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Fintech and Islamic Banks - an integrative model approach to predict the intentions

Author

Listed:
  • Hasnan Baber

    (Endicott, College of International Studies, Woosong University)

  • N M Baki Billah

    (University of Liberal Arts Bangladesh (ULAB), Bangladesh)

Abstract

The study is aimed to examine the intentions of people in Bangladesh to use and adopt FinTech services offered by Islamic Banks. The study has integrated two widely used intentional models- the technology acceptance model and the theory of Planned Behavior along with the Shariah compliance factor for Islamic banks. The data was collected from 342 respondents from various parts of Bangladesh like Dhaka, Khulna, Chittagong, Mymensingh, Rangpur, and Rajshahi divisions. The data was analyzed using the partial least square structural equation modelling (PLS-SEM) using the SmartPLS software. The study confirms the positive influence of perceived usefulness and perceived ease of use along with Shariah compliance on attitude towards FinTech services. Further attitude towards FinTech services and other factors of Theory of Planned Behavior has a positive relationship with intention to adopt FinTech services. The study will be important for researchers to integrate the behavioural and cognitive intentional models for examining the intentions to adopt FinTech services. The study also confirms the role of Shariah compliance factors when studying the customer behaviour of Islamic banks and institutions. The study is the first to integrate the two models along with the Shariah compliance construct to investigate the intention to adopt FinTech services in Bangladesh.

Suggested Citation

  • Hasnan Baber & N M Baki Billah, 2022. "Fintech and Islamic Banks - an integrative model approach to predict the intentions," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 24(2), pages 24-45, December.
    • Handle: RePEc:rse:wpaper:v:24:y:2022:i:2:p:24-45
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    FinTech; Intention; Shariah; Islamic; Banks; Bangladesh;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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