The Perception To Use Islamic Crowdfunding As A Platform To Start A Business Among Undergraduates Student In UMK

Abstract

The world is changing rapidly, especially in terms of technology. Islamic Fintech is a new technology that improves the completeness, efficiency, and cost-effectiveness of financial services. Islamic fintech is classified into several categories. For the purposes of this study, we will concentrate on one of the categories of Islamic financial technology services, namely Islamic crowdfunding. Islamic Crowdfunding has emerged as one of the preferred mechanisms for start-ups and small enterprises to raise money that comply with Shariah principles. As a result, the purpose of this study is to determine the relationship between perceived usefulness, perceived ease of use, financial accessibility, Islamic platform, information and use of social media with the perception to use Islamic crowdfunding among undergraduates’ students in UMK as a platform to start a business. A total of 361 responses were obtained using a survey questionnaire. SPSS tools were used to conduct reliability and normality tests, descriptive analysis, multiple linear regression analysis, and Pearson correlation analysis. Furthermore, this study is also associated with the technology acceptance model (TAM). In a nutshell, the findings of this study found that all hypotheses which are perceived usefulness, perceived ease of use, financial accessibility, Islamic platform, information on crowdfunding and use of social media were found to be significant. This study has implications for undergraduates’ students UMK, start-up business, and Islamic crowdfunding platform. The students can take the opportunity to use the Islamic crowdfunding platform to raise funding to start a business instead of making loans from banks that have long and strict procedures.