Sustainable Finance and Fintech: SMEs’ Behavioural Intention towards Islamic Crowdfunding


  • Engku Huda Mursyidah Engku Hassan Ashari Finance, Institut Islam Hadhari, Universiti Kebangsaan Malaysia, & Universiti Malaysia Terengganu, Islamic Malaysia
  • Aisyah Abdul Rahman Faculty of Economics and Management, Universiti Kebangsaan Malaysia, Malaysia
  • Astiwi Indriani Department of Management, Faculty of Economics and Business, Diponegoro University, Indonesia



Islamic Crowdfunding, Bumiputera SME, Behavioural Intention, Unified Theory of Acceptance and Use of Technology (UTAUT)


A wide array of financial options is accessible to SMEs, including Islamic crowdfunding, besides solely depending on bank loans. This study aims to investigate the factors behind SMEs' intention to use Islamic crowdfunding using the extended UTAUT model. Empirical data from 525 participants consisting of Bumiputera SMEs from various sectors and employed SPSS for analysis. The results indicate that there is a positive effect of PE, SI, FC and TB, and no significant effect between EE and BI. The finding generates insights into the realized fundraising benefit factor among the Bumiputera SMEs as an extension to the UTAUT model.


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How to Cite

Engku Hassan Ashari , E. H. M., Abdul Rahman, A., & Indriani, A. (2024). Sustainable Finance and Fintech: SMEs’ Behavioural Intention towards Islamic Crowdfunding . Environment-Behaviour Proceedings Journal, 9(27), 63–70.



Community Environment / Social Psychology