Proceedings of the International Conference on Management, Accounting, and Economy (ICMAE 2020)

Analysis of Public Interest in Sharia Investing Through Financial Technology Companies

Authors
Rizky Amelia, Dedi Wibowo
Corresponding Author
Rizky Amelia
Available Online 15 September 2020.
DOI
10.2991/aebmr.k.200915.089How to use a DOI?
Keywords
Islamic investment, Sharia fintech, perceived risk, perceived benefit, perceived maqashid sharia, trust, PLS-SEM
Abstract

Nowadays, a trend is developing to seek the application of sharia law in every line of life, including in finance, especially investment. Given that Indonesia is the largest Muslim country in the world, it is the right place for the Islamic financial market share. But in reality, the share of the Islamic financial market is at 5% in 2018. Muslim investors are required to comply with ethical orders that are determined when making financial investments, which must be in accordance with Islamic principles, namely a ban on the use of Riba (interest), Maysir (gambling) and Gharar (uncertainty). On the other hand, the emergence of fintech which brings a new paradigm in which information technology is able to drive then create innovation in the financial industry. Fintech Syariah itself provides an alternative facility to transact Islamic financial products for the community. Therefore, in accordance with the literature which says that Islamic fintech is one way to be able to increase the market share of Islamic finance, the authors examine the public interest to invest in sharia through fintech. Using online questionnaires and respondents is not limited to just fintech users. The merging of the factors of perceived benefits, perceived risk, trust and perceived maqashid sharia were used in developing this research framework. As many as 202 respondents, the results of testing the data show that perceptions of benefits and perceptions of Islamic maqashid have a positive effect on the intention to invest in sharia through fintech.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Conference on Management, Accounting, and Economy (ICMAE 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
15 September 2020
ISBN
10.2991/aebmr.k.200915.089
ISSN
2352-5428
DOI
10.2991/aebmr.k.200915.089How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Rizky Amelia
AU  - Dedi Wibowo
PY  - 2020
DA  - 2020/09/15
TI  - Analysis of Public Interest in Sharia Investing Through Financial Technology Companies
BT  - Proceedings of the International Conference on Management, Accounting, and Economy (ICMAE 2020)
PB  - Atlantis Press
SP  - 388
EP  - 392
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200915.089
DO  - 10.2991/aebmr.k.200915.089
ID  - Amelia2020
ER  -