ISSN: 2222-6990
Open access
Recent developments in crypto currency have heightened the emergence and development of a new forms of money generally and crypto currency particularly. This development has reached to the precious metal, which is historically known as money. Reusing precious metal as money by benefiting from crypto currencies technology is perceived to be an innovation in the current payment system that abandoned precious metal as money since 1973. Therefore, the aim of this research is to investigate the potential users’ tendency to adopt a Shariah-compliant precious metal-backed crypto currency. The methodological approach adopted in this study is a quantitative method using questionnaires that were built based on the original model of innovation diffusion theory, which consists of five factors. The analysis was conducted based on data elicited from 92 questionnaires using PLS-SEM. Overall, the results indicate that four out of the five constructs that specified to affect the adoption of PMBC were statistically significant. 50.4 percent of the differences in the adoption of PMBC can be explained by the structural model provided by this research. Just over half of the respondents (63.35) reported that they are willing to use PMBC in their future transaction. It is recommended that further empirical investigations be undertaken using alternative theories and methods.
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In-Text Citation: (Abuamria, 2020)
To Cite this Article: Abuamria, F. M. . M. A. . A. (2020). Potential Users’ Acceptance of Shariah-Compliant Precious Metal Backed Crypto Currency: A Malaysian Perspective. International Journal of Academic Research in Business and Social Sciences, 10(7), 224–231.
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