Title : Future Behavior in Waqf Digitalization: Integrating UTAUT and DIT Theories
Authors:
- Balkis Kasmon
- Siti Sara Ibrahim
- Dalila David
- King Rizal Iskandar Raja Hisham
- Ririn Tri Ratnasari
Department : Islamic Economics
Journal Name : Journal of Islamic Marketing
Kinds of Journal : Q1
Keywords : waqf development, digitalization, blockchain, crowdfunding, artificial intelligence
Abstract:
Purpose:
This paper aims to explore the impact of digitalization on waqf activities, focusing on blockchain, crowdfunding and artificial intelligence to predict future trends in digitalization within waqf activities.
Design/Methodology/Approach:
The study used a quantitative approach to combine the Unified Theory of Acceptance and Use of Technology (UTAUT) and Diffusion of Innovation Theory (DIT) to comprehensively analyze the elements that affect the adoption of digital technology. SmartPLS software conducted the data analysis after collecting the data using SPSS. In this study, 310 respondents consisting of Muslims who contributed to waqf were collected.
Findings:
This research provides important insights into the elements influencing future behavior and can help policymakers promote and facilitate the digitalisation of waqf activities, not only in Malaysia but also in similar situations worldwide.
Research Limitations/Implications:
Analysis indicated that four hypotheses were validated, implying that effort expectancy, compatibility, observability and trialability are significant determinants affecting intention. The findings suggest significant potential for further research. This paper delineates numerous methodological challenges and concerns while proposing recommendations for further research. Future research could use additional search phrases and engines not included in this study to provide a more comprehensive overview. This study primarily concentrates on the applications of waqf development, digitalisation, blockchain, crowdfunding and artificial intelligence.
Practical Implications:
The four hypotheses regarding facilitating conditions, performance expectations, relative advantage and social influence were not supported as they were found to have no significant impact on intention. For practitioners, based on the findings, it can give some insight into digitalisation's influence on the intention of contributing to waqf in society. As for the researchers, there could be some ideas for study other than the factors mentioned in this study, as well as the supporting literature for their studies.
Originity/Value:
This paper provides useful insights on how emerging technology can potentially disrupt the traditional waqf landscape. It emphasizes the unique contribution of digitalization in improving transparency and accessibility, blockchain in ensuring security and trust, crowdfunding in mobilizing resources and artificial intelligence in optimizing decision-making processes
For details : https://doi.org/10.1108/JIMA-03-2024-0111
