THE UTILISATION OF ISLAMIC FINTECH (I-FINTECH) IN PROMOTING SUSTAINABLE INCLUSIVE GROWTH: EVIDENCE FROM MICRO-ENTREPRENEURS IN MALAYSIA

Nik Hadiyan Nik Azman (), Mohd Zaidi Md. Zabri (), Tajul Ariffin Masron and Nurhafiza Abdul Kader Malim ()
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Nik Hadiyan Nik Azman: School of Management, Universiti Sains Malaysia, Malaysia
Mohd Zaidi Md. Zabri: Faculty of Business and Accountancy, University of Malaya, Malaysia
Nurhafiza Abdul Kader Malim: School of Management, Universiti Sains Malaysia, Malaysia

Journal of Islamic Monetary Economics and Finance, 2020, vol. 6, issue 3, 555-576

Abstract: Information technologyis fundamentally changingtheworld today. The power of technology applicable fastly in Islamic financial technology (i-Fintech),asitexpands access to mobile financial services.This is evidenced by thein creasing numberof customers who interactusing technology, especially micro-entrepreneurs, who adopt the tools in to their business models to tap in to this opportunity to enhance their income. Therefore, it is imperative to examine theim pactofi-fintech use instabilising micro-entrepreneurs’income. A quantitative technique was employed through theuse of 120 question naires distributed to micro-entrepreneurs who had adoptedi-fintechinto their business.Using Amos and SEM models,the study indicates that crowdfunding, mobile money and peer-to-peer lending play asignificant role in ensuring income sustain ability for micro-entrepreneurs. The study also discusses both the theoretical and managerial implications incomprehending the determinants of sustainable income growth inMalaysia. The findings should help practitioners, researchers and regulators to have better understanding of the dynamics between the potential of i-fintechand sustainable income.

Keywords: Income stability; Micro-entrepreneurs; Islamic fintech (search for similar items in EconPapers)
JEL-codes: G20 G21 G23 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:idn:jimfjn:v:6:y:2020:i:3d:p:555-576

DOI: 10.21098/jimf.v6i3.1180

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