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The Utilisation Of Islamic Fintech (I-Fintech) In Promoting Sustainable Inclusive Growth: Evidence From Micro-Entrepreneurs In Malaysia

Author

Listed:
  • Nik Hadiyan Nik Azman

    (School of Management, Universiti Sains Malaysia, Malaysia)

  • Mohd Zaidi Md. Zabri

    (Faculty of Business and Accountancy, University of Malaya, Malaysia)

  • Tajul Ariffin Masron

    (School of Management, Universiti Sains Malaysia, Malaysia)

  • Nurhafiza Abdul Kader Malim

    (School of Management, Universiti Sains Malaysia, Malaysia)

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.

Suggested Citation

  • Nik Hadiyan Nik Azman & Mohd Zaidi Md. Zabri & Tajul Ariffin Masron & Nurhafiza Abdul Kader Malim, 2020. "The Utilisation Of Islamic Fintech (I-Fintech) In Promoting Sustainable Inclusive Growth: Evidence From Micro-Entrepreneurs In Malaysia," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 6(3), pages 555-576, August.
    • Handle: RePEc:idn:jimfjn:v:6:y:2020:i:3d:p:555-576
    DOI: https://doi.org/10.21098/jimf.v6i3.1180
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    More about this item

    Keywords

    Income stability; Micro-entrepreneurs; Islamic fintech;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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