Potential Users’ Acceptance of Sharīʿah-Compliant Precious Metal Backed Crypto Currency: A Malaysian Perspective

Potential Users’ Acceptance of Sharīʿah-Compliant Precious Metal Backed Crypto Currency: A Malaysian Perspective

Faeyz M.J Abuamria

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Mousa A.M Ajouz

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Palestine Ahliya University

Potential Users’ Acceptance of Sharīʿah-Compliant Precious Metal Backed Crypto Currency: A Malaysian Perspective

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Abstract

Recent developments in crypto currency have heightened the emerge and development of new form of money generally and crypto currency particularly. This development has reach to the precious metal which is historically known as a money. Reusing precious metal as a money by benefiting from crypto currencies technology is perceived to be an innovation in the current payment system that abandoned precious metal as a money since 1973. Therefore, the major aim of this research is to investigate in the potential users’ tendency to adopt a Sharīʿah-compliant precious metal backed crypto currency. The methodological approach adopted in this study is a quantitative method using questionnaires that was 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 adoption of PMBC can be explained by the structure model provided by this research.

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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

Faeyz M.J Abuamria. 2020. \u201cPotential Users’ Acceptance of Sharīʿah-Compliant Precious Metal Backed Crypto Currency: A Malaysian Perspective\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 20 (GJMBR Volume 20 Issue C4).

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GJMBR Volume 20 Issue C4

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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification JEL Code: F65

Submission ReceivedDecember 10, 2019
Peer Review Double Blind
Handling Editor
Accepted January 3, 2020
Published January 15, 2020

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v1.2

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September 22, 2020

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