The CROWDFUNDING AND ISLAMIC SECURITIES: THE ROLE OF FINANCIAL LITERACY

Majid, Rifaldi; Nugraha, Rizky Aditya

doi:10.21098/jimf.v8i1.1420

Cited by 30 publications

(40 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…4.3.4 Islamic financial literacy, Islamic branding, behavioural intention and customer Sharia compliance behaviour. Majid and Nugraha (2022) and Yeni et al (2023) argued that Islamic financial literacy is the essential knowledge and understanding of contract principles in Islamic banks, knowledge of risks and the ability to manage savings or financing by customers so that they can make financial institution decisions based on Islamic principles. Abbas et al (2022) stated that some Muslims face the following quandary when selecting financial services: "Does the financial product they are seeking comply with Islamic principles, and does it already have an Islamic brand?"…”

Section: Eligibilitymentioning

confidence: 99%

A systematic review of customer Sharia compliance behaviour in Islamic banks: determinants and behavioural intention

Andespa,

Yeni,

Fernando

et al. 2023

JIMA

View full text Add to dashboard Cite

Purpose This study aims to investigate what past scholars have learned about Muslim consumer compliance behaviour in Islamic banks and identify what future research is needed. In addition, it also explores the relationship model between the previously studied determining factors and the customer’s Sharia compliance behaviour. Design/methodology/approach This study used a bibliometric–systematic literature review analysis using the Preferred Reporting Items for Systematic reviews and Meta-Analyses (PRISMA) technique by reviewing the articles published from 2013 to 2023. The PRISMA procedures involved several stages, including identification, screening, eligibility, analysis and conclusion based on the findings. Findings The results found that customer Sharia compliance behaviour determinants in Islamic banks are attitude, subjective norms, perceived behavioural control, Islamic financial literacy, religiosity, consumer conformity, Islamic branding and behavioural intention. Interestingly, the results indicated that such factors as consumer conformity, Islamic branding and sustainable intentions are less discussed. Practical implications Decision-makers in Islamic banks must use digital technology to offer better service and make operations more reachable for customers to access information, complete transactions and manage their accounts by Sharia principles. Therefore, the bank needs to continually produce innovative products and services so that customers have a greater variety of options to suit their Sharia-compliant financial needs. Theoretically, this study has contributed by finding the main critical domains influencing customers’ Sharia compliance behaviour, such as attitudes, subjective norms, perceptions of behavioural control, knowledge of Islamic finance, religiosity, consumer conformity, Islamic branding and behavioural intentions. Then, it makes a theoretical contribution by establishing a model that explains how customers make decisions based on Sharia-related factors in the context of their purchases. Originality/value Past studies focused on the Sharia compliance behaviour in paying Zakat for takaful customers. Therefore, this study provides critical factors of Sharia compliance behaviour on conformity, Islamic branding and sustainable intention regarding unexplored consensus on the determinants and outcomes of customer Sharia compliance behaviour of Islamic banking.

show abstract

Section: Eligibilitymentioning

confidence: 99%

A systematic review of customer Sharia compliance behaviour in Islamic banks: determinants and behavioural intention

Andespa,

Yeni,

Fernando

et al. 2023

JIMA

View full text Add to dashboard Cite

show abstract

“…Islamic financial products have become the focus of several previous studies. Sharia financial literacy research is usually carried out along with creating sharia-based financial products (Majid & Nugraha, 2022). The study Usman et al (2022) combining shariah compliance and knowledge of shariah compliance shows that a basic understanding of shariah compliance significantly impacts customer satisfaction when utilising e-banking as an Islamic banking product.…”

Section: Islamic Financial Literacymentioning

confidence: 99%

Academic community's investment decision in sharia stock market: The impact of financial literacy

Holle

Maruapey²,

Karanelan³

et al. 2023

al-Uqud

View full text Add to dashboard Cite

This study aims to determine the impact of Islamic financial literacy on the academic community at IAIN Ambon in investing in the Islamic capital market. The research methodology uses interpretive qualitative techniques. Data were collected through observation and in-depth interviews with the academic community who became informants who were determined using the purposive sampling technique. The results of the study revealed that the academic community of IAIN Ambon has high financial literacy because they received special education through investment courses and special Islamic capital markets for students, and training for lecturers and other staff, but it has not had a maximum impact on investment decisions in the Islamic capital market. The reason is that the implementation and assistance from the results of education and training are not carried out optimally. Another cause is the level of income and risk that the community thinks so that it creates boredom to invest.

show abstract

“…Similar to other types of crowdfunding platforms, equity crowdfunding serves as a means to connect entrepreneurs and investors to a project or venture (Schwienbacher, 2019) in line with their shared values and principles. Hence, Islamic Securities Crowdfunding FinTech (I-SCF) can be defined as the offering of securities by issuers through crowdfunding platforms directly to investors via an open electronic system based on Sharia principles (Majid & Nugraha, 2022). As part of Indonesia's FinTech ecosystem, Islamic SCF is now evolving not only as an alternative Sharia financing scheme but also as an implementation of Sharia business principles in the core and operational aspects of a company's business.…”

Section: Introductionmentioning

confidence: 99%

“…As part of Indonesia's FinTech ecosystem, Islamic SCF is now evolving not only as an alternative Sharia financing scheme but also as an implementation of Sharia business principles in the core and operational aspects of a company's business. Based on (Majid & Maulana, 2023), research on the intention to use Islamic SCF FinTech (I-SCF) for financing is scarce. Furthermore, in Indonesia, Majid and Nugraha (2022) examined the intensity of investor investment through SCF, both in purchasing stocks and Sukuk.…”

Section: Introductionmentioning

confidence: 99%

Islamic Securities Crowdfunding Research: A Bibliometric Analysis

Tafitri,

Ulviya Tafitri,

Aniva Nur Fadhilah

et al. 2023

AIJIEF

View full text Add to dashboard Cite

The number of publications concentrating on Islamic Fintech and Securities Crowdfunding has significantly increased in recent years, especially from 2017 to 2023. Through bibliometric analyses using Dimension.ai, a dependable platform for accessing registered titles and abstracts, this growing interest has been thoroughly investigated. This investigation's main goal is to identify common topics and writing styles among the authors in this sector. The most recent information for this analysis was obtained by using the search term "Islamic Securities Crowdfunding" on the Dimension.ai platform on September 26, 2023. Many publications have made significant contributions to this increase in research output. A well-known work in this field, "The Crowdfunding and Islamic Securities: The Role of Financial Literacy," offers insightful information on how crowdfunding and Islamic securities interact. Further highlighting their importance and prevalence in the discourse around Islamic Securities Crowdfunding is the frequent use of the terms "Research," "Study," "Platform," and "Technology." This study highlights the most productive authors who have contributed to the academic environment in this area and examines the current trends. In conclusion, it is believed that the knowledge gained from this study would inform the future endeavors of academics and professionals working in this field. Keywords: Islamic Securities Crowdfunding, Islamic Fintech, Bibliometric, Islamic Finance

show abstract

The CROWDFUNDING AND ISLAMIC SECURITIES: THE ROLE OF FINANCIAL LITERACY

Cited by 30 publications

References 0 publications

A systematic review of customer Sharia compliance behaviour in Islamic banks: determinants and behavioural intention

A systematic review of customer Sharia compliance behaviour in Islamic banks: determinants and behavioural intention

Academic community's investment decision in sharia stock market: The impact of financial literacy

Islamic Securities Crowdfunding Research: A Bibliometric Analysis

Contact Info

Product

Resources

About