediating role of AtIF in developing the association between PoSC, loyalty, RP and KoIFS with ItIF.…”

Section: Literature Review and Hypothesesmentioning

confidence: 90%

“…Academically, the quantitative approach grows out of a robust academic tradition that places extensive and great trust in numbers and offers concepts of opinions (Amaratunga et al , 2002). Furthermore, we knock the domain literature in the attitudinal and intentional domains of IF and found a significant number of studies such as Maulana et al (2018), Soomro et al (2021), Muflih (2022) and Rasheed and Siddiqui (2022). They applied quantitative methods to investigate such types of trends.…”

Section: Methodsmentioning

confidence: 99%

“…In SMEs, AtIF is stumpy and displays negative AtIF. Financial knowledge stout affects owner-managers of ItIF (Rasheed and Siddiqui, 2022). The attitude–social influence–self-efficacy model suggests the powerful impact of consumers’ intentions of using IF products.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

See 2 more Smart Citations

Intention to adopt Islamic finance through the mediation of attitudes towards Islamic finance

Shah

Bhatti

Anwar

et al. 2023

JIABR

View full text Add to dashboard Cite

Purpose This paper aims to explore the intention to adopt Islamic finance (ItIF) through the mediation of attitudes towards Islamic finance among microbusiness owners of Pakistan. Design/methodology/approach The study is co-relational and based on cross-sectional data. The authors gathered the data from microbusiness owners through a survey questionnaire. The authors used 236 valid cases to assume the outcomes. Findings The results through structural equation modeling reveal a significant positive effect of the perception of Shariah compliance (PoSC), knowledge of the Islamic financial system (KoIF), religious preferences (RP) and loyalty on ItIF. Furthermore, attitude towards Islamic finance (AtIF) is a potent factor in developing the relationship between PoSC, KoIF, RP, loyalty and ItIF. Practical implications The study’s findings would be helpful for planners and policymakers in developing policies that favourably enhance the attitudes and intentions among individuals towards Islamic financing. The results would inspire readers to go to Islamic finance and an interest-free financial system enriched with Shariah law or Islamic obligations. The study would provide implications for the financial institutions in Pakistan and the rest of the Muslim world. Originality/value The study offers an apparent thoughtfulness of the empirical evidence from microbusiness owners of Pakistan. The study would provide a plausible mediating contribution of AtIF.

show abstract

Section: Literature Review and Hypothesesmentioning

confidence: 90%

Section: Methodsmentioning

confidence: 99%

See 1 more Smart Citation

Intention to adopt Islamic finance through the mediation of attitudes towards Islamic finance

Shah

Bhatti

Anwar

et al. 2023

JIABR

View full text Add to dashboard Cite

show abstract

“…However, there are still important issues that require further research and deliberation. First, although most studies (e.g., Balushi et al, 2019;Asad et al, 2021;Rasheed & Siddiqui, 2022) have focused on the individual level, halal-certified companies need to consider the adoption of IFF as an essential strategic advantage that helps organisations achieve their goals. Therefore, the objective of this study aims to determine the variables that influence the intention of halalcertified companies in Malaysia to adopt IFF at the organisational level.…”

Section: Introductionmentioning

confidence: 99%

Moderator Effects of Owner-Manager Knowledge on The Intention to Adopt Islamic Financing Facilities in Malaysia

Soha,

Junoh,

Ahmad

et al. 2023

IJIF

View full text Add to dashboard Cite

Purpose ‒ The research aims to investigate the owner-manager knowledge as a moderator variable enhancing intention to adopt Islamic financing facilities (IFF). Design/Methodology/Approach ‒ The research obtained primary data by conducting a survey of 237 participants from halal-certified companies in Malaysia. The data was analyzed using partial least squares (PLS) to provide support for the hypotheses. Findings ‒ The results show that relative advantage, top management support, owner-manager knowledge, and competitive pressure have a significant positive impact on the intention to adopt IFF. Owner-manager knowledge was also found to have a negative and significant effect on the relationship between complexity, top management support, and the intention to adopt IFF. Originality/Value ‒ The research identifies a number of gaps in current literature. Firstly, it addresses the limitations of previous research on the adoption of IFF at an organizational level. Secondly, it examines the role of owner-manager knowledge as a moderating factor in the relationship between innovation, organizational and environmental (IOE) characteristics, and adoption intention, which has not been explored in any empirical studies to date. Research Limitations ‒ This study has two main limitations. Firstly, the data analysis is based on a cross-sectional design, which cannot provide empirical evidence to support causal inferences. Secondly, the majority of the respondents are from the food/beverage/food supplement industry, as revealed in the results. Practical Implications ‒ These findings can guide stakeholders in developing effective strategies to enhance the adoption of IFF by halal-certified companies in Malaysia.

show abstract

Impact of demand side factors on adoption of Islamic finance by SMEs: a way forward for sustainable financial markets

Cited by 2 publications

References 0 publications

Intention to adopt Islamic finance through the mediation of attitudes towards Islamic finance

Intention to adopt Islamic finance through the mediation of attitudes towards Islamic finance

Moderator Effects of Owner-Manager Knowledge on The Intention to Adopt Islamic Financing Facilities in Malaysia

Contact Info

Product

Resources

About