ISSN: 2222-6990
Open access
Islamic financing has been an important instrument for the social and economic developments for societies in response to the protection of five fundamental elements of necessities known as the Maqasid concept which provides a conceptual paradigm in this study for UTAUT implementation of Islamic financing in light of the extension of Maqasid values. The study establishes a connection between the valuable Islamic features of the Maqasid values (MV) construct and the UTAUT model, which develops from the literature review, that is extensively employed in IT adoption to determine the intention of use. While USE, EXP, and VOL variables were omitted, the model maintains moderating factors GEN and AGE and suggests a direct relationship between MV and Behavioural Intention (BI) variables. The paper look forward to contribute to the expansion of UTAUT theoretical knowledge that extend the current limited studies of Islamic financing adoption. The study also contributes on future work extension in applications of the Islamic instruments model adoption to academicians, financial technology firms and regulators. In keeping with the technological momentum, the suggested conceptual model is presented as the underlying approach for future empirical study validation.
Abubakar, Y. S. (2016). Corporate Social Responsibility of Islamic Financial Institutions: A Look from the Maqasid Al-Shariah (Purpose of Shariah) Approach. Business and Economics Journal, 07(04). https://doi.org/10.4172/2151-6219.1000255
Al-mubarak, T., & Osmani, N. M. (2010). Applications of Maqasid al-Shari’ah and Maslahah in Islamic Banking practices: An analysis. International Seminar on Islamic Finance in India. https://doi.org/DOI: 10.13140/RG.2.1.3578.0644
Al-Raysuni, A. (2013). Imam Al-Shatibi’s Theory of the Higher Objectives and Intents of Islamic Law. Retrieved from https://iiit.org/wp-content/uploads/2018/07/books-in-brief_imam_al-shatibis_theory_of_the_higher_objectives_and_intents_of_islamic_law.pdf
Alam, M. M., Said, J., & Hassan, S. (2015). PERFORMANCE OF ISLAMIC MICROCREDIT IN PERSPECTIVE OF MAQASID AL-SHARIAH: CASE STUDY ON AMANAH IKHTIAR MALAYSIA. Humanomics, 31(4), 374–384. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2942724
Amin, H., & Hamid, M. R. A. (2018). Patronage factors of Tawarruq home financing in Malaysia. International Journal of Business and Society, 19(3), 660–677. Retrieved from http://www.ijbs.unimas.my/images/repository/pdf/Vol19-no3-paper7.pdf
Amri, M. C. El, & Mohammed, M. O. (2019). The Analysis of Cryptocurrency Based on Maqasid al-Shari’ah. In M. M. Billah (Ed.), Halal Cryptocurrency Management (pp. 119–121). https://doi.org/https://doi.org/10.1007/978-3-030-10749-9_9
Arifovic, J., Duffy, J., & Jiang, J. H. (2017). Adoption of a New Payment Method: Theory and Experimental Evidence. In Bank of Canada. Retrieved from https://www.bankofcanada.ca/2017/07/staff-working-paper-2017-28/
Auda, J. (2011). A Maq??id? approach to contemporary application of the Shar?‘ah. Intellectual Discourse, 19(2), 193–217. Retrieved from https://www.researchgate.net/publication/279668686_A_Maqasidi_approach_to_contemporary_application_of_the_Shari’ah
Bakar, M. D. (2016). Shariah Minds in Islamic Finance. Amanie Media.
Bello, N., Haque, M. F., Adeyemi, A. A., & Hasan, A. (2017). Maq??id al-Shar??ah and online banking system:Implications for service delivery. International Journal of Fiqh and Usul Al-Fiqh Studies, 1(1), 91–99. Retrieved from https://journals.iium.edu.my/al-fiqh/index.php/al-fiqh/article/view/12/8
Chapra, M. U. (2007). The Islamic Vision of Development in the Light of Maq?sid Al-Shar?‘ah. https://doi.org/10.13140/RG.2.1.4188.5047
Cheng, R. J. (2020). UTAUT Implementation of Cryptocurrency based Islamic Financing Instrument. International Journal of Academic Research in Business and Social Sciences, 10(9), 873–884. https://doi.org/10.6007/IJARBSS/v10-i9/7880
Dusuki, A. W., & Mokhtar, S. (2010). Critical Appraisal of Shari’ah Issues on Ownership in Asset-Based Sukuk as Implemented in the Islamic Debt Market. ISRA Research Paper, 1–35. Retrieved from http://www.iefpedia.com/english/wp-content/uploads/2011/02/B108.pdf
Hudaefi, F. A., & Noordin, K. (2019). Harmonizing and constructing an integrated maq??id al- Shar??ah index for measuring the performance of Islamic banks. ISRA International Journal of Islamic Finance, 11(2), 282–302. https://doi.org/10.1108/IJIF-01-2018-0003 CITATIONS
Larbani, M., & Mohammed, M. O. (2011). Decision Making Tools for Resource Allocation Based on Maqasid Al-Shariah. Islamic Economic Studies, 19. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3158951
Myyry, L. (2008). The Diversity of Value Meanings among University Students. Scandinavian Journal of Educational Research, 52(6), 549–564. https://doi.org/10.1080/00313830802497133
Rokeach, M. (1973). The Nature of Human Values. In Free Press. https://doi.org/10.2307/2576495
Schwartz, S. (1996). Value Priorities and Behavior: Applying a Theory of Integrated Value Systems. The Psychology of Values: The Ontario Symposium, 8(Jan), 1–24. Retrieved from https://www.researchgate.net/publication/228599559_Value_Priorities_and_Behavior_Applying_a_Theory_of_Integrated_Value_Systems/citations
Venkatesh, V., Morris, M. G., Davis, G. B., & Davis, F. D. (2003). USER ACCEPTANCE OF INFORMATION TECHNOLOGY: TOWARD A UNIFIED VIEW. MIS Quarterly, 27(3), 425–478. https://doi.org/0.2307/30036540
Cheng, R. J. (2024). Unified Theory of Acceptance and Use of Technology (UTAUT) Implementation of Islamic Financing with Maqasid Values Theories. International Journal of Academic Research in Business and Social Sciences, 14(9), 2023–2032.
Copyright: © 2024 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode