Factors Influencing Adoption of Cryptocurrency-Based Transaction from an Islamic Perspective

α
Al-Hussaini Abulfathi Ibrahim Saleh
Al-Hussaini Abulfathi Ibrahim Saleh
σ
Adamu Abubakar Ibrahim
Adamu Abubakar Ibrahim
ρ
Mohamad Fauzan Noordin
Mohamad Fauzan Noordin
Ѡ
H Mohd Mohadis
H Mohd Mohadis
σ International Islamic University Malaysia International Islamic University Malaysia

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Factors Influencing Adoption of Cryptocurrency-Based Transaction from an Islamic Perspective

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Abstract

This paper presents a user study of “perception of the cryptocurrency-based transaction from the Islamic views”. The motivation lies with the fact that some users of cryptocurrency-based transaction raised concern on the nature of transactions with Bitcoin. Specifically, some argued that Bitcoin can be easily used for illegal purposes. Therefore, “Technological Acceptance Model” was adopted and quantitative research methodology was utilized, to formulate and test some hypothesis that will lead to an establishment of a model. Sample of 306 participants was used in the study. The result of the hypothesis testing indicates that “Behavioral Intention to Use Cryptocurrency from the Islamic perspective” is influenced directly by Shari’ah Compliance, Perceived Ease of Use, Emotionality, Perceived Usefulness, and Financial Concern. As evident from the analysis, Emotionality is influenced directly by Financial concern and Shari’ah Compliance. Whereas, Behavioral Intention is influenced indirectly by Financial Concern. The sample is general and does not specify a specific group of study. This study has contributed to understanding the Islamic issues behind the implementation of Cryptocurrency. This study adopted.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Al-Hussaini Abulfathi Ibrahim Saleh. 2020. \u201cFactors Influencing Adoption of Cryptocurrency-Based Transaction from an Islamic Perspective\u201d. Global Journal of Computer Science and Technology - G: Interdisciplinary GJCST-G Volume 20 (GJCST Volume 20 Issue G4): .

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GJCST Volume 20 Issue G4
Pg. 21- 32
Journal Specifications

Crossref Journal DOI 10.17406/gjcst

Print ISSN 0975-4350

e-ISSN 0975-4172

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GJCST-G Classification: H.2.4
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v1.2

Issue date

August 20, 2020

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en
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This paper presents a user study of “perception of the cryptocurrency-based transaction from the Islamic views”. The motivation lies with the fact that some users of cryptocurrency-based transaction raised concern on the nature of transactions with Bitcoin. Specifically, some argued that Bitcoin can be easily used for illegal purposes. Therefore, “Technological Acceptance Model” was adopted and quantitative research methodology was utilized, to formulate and test some hypothesis that will lead to an establishment of a model. Sample of 306 participants was used in the study. The result of the hypothesis testing indicates that “Behavioral Intention to Use Cryptocurrency from the Islamic perspective” is influenced directly by Shari’ah Compliance, Perceived Ease of Use, Emotionality, Perceived Usefulness, and Financial Concern. As evident from the analysis, Emotionality is influenced directly by Financial concern and Shari’ah Compliance. Whereas, Behavioral Intention is influenced indirectly by Financial Concern. The sample is general and does not specify a specific group of study. This study has contributed to understanding the Islamic issues behind the implementation of Cryptocurrency. This study adopted.

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Factors Influencing Adoption of Cryptocurrency-Based Transaction from an Islamic Perspective

Al-Hussaini Abulfathi Ibrahim Saleh
Al-Hussaini Abulfathi Ibrahim Saleh
Adamu Abubakar Ibrahim
Adamu Abubakar Ibrahim International Islamic University Malaysia
Mohamad Fauzan Noordin
Mohamad Fauzan Noordin
H Mohd Mohadis
H Mohd Mohadis

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