FinTech, or financial technology, is an emerging technology in financial transaction. It is disruptive technology which is changing the banking behavior for stakeholders. The thriving emergence of FinTech not only affects the conventional finance industry but also Islamic finance industry, as Islamic finance sector is also embracing FinTech as part of financial revolution. Thus, the Islamic FinTech emerges as faith-based FinTech. This is because Islamic FinTech claimed to comply with Shariah principle in their mechanism and smart contract. There is limited discussion on smart contract and Islamic FinTech and its Shariah principles. Hence, the Shariah principle in smart contract of Islamic FinTech need to be addressed. This chapter tries to delve into the smart contract concept in Islamic FinTech and Shariah principles in the mechanism. The review found that smart contract is currently in the early stage and so is Islamic FinTech. The scholars agreed that FinTech is a Maslahah (interest) to mankind's benefit. However, the smart contract is still in discussion and review.
E-commerce has been extensively capitalized by big companies. However, little is known about the adoption of e-commerce by small and medium enterprises (SMEs). Many might do so to reap the efficiency of the internet to benefit their businesses. Thus, the study aims to investigate factors affecting adoption of e-commerce by SMEs in Melaka. Five dimensions, namely, Perceived Ease of Use, Security, Relative Advantage, Perceived Compatibility, and Top Management Support were drawn from Technology acceptance model and UTAUT. This research had adopted a quantitative research method that utilized questionnaires to collect data from SMEs in Melaka. About ninety-two percent of 219 questionnaires were collected. Results indicated that these dimensions were significant to influence the adoption of e-commerce among SMEs in Melaka. This finding is useful for SMEs and other organizations to understand what factors are important in making decision about adopting e-commerce. We recommend future researches to study on the behavioral aspect of ecommerce decisions and implementations.
There is no doubt that the number of women entrepreneurs continues to increase globally. Women entrepreneurs in Malaysia are experiencing a drastic decline in performance and result in shutting down business ventures. The purpose of this study examined the factors affecting the performance of women entrepreneurship in Malaysia. The phenomenal growth of women entrepreneurs and the gap in the current performance literature have necessitated this study. Due to lack of individual characteristics, inadequate family support, access to loan and finance, gender inequality, and mentorship has created huge challenges in Malaysia SMEs for women entrepreneurs and this has created a performance’s reduction of women entrepreneurs. The expected results will help to affirm the relationship between individual characteristics, family support, access to loan and finance, gender inequality, lack of mentorship, and women entrepreneurs’ performance. This study would help women entrepreneur to create platforms to increase performance, improve the management skills, strategize easy ways to access loan and finance, build a strong tie for family support, create job opportunities as well as promote the economy of Malaysia.
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