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Adoption of Islamic Fintech in lending services through prediction of behavioural intention

Ayman Abdalmajeed Alsmadi (Department of Banking and Financial Sciences, Al-Zaytoonah University of Jordan, Amman, Jordan)
Najed Aalrawashdeh (Department of Finance, Isra University, Amman, Jordan)
Anwar Al-Gasaymeh (Department of Finance, Faculty of Economics and Administrative Science, Applied Science University, Amman, Jordan)
Amer Moh'd Al_hazimeh (Department of Accounting, Al al-Bayt University, Mafraq, Jordan)
Loai Alhawamdeh (Department of Finance, University of Petra, Amman, Jordan)


ISSN: 0368-492X

Article publication date: 28 February 2023

Issue publication date: 2 May 2024




This study aims to provide a better comprehension of the behavioural intentions that influence the adoption of Islamic financial technology (Fintech) in Malaysia for two kinds of Islamic lending Fintech services, which are crowdfunding and peer-to-peer (P2P) lending.


From May to July 2022 the primary data were collected by using a questionnaire distributed online to survey 437 Islamic Fintech clients in Malaysia. Structural equation modelling has been used to analyse the data based on using the partial least squares approach.


The findings of this paper shows that planned behaviour, acceptance model and technology's use models are positively impacting factors that influence customers' opinions on adapting Islamic Fintech services in lending. The acceptance model was found to exert a negative impact on the intention to adopt Islamic lending P2P Fintech service. In addition, technology's use has a negative impact on the intention to adopt Islamic lending crowdfunding Fintech service.

Research limitations/implications

First, the study is limited to Islamic Fintech customers in Malaysia only, second, the study adopted an online survey but there is no guarantee that the geography area was fully covered. Another limitation is that the study covers only Islamic Fintech services in lending, thus the study did not attend to variables such as religiosity and the authors believe that this will provide useful insights for future research.


Despite the importance of this topic, there has been a lack of empirical evidence until now. In this paper, the authors take stock of the empirical evidence in the literature through the importance of the adoption Fintech. This study provides a broad view of the market potentials for Fintech providers from the demand side on a wide range of Islamic Fintech services rather than focussing only on payment, transfer, etc. as presented in previous studies.



Alsmadi, A.A., Aalrawashdeh, N., Al-Gasaymeh, A., Al_hazimeh, A.M. and Alhawamdeh, L. (2024), "Adoption of Islamic Fintech in lending services through prediction of behavioural intention", Kybernetes, Vol. 53 No. 6, pp. 1921-1938.



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