Trust motivates funders to participate in Shari’ah crowdfunding

Nor, Shifa Mohd; Hashim, Noor Azuan

doi:10.17576/geo-2020-1602-18

Cited by 7 publications

(7 citation statements)

References 35 publications

(41 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Ja'afar, (2022), and Mahfudz (2022) examine the social implications of Islamic finance and explores the concept of zakat, sadaqah, and waqf as mechanisms for promoting social inclusivity. This work provides a useful framework for understanding the social objectives of Islamic Fintech organizations as coined in the work of Nor and Hashim, (2020); Razak, Dali, Dhillon, and Manaf, (2021).…”

Section: 3mentioning

confidence: 99%

Ai Systems and Methods in Generating Social Profile of Sustainable Entrepreneurship Value Model in Islamic Fintech Organisations

Raja Kasim,

Che Azman,

Ariffin

2023

I-iECONS

View full text Add to dashboard Cite

As Malaysia strives for a more sustainable future, the case for developing values to facilitate entrepreneurship better becomes more compelling. One of the lessons learned was from Fintech organizations. Their goals and outcomes in Shariah and Non-Shariah Fintech solution offerings have yet to be determined. The Sustainable Entrepreneurship Values (SEV) is developed using an artificial intelligence system that allows prescription, forecasting, prediction, and recommendation. The SEV model examines the action of Fintech organizations to create value in promoting sustainable, inclusive, and socially beneficial outcomes. The system offers better access to a wider variety of data, increased computing power, greater demand for improvements in efficiency, and economic growth. Providing an all-inclusive solution encourages Islamic Fintech organizations to reconsider the difficulties in achieving their goals, particularly social inclusivity (sadaqah, waqf, and zakat services). The outcome is to generate the SEV model, which adds value to the objectives of the Madani Framework on economy, finance, and communities; the Islamic Hub 2.0; and SDG8 on decent work and economic growth. The output provides the co-creation of value generated by the supportive ecosystem with ongoing innovation, with 14 sub-sectors of Fintech contributing to the co-creation of SEV values applicable to the Malaysian Education Policy on Industry 4.0. As a result, the SEV model explains sustainable entrepreneurship values that act as game changers for organizations.

show abstract

Section: 3mentioning

confidence: 99%

Ai Systems and Methods in Generating Social Profile of Sustainable Entrepreneurship Value Model in Islamic Fintech Organisations

Raja Kasim,

Che Azman,

Ariffin

2023

I-iECONS

View full text Add to dashboard Cite

show abstract

“…Research has shown that trust has a positive correlation with the amount of funding raised, particularly for campaigns with lower funding goals (Zheng et al, 2017). Nor & Hashim (2020) demonstrated that trust has a favourable impact on the amount of money contributed to social crowdfunding initiatives in Malaysia. Contributors are more likely to donate when they have confidence in the campaign organisers and believe that their donations will be used for specific purposes.…”

Section: Trustmentioning

confidence: 99%

Social crowdfunding project: Do project quality and trust matter?

2023

SMRJ

View full text Add to dashboard Cite

In the digital age, crowdfunding has emerged as a prominent way of raising funds, embraced by entrepreneurs and project owners who seek financial backing for their ventures. Through crowdfunding platforms, certain individuals have witnessed the success of campaigns that draw significant funds, enabling the realisation of their projects. However, it's essential to know that not all crowdfunding efforts are equal. While some campaigns may struggle to meet their funding goals, others exceed expectations by a considerable margin. Like other online platforms, trust plays a crucial role in establishing and nurturing relationships within crowdfunding campaigns. Project owners seek confidence that donations contributed by supporters for their social projects are used for their intended purposes. Additionally, the quality of projects has a substantial influence. Hence, the primary objectives of this study are to investigate how project quality (video and logo) could potentially influence crowd trust when considering donations. By examining these factors, we aim to gain valuable insights into the dynamics of crowdfunding campaigns. Using a sample of 420 participants residing in the Klang Valley, this study empirically demonstrated that project quality significantly contributes to enhancing crowd trust. The findings presented in this paper hold the potential to offer valuable insights to project owners aiming to augment their funding goals within crowdfunding projects.

show abstract

“…Trust is a particularly critical factor when using fintech; after a customer has tried fintech, their continued use depends on building trust (Jena, 2022). According to Nor and Hashim (2020), fintech has influenced conventional crowdfunding using the internet and smartphone applications. On the one hand, platforms have raised funds for different activities, including social initiatives and entrepreneurship, and on the other hand, trust has become a concern that has deterred funders from online platform investment.…”

Section: Trust (Tr)mentioning

confidence: 99%

Factors affecting customers' adoption of fintech in the gulf cooperation council countries

Shehata

Abdeljawad

Mazouz

et al. 2023

5002

View full text Add to dashboard Cite

This study examines the factors affecting customers' adoption of fintech in the Gulf Cooperation Council (GCC) countries. Based on fintech adoption models, a conceptual framework was developed and extended to include COVID-19 situational influences. Data were collected during the spread of COVID-19 and its subsequent variants. The sample comprises 484 customers who obtained financial services in the GCC countries. Hypotheses were tested using partial least squares structural equation modeling (PLS-SEM). The findings indicate that perceived usefulness, perceived ease of use, trust, and situational influences of COVID-19 have significantly affected customers' attitudes toward the use of fintech. Furthermore, such attitudes had a significant effect on customers’ intentions to use fintech. The findings also indicate that both perceived usefulness and the situational influences of COVID-19 have had significant direct and indirect effects on customers’ intentions to use fintech. Social influences have only directly affected customers’ intentions to use fintech, both perceived ease of use and trust have only indirectly affected the customers’ intentions to use fintech. Conversely, the findings show that social influence does not affect customers’ attitudes towards using fintech. This study provides several recommendations to financial institutions in the GCC Countries.

show abstract

Trust motivates funders to participate in Shari’ah crowdfunding

Cited by 7 publications

References 35 publications

Ai Systems and Methods in Generating Social Profile of Sustainable Entrepreneurship Value Model in Islamic Fintech Organisations

Ai Systems and Methods in Generating Social Profile of Sustainable Entrepreneurship Value Model in Islamic Fintech Organisations

Social crowdfunding project: Do project quality and trust matter?

Factors affecting customers' adoption of fintech in the gulf cooperation council countries

Contact Info

Product

Resources

About