Analyzing the Behavioral Intention Factors in Using Zakat-Based Crowdfunding Platform in Indonesia

Abstract

This study aims to examine the behavioral intention of the Muslim crowd funders to use the Zakat-based crowdfunding platform model by adopting the Unified Theory of Acceptance and Use of Technology (UTAUT) Model. The online platform, as an intermediary between Muslim crowd funders and MSMEs, provides financing services for MSMEs to fight any situation/pandemic like COVID-19 nowadays. This study used the primary data collected by using the online survey questionnaires, and then the analysis is conducted using partial least squares (PLS) regression. The empirical study shows that all the variables except for facilitating conditions have a significant positive effect on Muslim crowd funders' intention to use the Zakat-based crowdfunding platform model. The present study will help the government and policymakers to plan appropriate intervention strategies to minimize the adverse impact of the COVID-19 pandemic on MSMEs in Indonesia. Furthermore, the study will contribute to the existing literature, especially on the factors influencing the adoption of the Zakat-based crowdfunding platform model.

Determinant of Behavioral Intention to Use Digital Zakat Payment: The Moderating Role of Knowledge of Zakat

“…H2 can be accepted because social influence can improve behavioral intention to use digital zakat payments. This study confirms previous findings that social influence positively affects behavioral intention (Izzati, 2020;Patil et al, 2020;Soodan & Rana, 2020;Sulaeman & Ninglasari, 2020;Teoh et al, 2020).…”

“…However, other findings state that performance expectancy does not affect behavioral intention (Izzati, 2020;Njenga & Salih, 2018;Purwanto & Loisa, 2020). The study results for the second variable, namely Effort expectancy, positively affect the behavioral intention (Intarot, 2018;Sah et al, 2021;Soomro, 2019;Sulaeman & Ninglasari, 2020;Teoh et al, 2020). However, an exciting finding states that Effort expectancy does not affect the behavioral intention (Soodan & Rana, 2020;Syifa & Tohang, 2020;Widodo et al, 2019).…”

“…Previous research has discussed how muzzaki behavior uses digital media. The models used to explore the muzzaki behavior include the Technology Acceptance Model (TAM) (Purwanto et al, 2021;Utami et al, 2020) and the unified theory of acceptance and use of technology (UTAUT) (Kasri & Yuniar, 2021;Sulaeman & Ninglasari, 2020). This study wants to conform to the UTAUT theory in the context of the intention to use digital zakat fulfillment.…”

“…The fourth variable, namely Facilitating condition, positively affects behavioral intention (P & Manohar, 2021;Patil et al, 2020;Purwanto & Loisa, 2020;Rahardjo et al, 2020;Samsudeen et al, 2020). Meanwhile, other results state that the Facilitating condition does not affect behavioral intention (Do et al, 2020;Musahidah & Sobari, 2021;Sulaeman & Ninglasari, 2020). Given the inappropriate results of the UTAUT model, it is important to construct the UTAUT model.…”

The Role of Religiosity in Explaining the Intention to use Islamic FinTech Among MSME Actors

“…Even so, there have been several studies examining the determinants of the intention to use Islamic FinTech, including the willingness to do transactions both for commercial or social motives using digital platforms. For social and donation purposes, Niswah, Mutmainah & Legowati (2019), Sulaeman & Ninglasari (2020), Aji et al (2020), and Kasri & Yuniar (2021) each of them examines the empirical factors that influence willingness to distribute zakat or donate sadaqah and infaq using digital platforms. The intention to donate cash waqf digitally was also investigated by Amin, Rahim, Ramayah & Supinah (2014) and Kasri & Chaerunnisa (2020).…”