Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model

Purpose – Waqf institutions in many Muslim countries including in Malaysia are facing liquidity constraints in developing waqf land. This paper aims to offer a sustainable model of source of financing for waqf institutions to meet their liquidity constraint in developing waqf land, which is known as...

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Main Authors:	Mohd Thas Thaker, Mohamed Asmy, Mohd Thas Thaker, Hassanudin, Allah Pitchay, Anwar
Format:	Article
Language:	English English English
Published:	Emerald Publishing Limited 2018
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/62595/ http://irep.iium.edu.my/62595/ http://irep.iium.edu.my/62595/ http://irep.iium.edu.my/62595/1/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention.pdf http://irep.iium.edu.my/62595/2/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention_SCOPUS.pdf http://irep.iium.edu.my/62595/13/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention_WOS.pdf

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spelling	iium-625952019-01-25T07:31:19Z http://irep.iium.edu.my/62595/ Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Allah Pitchay, Anwar H Social Sciences (General) Purpose – Waqf institutions in many Muslim countries including in Malaysia are facing liquidity constraints in developing waqf land. This paper aims to offer a sustainable model of source of financing for waqf institutions to meet their liquidity constraint in developing waqf land, which is known as the crowdfunding–waqf model (CWM). Later, CWM validated its acceptance in the field among the crowdfunders by adopting the theory of technology acceptance model (TAM). Design/methodology/approach – The primary data are collected from the survey administered to donors or crowdfunders in Selangor, Penang, Johor and Pahang. The total number of respondents are n = 1,000. The analysis is conducted using structural equation modeling (SEM). Findings – Based on findings, both the perceived usefulness and perceived easy to use of CWMare found to have a positive impact on the behavioral intention of crowdfunders or donors in assisting waqf institutions to develop waqf land in Malaysia. Furthermore, perceived easy to use has a positive relationship and direct effect on perceived usefulness of crowdfunders to use the CWM. Research limitations/implications – There are some limitations of the current study. The sample size and area of study become the obvious limitations. Thus, there is a need for caution in theinterpretation of the results, and the conclusion cannot be as generalized. Besides, the use of current factors might limit the ability to explore other potentially important determinants of the crowdfunders’ behavioral intention on using CWM. Thus, future research can be conducted by incorporating new factors and provide new insights for optimizing CWM. Other potential moderator variables should be included into the research model in order to obtain more robust results. Practical implications – The findings of this paper will provide a new avenue for waqf institutions to raise funds for developing waqf land, particularly in Malaysia. The present study also has implications for the government and policymakers. Through CWM, it enables to reduce the expenses of the government for the development of waqf land. Indeed, CWM could be applied in other Muslim countries that are facing liquidity constraint in developing waqf land. Emerald Publishing Limited 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/62595/1/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention.pdf application/pdf en http://irep.iium.edu.my/62595/2/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention_SCOPUS.pdf application/pdf en http://irep.iium.edu.my/62595/13/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention_WOS.pdf Mohd Thas Thaker, Mohamed Asmy and Mohd Thas Thaker, Hassanudin and Allah Pitchay, Anwar (2018) Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model. International Journal of Islamic and Middle Eastern Finance and Management, 11 (2). pp. 231-249. ISSN 1753-8394 https://www.emeraldinsight.com/doi/full/10.1108/IMEFM-06-2017-0157 10.1108/IMEFM-06-2017-0157
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Allah Pitchay, Anwar Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model
description	Purpose – Waqf institutions in many Muslim countries including in Malaysia are facing liquidity constraints in developing waqf land. This paper aims to offer a sustainable model of source of financing for waqf institutions to meet their liquidity constraint in developing waqf land, which is known as the crowdfunding–waqf model (CWM). Later, CWM validated its acceptance in the field among the crowdfunders by adopting the theory of technology acceptance model (TAM). Design/methodology/approach – The primary data are collected from the survey administered to donors or crowdfunders in Selangor, Penang, Johor and Pahang. The total number of respondents are n = 1,000. The analysis is conducted using structural equation modeling (SEM). Findings – Based on findings, both the perceived usefulness and perceived easy to use of CWMare found to have a positive impact on the behavioral intention of crowdfunders or donors in assisting waqf institutions to develop waqf land in Malaysia. Furthermore, perceived easy to use has a positive relationship and direct effect on perceived usefulness of crowdfunders to use the CWM. Research limitations/implications – There are some limitations of the current study. The sample size and area of study become the obvious limitations. Thus, there is a need for caution in theinterpretation of the results, and the conclusion cannot be as generalized. Besides, the use of current factors might limit the ability to explore other potentially important determinants of the crowdfunders’ behavioral intention on using CWM. Thus, future research can be conducted by incorporating new factors and provide new insights for optimizing CWM. Other potential moderator variables should be included into the research model in order to obtain more robust results. Practical implications – The findings of this paper will provide a new avenue for waqf institutions to raise funds for developing waqf land, particularly in Malaysia. The present study also has implications for the government and policymakers. Through CWM, it enables to reduce the expenses of the government for the development of waqf land. Indeed, CWM could be applied in other Muslim countries that are facing liquidity constraint in developing waqf land.
format	Article
author	Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Allah Pitchay, Anwar
author_facet	Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Allah Pitchay, Anwar
author_sort	Mohd Thas Thaker, Mohamed Asmy
title	Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model
title_short	Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model
title_full	Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model
title_fullStr	Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model
title_full_unstemmed	Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model
title_sort	modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (cwm) in malaysia: the theory of the technology acceptance model
publisher	Emerald Publishing Limited
publishDate	2018
url	http://irep.iium.edu.my/62595/ http://irep.iium.edu.my/62595/ http://irep.iium.edu.my/62595/ http://irep.iium.edu.my/62595/1/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention.pdf http://irep.iium.edu.my/62595/2/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention_SCOPUS.pdf http://irep.iium.edu.my/62595/13/62595_Modeling%20crowdfunders%E2%80%99%20behavioral%20intention_WOS.pdf
first_indexed	2023-09-18T21:28:42Z
last_indexed	2023-09-18T21:28:42Z
_version_	1777412365071941632

Modeling crowdfunders’ behavioral intention to adopt the crowdfunding-waqf model (CWM) in Malaysia: the theory of the technology acceptance model

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