Modelling SMEs’ behavioral intention to adopt Islamic Crowdfunding-Small and Medium Enterprises Model (ICSMES) model as a source of financing in Malaysia

The present study has proposed Islamic Crowdfunding-Small and Medium Enterprises (ICSMEs) model to assist SMEs in meeting their need to access external financial services in Malaysia. Upon the proposed model, this study examines the behavioural intention of SMEs to use ICSMEs model. The primary data are collected from the survey administered to SMEs in the Klang Valley (n=250) and the analysis is conducted using Partial Least Squares (SmartPLS). Furthermore, the model has been validated its acceptance in the field by adopting the Technology Acceptance Model (TAM). This study has revealed that both the perceived usefulness and perceived easy to use are found to have a positive impact on the intention of SMEs to use ICSMEs model, which later assist them to access to financial services in Malaysia. Furthermore, perceived easy to use has a positive relationship and direct effect with perceived usefulness of SMEs to use the ICSMEs model. The findings of this study can be used to develop a specific framework in which to examine other components of using the ICSMEs model’s behavior and to plan appropriate intervention strategies to increase financial accessibility by SMEs

The Behavioral Intention of Citizens to Finance Smart City Development in Indonesia through Civic Crowdfunding

In order to foster the creation of sustainable and habitable urban areas that cater to the needs of all residents, it is imperative to construct new infrastructure and concurrently ensure the upkeep and modernization of existing ones. This is where the concept of smart cities becomes instrumental, exerting a profound impact on the broader urban landscape. However, a significant challenge lies in securing the financial resources required for the development of smart cities, particularly in the midst of the current economic downturn. As a solution to this challenge, the present study proposes the implementation of an Integrated Civic Crowdfunding Model (ICCM) to finance the development of smart cities in East Java, Indonesia. Based on this proposed model, the study delves into the willingness of citizens to adopt ICCM. To achieve this, an analysis is performed utilizing Partial Least Squares on primary data collected through a survey administered to residents of East Java, specifically in Surabaya (SmartPLS). Additionally, the study assesses the model's adoption in practice by incorporating an extended Technology Acceptance Model (TAM). The study's results reveal that factors such as the perceived usefulness, perceived ease of use, and perceived benefits positively influence residents' intentions to use ICCM, thereby contributing to the advancement of smart cities in Indonesia. Furthermore, there is a favorable correlation and direct impact of perceived ease of use on the perceived utility of ICCM among citizens. These findings can serve as a foundation for the development of a specialized framework for examining other aspects of the ICCM model and devising relevant intervention strategies for the enhancement of smart cities in East Java. Originality/Value: The originality of this study lies in its introduction and application of the Integrated Civic Crowdfunding Model (ICCM) to finance the development of smart cities in East Java, Indonesia

Proposed integrated cash waqf investment model for micro enterprises in Malaysia: An empirical analysis

Micro Enterprises (MEs) in Malaysia becomes as an important engine for economic growth. Despite its importance and the continuous support from the government, MEs in Malaysia are facing some problems. Several earlier studies stated that Malaysian MEs face the problem of accessing finance due to many factors. Malaysian government has introduced and continued to assist Small and Medium Enterprises (SMEs) through the implementation of several policies, programmes and extensive financial resources allocations to enhance the activities of SMEs. However, these efforts have not been adequate to meet the needs of micro enterprises. The objectives of this study are: 1. To discuss the extent of the problems of (i) financing, (ii) human capital (iii) market accessibility (iv) innovation and technology adoption, and (v) infrastructure development faced by MEs in Malaysia. 2. To develop an alternative model that is available for effectively addressing the problems mentioned in (1) and 3. To analyze the probability that MEs will adopt the proposed model (cash waqf investment model). In methodology, primary data are collected using self-developed questionnaire (survey) This study focuses on MEs in Klang Valley (Selangor and Kuala Lumpur) since it records the highest number of such enterprises in the area. The analysis is conducted using statistical analysis and Logistic Regression analysis. The study finds that high probability of MEs opting for the proposed Integrated Cash Waqf model for their business financing is contributed by the high business annual turnovers, older entrepreneurs, those who have more awareness on cash waqf and those who have experienced applying loan recentl

Proposed integrated cash Waqf investment model for micro enterprise in Malaysia: An empirical analysis

Micro Enterprises (MEs) in Malaysia becomes as an important engine for economic growth. Despite its importance and the continuous support from the government, MEs in Malaysia are facing some problems. Several earlier studies stated that Malaysian MEs face the problem of accessing finance due to many factors. Malaysian government has introduced and continued to assist Small and Medium Enterprises (SMEs) through the implementation of several policies, programmes and extensive financial resources allocations to enhance the activities of SMEs. However, these efforts have not been adequate to meet the needs of micro enterprises. The objectives of this study are: 1. To discuss the extent of the problems of (i) financing, (ii) human capital (iii) market accessibility (iv) innovation and technology adoption, and (v) infrastructure development faced by MEs in Malaysia. 2. To develop an alternative model that is available for effectively addressing the problems mentioned in (1) and 3. To analyze the probability that MEs will adopt the proposed model (cash waqf investment model). In methodology, primary data are collected using self-developed questionnaire (survey) This study focuses on MEs in Klang Valley (Selangor and Kuala Lumpur) since it records the highest number of such enterprises in the area. The analysis is conducted using statistical analysis and Logistic Regression analysis. The study finds that high probability of MEs opting for the proposed Integrated Cash Waqf model for their business financing is contributed by the high business annual turnovers, older entrepreneurs, those who have more awareness on cash waqf and those who have experienced applying loan recently