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How perceived risk, benefit and trust determine user Fintech adoption: a new dimension for Islamic finance

Muhammad Ali, +4 more
- 04 Mar 2021 - 
- Vol. 23, Iss: 4, pp 403-420
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TLDR
In this paper, the influence of perceived benefit, perceived risk and user trust on the intention to adopt Islamic Fintech has been explored and the results revealed that perceived benefit and perceived risk were significant and positively influenced by their factors.
Abstract: 
This study’s objectives are twofold; first, this paper aims to explore the determinants of perceived benefit and perceived risk of Islamic Fintech. Second, this study examines the influence of perceived benefit, perceived risk and user trust on the intention to adopt Islamic Fintech. The sample of 350 was distributed among the respondents, while a usable sample of 321 was retained for the analysis. The study performed a self-administration survey to collect the sample data while the hypothesized model was tested using SmartPLS. The results revealed that perceived benefit and perceived risk were significant and positively influenced by their factors. Moreover, perceived benefits showed a positive and significant impact on trust. However, perceived risk had a negative and significant impact on trust. The results also found a strong positive and significant relationship between trust and intention to adopt Islamic Fintech. The outcome of this research may be used to develop strategies for Fintech and enables the financial sector to attain economies of scale in the world.

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How perceived risk, benefit and trust determine user Fintech adoption: a new
dimension for Islamic finance
Abstract
This study’s objectives are twofold; first, this paper aims to explore the determinants of
perceived benefit and perceived risk of Islamic Fintech. Second, this study examines the
influence of perceived benefit, perceived risk and user trust on the intention to adopt Islamic
Fintech. The sample of 350 was distributed among the respondents, while a usable sample of
321 was retained for the analysis. The study performed a self-administration survey to collect
the sample data while the hypothesized model was tested using SmartPLS. The results
revealed that perceived benefit and perceived risk were significant and positively influenced
by their factors. Moreover, perceived benefits showed a positive and significant impact on
trust. However, perceived risk had a negative and significant impact on trust. The results also
found a strong positive and significant relationship between trust and intention to adopt
Islamic Fintech. The outcome of this research may be used to develop strategies for Fintech
and enables the financial sector to attain economies of scale in the world.
Citations
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Journal ArticleDOI

Fintech in islamic finance literature: A review

Muneer M. Alshater, +3 more
- 01 Aug 2022 - 
TL;DR: In this article , a review of Islamic FinTech research development from 2017 to 2022 is presented, which adopts a hybrid approach combining bibliometric and content analysis to reveal the current research trend of Islamic fintech research.
Journal ArticleDOI

Benefit–Risk Perceptions of FinTech Adoption for Sustainability from Bank Consumers’ Perspective: The Moderating Role of Fear of COVID-19

Ruzita Abdul-Rahim, +3 more
- 08 Jul 2022 - 
TL;DR: In this article, a survey of bank consumers in Malaysia between December 2021 and February 2022 yielded 1279 usable questionnaires, randomly selected to generate 400 respondents, and the results revealed that the perceived benefits significantly influence FinTech adoption, whereas perceived risk does not.
Journal ArticleDOI

Opportunities and Barriers for FinTech in SAARC and ASEAN Countries

Tasadduq Imam, +3 more
- 13 Feb 2022 - 
TL;DR: In this paper , the authors assess the opportunities and challenges for different categories of FinTechs in the SAARC and ASEAN regions, and develop a new index, termed the FinTech Opportunity Index (FOI), to conceptualise the opportunity and barriers based on individual savings, borrowings, purchasing behavior, and payment preferences.
Journal ArticleDOI

Drivers Influencing the Adoption Intention towards Mobile Fintech Services: A Study on the Emerging Bangladesh Market

Md. Sharif Hassan, +5 more
- 20 Jul 2022 - 
TL;DR: In this article , a study aimed to identify the factors that impact the adoption intention of consumers to embrace and enhance the use of mobile fintech services in an emerging market, Bangladesh.
Journal ArticleDOI

Factors Affecting Fintech Adoption: A Systematic Literature Review

Egi Arvian Firmansyah, +3 more
- 28 Dec 2022 - 
TL;DR: In this article , the authors employed the systematic literature review (SLR) technique to review recent literature on fintech adoption or acceptance employing the Scopus database (2019-2022).
References
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Journal ArticleDOI

Perceived benefits, perceived risk, and trust: Influences on consumers' group buying behaviour

Matthew Tingchi Liu, +4 more
- 10 Nov 2013 - 
TL;DR: Zhang et al. as mentioned in this paper investigated how perceived benefits, perceived risk, and trust influence Chinese consumers' online group buying organized by institutional initiators and found that three perceived benefits (price benefit, convenience benefit, and recreational benefit) and three factors that together represent trust of the initiator (perceived reputation, structural assurance, and website trustworthiness) significantly positively influence consumers' attitudes toward online group-buying.
BookDOI

Public reactions to nuclear waste : citizens' views of repository siting

Riley E. Dunlap, +2 more
- 01 Jul 1994 - 
TL;DR: This article provided extensive studies of the reaction of citizens to proposed nuclear waste sites around the United States, particularly Nevada's Yucca Mountain, and these studies constitute the most comprehensive account available of the impact of public perceptions and opinions on the nuclear waste policy process.
Journal ArticleDOI

Why do people share their context information on Social Network Services? A qualitative study and an experimental study on users' behavior of balancing perceived benefit and risk

Haein Lee, +2 more
- 01 Sep 2013 - 
TL;DR: The results showed that both expected benefit and expected risk influenced users' intention to share, and the effect of expected benefit was found to be stronger than that of expected risk.
Journal ArticleDOI

Mobile payment adoption: Classification and review of the extant literature

Emma L. Slade, +2 more
- 01 Jan 2013 - 
Journal ArticleDOI

The FinTech phenomenon: antecedents of financial innovation perceived by the popular press

Liudmila Zavolokina, +2 more
- 02 Dec 2016 - 
TL;DR: In this article, the authors unveil the drivers motivating the FinTech phenomenon perceived by the English and German popular press including the subjects discussed in the context of FinTech, and extend the growing knowledge on FinTech and contribute to a common understanding in the financial and digital innovation literature.
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Frequently Asked Questions (1)
Q1. What have the authors contributed in "How perceived risk, benefit and trust determine user fintech adoption: a new dimension for islamic finance" ?

This study ’ s objectives are twofold ; first, this paper aims to explore the determinants of perceived benefit and perceived risk of Islamic Fintech. Second, this study examines the influence of perceived benefit, perceived risk and user trust on the intention to adopt Islamic Fintech. The study performed a self-administration survey to collect the sample data while the hypothesized model was tested using SmartPLS. The outcome of this research may be used to develop strategies for Fintech and enables the financial sector to attain economies of scale in the world.