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Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour

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  • Purwanto Purwanto
  • Irwan Abdullah
  • Abdul Ghofur
  • Shodiq Abdullah
  • Misbah Zulfa Elizabeth

Abstract

The theoretical framework of the Theory of Planned Behaviour (TPB) has been widely used in analysing behavioural intentions to adopt Islamic finance. However, there is still little research investigating the adoption of Islamic microfinance. This study aims to determine the factors influencing behavioural intentions to adopt Islamic microfinance by developing the Theory of Planned Behaviour (TPB). The development is done by adding religiosity and knowledge variables as antecedents of attitude. A random sample of 262 members of Islamic microfinance. Variance-based partial least-squares structural equation modelling (PLS-SEM) was employed for data analysis. The results show that religiosity and have a significant influence on attitudes. Meanwhile, attitudes, subjective norms, and perceived behavioural control also significantly positively affect behavioural intentions to adopt Islamic microfinance. Then subjective norms greatly determine behavioural intentions to adopt Islamic microfinance. The findings of this study are important for Islamic microfinance to change marketing strategies. Islamic microfinance managers must develop a positive attitude through creating awareness and benefits of Islamic microfinance services by involving community leaders, especially religious leaders.

Suggested Citation

  • Purwanto Purwanto & Irwan Abdullah & Abdul Ghofur & Shodiq Abdullah & Misbah Zulfa Elizabeth, 2022. "Adoption of Islamic microfinance in Indonesia an empirical investigation: an extension of the theory of planned behaviour," Cogent Business & Management, Taylor & Francis Journals, vol. 9(1), pages 2087466-208, December.
    • Handle: RePEc:taf:oabmxx:v:9:y:2022:i:1:p:2087466
    DOI: 10.1080/23311975.2022.2087466
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    Cited by:

    1. Erna Erna & Iwan Setiawan & Aos Aos, 2024. "Investigating Individual’s Energy Saving Behavior in Using Electric Vehicles: Extended Theory of Planned Behavior," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 517-523, January.

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