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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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The Dual Perspective of Social Commerce Adoption

Samira Farivar, +1 more
Book ChapterDOI

Fintech and the Transformation of the Islamic Finance Regulatory Framework in Malaysia

Ho Wen Hui, +2 more
TL;DR: In this paper, the authors have identified the undebatable need to regulate the development of the Fintech industry and its effects while analysing the drawbacks and positive effects of FintECH towards parties involved in the Islamic finance industry.
Posted Content

Determinants of e-banking adoption: A non-users perspective in Pakistan

Muhammad Ali, +2 more
- 01 Oct 2015 - 
TL;DR: In this article, a study has attempted on a motivation to identify the factors that determine the intention of non-users of e-banking service in Pakistan, in which the authors have combined Davi's technology acceptance model (TAM) with external factors, namely subjective norm (SN), trust (TR), technological self-efficacy (TSE), internet experience (IE) and enjoyment (ENJ), to introduce an extension of the TAM model for the nonusers.

Peer to peer lending on financial technology under perspective positive law and islamic law

Nurul Ula Ulya
TL;DR: In this paper, the authors used normative juridical method, with conceptual approach and statute approach, to find positive law perspective and Islamic legal perspective considering the existence of peer to peer lending products and the high risks that arised from lending with this platform.

Factors Affecting Customer Initial Trust in the Mobile Payment Service Providers: An Empirical Study

Hengliang Wu, +1 more
TL;DR: Based on Mayer’s three-dimensional trust model and traditional trust theory, the factors affecting different dimension of customer initial trust in the mobile payment service providers were tested through an empirical study and indicate that reputation and reference groups both positively affect three dimensions of trust significantly.
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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.