scispace - formally typeset
Open AccessJournal ArticleDOI

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
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.

read more

Content maybe subject to copyright    Report

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
More filters
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
More filters
Journal ArticleDOI

Building customer trust in mobile commerce

Keng Siau, +1 more
TL;DR: Gaining customer trust in m-commerce is a daunting process, extending from initial trust formation to continuous trust development---but it can be done.
Journal ArticleDOI

The Evolution of FinTech: A New Post-Crisis Paradigm?

Douglas W. Arner, +2 more
- 01 Oct 2015 - 
TL;DR: In this article, the authors analyse the evolution of FinTech over the past 150 years, and on the basis of this analysis, argue against its too-early or rigid regulation at this juncture.
Journal ArticleDOI

Consumers’ perceived risk: sources versus consequences

Nena Lim
- 01 Sep 2003 - 
TL;DR: This study proposes a new classification of consumers' perceived risk based on sources, highlighting the importance of identifying the sources of consumer's risk perceptions in addition to the consequences dimensions.
Journal ArticleDOI

The economics of mobile payments: Understanding stakeholder issues for an emerging financial technology application

Yoris A. Au, +1 more
- 01 Jul 2008 - 
TL;DR: This article examines a new technology application which is coming into its own around the world, in association with the revolution in wireless connectivity: mobile payments and applies a robust evaluative framework that permits identification of the relevant stakeholders and applicable theory in the analysis of consumer, firm, business process, market, industrial and social issues.
Journal ArticleDOI

Crafting Integrated Multichannel Retailing Strategies

Jie Zhang, +5 more
- 15 Apr 2009 - 
TL;DR: In this paper, the authors discuss the key issues concerning multichannel retailing, including the motivations and constraints of going multi-channel, the challenges of crafting multi-Channel retailing strategies and opportunities for creating synergies across channels.
Related Papers (5)

The Influence of Perceived Risk and Trust in Adoption of FinTech Services in Indonesia

Meyliana Meyliana, +2 more
- 31 May 2019 - 

The Effect of Trust and Risk Perception on Citizen's Intention to Adopt and Use E-Government Services in Jordan

Adel Al Khattab, +4 more
- 07 May 2015 - 

Trust, Social Influence, Self‐Efficacy, Perceived Risk and Internet Banking Acceptance: An Extension of Technology Acceptance Model in Indian Context:

Irfan Bashir, +1 more
- 01 Jan 2015 - 

Exploring Gender Effects in Intention to Islamic Mobile Banking Adoption: an empirical study

Muhammad Jamal Haider, +4 more
- 01 Jun 2018 - 

Exploring perceived risk, perceived trust, perceived quality and the innovative characteristics in the adoption of smart government services in Jordan

Mohammed-Issa Riad Mousa Jaradat, +2 more
- 27 Jun 2018 - 
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.