An Empirical Examination of Factors Influencing the Behavioral Intention to Use Zakat-Based Crowdfunding Platform Model for Countering the Adverse Impact of COVID-19 on MSMEs in Indonesia

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Sulaeman Sulaeman Sri Yayu Ninglasari

Abstract

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 concept of the Unified Theory of Acceptance and Use of Technology (UTAUT) Model. The platform model, as an intermediary between Muslim crowd funders and MSMEs, provides financing services for MSMEs to fight any kind of situation/pandemic like COVID-19 nowadays. This study used the primary data that is 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 the intention of Muslim crowd funders 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.

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How to Cite
Sulaeman, S., & Ninglasari, S. (2020, October 26). An Empirical Examination of Factors Influencing the Behavioral Intention to Use Zakat-Based Crowdfunding Platform Model for Countering the Adverse Impact of COVID-19 on MSMEs in Indonesia. International Conference of Zakat, 203-218. https://doi.org/https://doi.org/10.37706/iconz.2020.218
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Author Biographies

Sulaeman Sulaeman, Faculty of Economics and Business, Airlangga University, Surabaya, Indonesia

Postgraduate Student at Faculty of Economics and Business, University of Airlangga, Surabaya, Indonesia. His study is fully funded by LPDP (Lembaga Pengelola Dana Pendidikan) Scholarships 2019. For corresponding the author, he can be contacted at sulaeman-2019@feb.unair.ac.id 

Sri Yayu Ninglasari, Faculty of Economics and Business, University of Airlangga, Surabaya, Indonesia

Postgraduate Student at the Faculty of Economics and Business, University of Airlangga, Surabaya, Indonesia. Her study is fully funded by LPDP (Lembaga Pengelola Dana Pendidikan) Scholarships 2019. For corresponding the author, she can be contacted at sri.yayu.ninglasari19@feb.unair.ac.id