Determinan Niat Menggunakan Crowdfunding Syariah Sebagai Solusi Permodalan Umkm (Studi Kasus Generasi Milenial Di Pulau Jawa)

Abstract

The growth and expansion of micro, small, and medium enterprises (MSMEs) is hampered by a number of challenges, including a lack of funding. For their operations to scale and modernize competitively, they must have access to long-term funding. Various digital-based financing solutions have emerged. Islamic crowdfunding is an alternative way to finance social projects, which is a new development. This research aims to examine the behavioral intentions of millennial MSMEs when using sharia crowdfunding on the island of Java. This research adopts the Technology Acceptance Model (TAM) by adding the sharia compliance variable to the TAM model. The approach used is quantitative, with data analysis techniques in the form of structural equation modeling-PLS (SEM-PLS) with the help of Smart PLS 3 software. The sample in this research was 200 millennial-generation MSMEs on the island of Java. The sampling method used was convenience sampling, which involved distributing an online questionnaire (a Google Form) using a 1–5 Likert scale. The findings of this research offer guidance on the potential for implementing sharia crowdfunding for MSMEs. Therefore, sharia crowdfunding has the potential to ease the government's burdens in providing funds for microbusinesses and improve their skills and mentality to be more independent, creative, and able to promote their products, as well as serve as an endorsement for spreading sharia crowdfunding for MSME capital solutions in Indonesia.