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Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia

Author

Listed:
  • Islam, Md Amirul

    (Multimedia University)

  • Uddin, Muhammad Salah

    (Sakarya University)

  • Thambiah, Seethaletchumy

    (Multimedia University)

  • Ahmed, Elsadig Musa

    (Multimedia University)

  • Rauf, Md Abdur

    (Northern University Bangladesh)

Abstract

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.

Suggested Citation

  • Islam, Md Amirul & Uddin, Muhammad Salah & Thambiah, Seethaletchumy & Ahmed, Elsadig Musa & Rauf, Md Abdur, 2023. "Do Women's Attitudes Matter in Acceptance of Islamic Microfinance? Evidence from Malaysia," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 27(1), pages 61-85, March.
    • Handle: RePEc:ris:eaerev:0418
    DOI: 10.11644/KIEP.EAER.2023.27.1.418
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    More about this item

    Keywords

    Women; Entrepreneurs; Microfinance; Malaysia; Islam;
    All these keywords.

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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