Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia
The study aims to investigate the factors pursuing the women entrepreneurs to accept Islamic microfinance (IMF) in urban and rural areas of Malaysia. For this purpose, the study applies the Theory of Planned Behavior (TPB) and Innovation and Diffusion Theory to explain Islamic microfinance adoption....
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Korea Institute for International Economic Policy
2023-03-01
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| Series: | East Asian Economic Review |
| Subjects: |
| _version_ | 1797848168217444352 |
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| author | Md Amirul Islam Muhammad Salah Uddin Seethaletchumy Thambiah Elsadig Musa Ahmed Md Abdur Rauf |
| author_facet | Md Amirul Islam Muhammad Salah Uddin Seethaletchumy Thambiah Elsadig Musa Ahmed Md Abdur Rauf |
| author_sort | Md Amirul Islam |
| collection | DOAJ |
| description | The study aims to investigate the factors pursuing the women entrepreneurs to accept Islamic microfinance (IMF) in urban and rural areas of Malaysia. For this purpose, the study applies the Theory of Planned Behavior (TPB) and Innovation and Diffusion Theory to explain Islamic microfinance adoption. Using the structural equation model (SEM) with primary data collected from 384-woman entrepreneurs in Malaysia, the current study uses a 5-point Likert scale. On the basis of theory and collected data, the seven hypotheses are developed. All hypotheses are validated by both directly and indirectly, as well as through a mediating factor. Among the factors, knowledge about IMF and subjective norms significantly influence the acceptance of IMF. On the other hand, the perceived complexity does not show any substantial relationship to the acceptance of IMF. This outcome will be helpful in supporting policymakers, academics, and future studies and must take into account the supported factors. Therefore, the study contributes to develop an innovative framework, to create self-employment for women entrepreneurs. |
| first_indexed | 2024-04-09T18:24:11Z |
| format | Article |
| id | doaj.art-4a99238247af4aa0ac5f840838ec28ab |
| institution | Directory Open Access Journal |
| issn | 2508-1640 2508-1667 |
| language | English |
| last_indexed | 2024-04-09T18:24:11Z |
| publishDate | 2023-03-01 |
| publisher | Korea Institute for International Economic Policy |
| record_format | Article |
| series | East Asian Economic Review |
| spelling | doaj.art-4a99238247af4aa0ac5f840838ec28ab2023-04-12T05:03:02ZengKorea Institute for International Economic PolicyEast Asian Economic Review2508-16402508-16672023-03-01271618510.11644/KIEP.EAER.2023.27.1.418Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from MalaysiaMd Amirul Islam0https://orcid.org/0000-0002-2229-7613Muhammad Salah Uddin1https://orcid.org/0000-0001-8386-7096Seethaletchumy Thambiah2https://orcid.org/0009-0006-4313-2945Elsadig Musa Ahmed3https://orcid.org/0000-0002-1485-9452Md Abdur Rauf4https://orcid.org/0000-0002-5105-9892Multimedia UniversitySakarya UniversityMultimedia UniversityMultimedia UniversityNorthern University BangladeshThe study aims to investigate the factors pursuing the women entrepreneurs to accept Islamic microfinance (IMF) in urban and rural areas of Malaysia. For this purpose, the study applies the Theory of Planned Behavior (TPB) and Innovation and Diffusion Theory to explain Islamic microfinance adoption. Using the structural equation model (SEM) with primary data collected from 384-woman entrepreneurs in Malaysia, the current study uses a 5-point Likert scale. On the basis of theory and collected data, the seven hypotheses are developed. All hypotheses are validated by both directly and indirectly, as well as through a mediating factor. Among the factors, knowledge about IMF and subjective norms significantly influence the acceptance of IMF. On the other hand, the perceived complexity does not show any substantial relationship to the acceptance of IMF. This outcome will be helpful in supporting policymakers, academics, and future studies and must take into account the supported factors. Therefore, the study contributes to develop an innovative framework, to create self-employment for women entrepreneurs.womenentrepreneursmicrofinancemalaysiaislam |
| spellingShingle | Md Amirul Islam Muhammad Salah Uddin Seethaletchumy Thambiah Elsadig Musa Ahmed Md Abdur Rauf Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia East Asian Economic Review women entrepreneurs microfinance malaysia islam |
| title | Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia |
| title_full | Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia |
| title_fullStr | Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia |
| title_full_unstemmed | Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia |
| title_short | Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia |
| title_sort | do women s attitudes matter in acceptance of islamic microfinance evidence from malaysia |
| topic | women entrepreneurs microfinance malaysia islam |
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