Enhancing Waqf management through FinTech in Malaysia: A conceptual framework on the Technology Acceptance Model (TAM)

Authors

  • Habeebullah Zakariyah Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia
  • Adnan Opeyemi Salaudeen Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia
  • Anwar Hasan Abdullah Othman Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia
  • Romzie Rosman Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia

DOI:

https://doi.org/10.24191/jeeir.v10i2.17953

Keywords:

Cash Waqf, 4th Industrial Revolution, Technology Acceptance Model, Malaysia

Abstract

In Malaysia, academic studies on the mobilisation of cash waqf and enhancing its role as a mechanism for socio-economic development through the adoption of fintech (financial technology) is highly abound. Additionally, there are calls from stakeholders to adopt best practices fintech solutions in waqf practice to drive efficiency in waqf transactions management, ranging from fund mobilisation, investment and disbursement and connecting donors to fundraisers. This study aims to fill a knowledge gap by explaining the factors regarding the deployment of fintech related to the 4th Industrial Revolution to improve the collection and investment of cash waqf. This paper proposes a conceptual framework for expanding cash waqf collection and performance through fintech in response to the fourth industrial revolution wave study predicting computer technology adoption behaviour. The proposed model is based on a modified framework of Davis's technology acceptance model (TAM) method, which Wallace and Sheetz (2014) adopted in their study titled 'The Adoption of Software Measures: A Technology Acceptance Model (TAM) Perspective'. The model seeks to propose measurement for the independent variable of fintech awareness and knowledge, ease and usefulness of fintech, attitude towards fintech and finally, trust and confidence toward the adoption of fintech. Finally, this study will serve as a valuable guide and provide future research insights to explore this avenue further.

Author Biographies

Habeebullah Zakariyah, Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia

Habeebullah Zakariyah is an assistant professor at the IIUM Institute of Islamic Banking and Finance, (https://orcid.org/0000-0001-8720-0440). He specializes in Islamic Law and Transactions “Muamalat”. He graduated with an LLB (Hons) in Shariah and Law from Omdurman Islamic University, Sudan. He was awarded a Master of Art and PhD in Islamic Jurisprudence (Islamic Finance) from the International Islamic University Malaysia (IIUM). His research interests include Islamic finance, commercial transaction, contemporary issues in Islamic Law, Takaful and Islamic social finance. He can be reached through his email at habzak@iium.edu.my.

Adnan Opeyemi Salaudeen, Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia

Adnan Opeyemi Salaudeen, CSAA, is a Graduate Research assistant at IIUM Institute of Islamic Banking and Finance (IIiBF) (https://orcid.org/0000-0001-7337-1193). He is also a Certified Shariah Advisor and Auditor fellow at AAOIFI. He graduated from IIUM with BSc in Fiqh and Usul and MSc in Islamic Banking and Finance in 2019 and 2022, respectively. He has enormously contributed and published in the field of Islamic finance, Islamic social finance, and Takaful with different journals such as El-Barka: Journal of Islamic Economics and Business

Anwar Hasan Abdullah Othman, Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia

Anwar Hasan Abdullah Othman was a former deputy dean for responsible research and innovation. He was also an assistant professor at IIUM Institute of Islamic Banking & Finance (IIiBF) (https://orcid.org/0000-0001-5759-8216). He is currently an editor for the Turkish Journal of Islamic Economics and an associate editor for the European Journal of Islamic Finance. He has done considerable research and publications in different areas such as monetary policy, cryptocurrency industry, micro, and macroeconomic policy, assets pricing, unit trust funds industry, Islamic banking and finance, and Asian stocks markets. He can be reached at: anwar315a@yahoo.com

Romzie Rosman, Institute of Islamic Banking and Finance, International Islamic University Malaysia, Malaysia

Romzie Rosman is an associate professor at the International Islamic University Malaysia (IIUM), specializing in Islamic banking and finance. He graduated with a BA (Hons) in accounting and finance from Lancaster University, United Kingdom, in 2000. He was awarded with a Master of Business Administration (Islamic banking and finance) in 2005 and a Ph.D. (Islamic banking and finance) in 2012 from the IIUM. He has published his research in several refereed journals, such as the Journal of Economic Cooperation and Development, Pacific-Basin Finance Journal, and Journal of Islamic Accounting and Business Research. His research interests include Islamic finance and Islamic social finance.

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2022-05-31

How to Cite

Zakariyah, H., Salaudeen, A. O., Othman, A. H. A., & Rosman, R. (2022). Enhancing Waqf management through FinTech in Malaysia: A conceptual framework on the Technology Acceptance Model (TAM). Journal of Emerging Economies and Islamic Research, 10(2), 62–73. https://doi.org/10.24191/jeeir.v10i2.17953

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Vol. 10 No. 2 (2022): May 2022 Issue

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Copyright (c) 2022 Habeebullah Zakariyah, Adnan Opeyemi Salaudeen, Anwar Hasan Abdullah Othman, Romzie Rosman

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