Behavioral Intention on Islamic Crowdfunding Usage among Malaysian Bumiputera SMEs: Moderating effect of technology readiness

Engku Huda Mursyidah Engku Hassan Ashari; Engku Rabiah Adawiah Engku Ali; Sakinah Mat Zin

doi:10.21834/e-bpj.v8iSI14.5050

Authors

Engku Huda Mursyidah Engku Hassan Ashari Faculty of Business, Economics and Social Development, Universiti Malaysia Terengganu, 21030, Kuala Nerus, Terengganu, Malaysia; Institute of Islamic Civilization, Universiti Kebangsaan Malaysia, 43600 Bangi, Selangor, Malaysia.
Engku Rabiah Adawiah Engku Ali Institute of Islamic Banking and Finance, International Islamic University Malaysia, 53100 Kuala Lumpur, Malaysia
Sakinah Mat Zin Faculty of Business and Management, Universiti Teknologi MARA, Kelantan Branch, 18500 Machang, Kelantan, Malaysia

DOI:

https://doi.org/10.21834/e-bpj.v8iSI14.5050

Keywords:

Islamic Crowdfunding, Behavioural Intention, Bumiputera, SMEs

Abstract

Access to financing is crucial for Bumiputera SMEs’ growth, but lending from financial institutions is reduced due to default risk. Therefore, entrepreneurs often rely on short-term resources like personal savings, friends and family. Islamic crowdfunding offers wider financing alternatives to help Bumiputera SMEs grow their businesses. Hence examining the contructs that influence Bumiputera SMEs' intentions to use Islamic crowdfunding is vital. These factors are investigated using UTAUT theory, adding technology readiness as moderating factor. The proposed framework could provide insights for crowdfunding providers and policymakers to increase awareness of financing alternatives among SMEs in Malaysia.

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