Melola Discovery

← Melola Discovery

Jurnal SINTA 1

Muslim Intention to Participate in Retail CWLS: The Test of Mediation and Moderation Effects

Journal of Islamic Monetary Economics and Finance · Vol. 8 (2022) · hlm. 17–52

DOI
10.21098/jimf.v8i0.1427
ISSN
2460-6618, 2460-6146
Terbit
2022-12-29
Penerbit
Bank Indonesia
Bahasa
eng

Abstrak

Cash Waqf-Linked Sukuk (CWLS), which integrates cash waqf instruments and sovereign Sukuk, is an innovative Islamic investment product with social and spiritual dimensions. This study investigates public intention to participate in Retail CWLS (SWR) using the Technology Acceptance Model (TAM) framework with the addition of other relevant constructs. An online survey was conducted using the purposive sampling technique and involved 130 respondents. The data were analysed using Partial Least Squares Structural Equation Modeling (PLS-SEM) supported by WarpPLS. The results indicate that Perceived Ease of Use (PEOU), Perceived Usefulness (PU), Perceived Transparency (PT), and Trust in the Indonesian Waqf Board and Waqf Institutions have a significant positive effect on individual Intention to participate in Retail CWLS. Furthermore, this study reveals that Trust could partially mediate the relationship between PU and individual Intention. However, Religiosity fails to moderate the relationship between PU and individual Intention to purchase SWR. The study also demonstrated other complementary statistical outputs such as split-sample, non-linear relationships among latent variables, effect size, and the Q-squared coefficient to ensure that the processed data were robust. Also, this finding indirectly implies that CWLS is not only targeted at the Muslim community but also for general investors from other religions and beliefs.

Kata kunci

Jaringan kolaborasi para penulis

27 penulis · 55 tautan kepenulisan bersama · 26 lintas organisasi

Arahkan kursor atau ketuk sebuah nama untuk menyorot rekan penulisnya. Klik dua kali untuk membuka halaman penulis.

  • Sunan Kalijaga State Islamic University Yogyakarta
  • Siliwangi University
  • Sunan Gunung Djati State Islamic University Bandung
  • University of Indonesia
  • Sakarya University
  • Islamic University of Indonesia
  • Universitas Muhammadiyah Malang
  • Organisasi lain
  • Afiliasi tidak diketahui
  • Organisasi berbeda
  • Organisasi sama
  • Afiliasi tidak diketahui
  • Garis lebih tebal = lebih banyak artikel bersama · lingkaran lebih besar = lebih banyak artikel
Tampilkan sebagai tabel
Rekan penulisOrganisasiArtikel bersama
Listia AndaniSiliwangi University3
Ibnu QizamSunan Kalijaga State Islamic University Yogyakarta2
Deny HidayatSiliwangi University2
Nor Nabilla MuhammadSunan Kalijaga State Islamic University Yogyakarta2
Rizqi Umar Al HashfiUniversitas Gadjah Mada2
Dia Purnama SariSunan Kalijaga State Islamic University Yogyakarta1
Ibi SatibiSunan Kalijaga State Islamic University Yogyakarta1
Abdul HarisUniversitas Muhammadiyah Malang1
Muhammad Adnan AzzakiSunan Kalijaga State Islamic University Yogyakarta1
Biki Zulfikri RahmatSiliwangi University1
Dian FriantoroSiliwangi University1
Muhammad Dzulfaqori JatnikaSiliwangi University1
Ridwan AlamsyahSunan Gunung Djati State Islamic University Bandung1
Alya Azhana MaulidhaSunan Gunung Djati State Islamic University Bandung1
Muhamad TanziSunan Gunung Djati State Islamic University Bandung1
Hassanuddin bin Mohd Thas ThakerAfiliasi tidak diketahui1
Muhammad Rizky Prima SaktiUniversity College of Bahrain1
Neneng Ela FauziyyahInternational Islamic University Malaysia1
Farokhah Muzayinatun NiswahUniversity of Indonesia1
Diah Ayu LegowatiUniversity of Indonesia1
Muh Rudi NugrohoSunan Kalijaga State Islamic University Yogyakarta1
Ahmad Syakir KurniaDiponegoro University1
Fitrotul FardilaSunan Kalijaga State Islamic University Yogyakarta1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) http://www.jimf-bi.org/index.php/JIMF/oai, pertama di-harvest 9 Nov 2026, terakhir terlihat 9 Nov 2026.
Metadata asli (oai_dc) 
<oai_dc:dc xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/  http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
	<dc:title xml:lang="en">Muslim Intention to Participate in Retail CWLS: The Test of Mediation and Moderation Effects</dc:title>
	<dc:creator xml:lang="en">Berakon, Izra</dc:creator>
	<dc:creator xml:lang="en">Mutmainah, Lu’liyatul</dc:creator>
	<dc:creator xml:lang="en">Qoyum, Abdul</dc:creator>
	<dc:creator xml:lang="en">Aji, Hendy Mustiko</dc:creator>
	<dc:subject xml:lang="en">Retail cash waqf-linked sukuk, Technology acceptance model, Intention.</dc:subject>
	<dc:subject xml:lang="en">Scientific Article</dc:subject>
	<dc:description xml:lang="en">Cash Waqf-Linked Sukuk (CWLS), which integrates cash waqf instruments and sovereign Sukuk, is an innovative Islamic investment product with social and spiritual dimensions. This study investigates public intention to participate in Retail CWLS (SWR) using the Technology Acceptance Model (TAM) framework with the addition of other relevant constructs. An online survey was conducted using the purposive sampling technique and involved 130 respondents. The data were analysed using Partial Least Squares Structural Equation Modeling (PLS-SEM) supported by WarpPLS. The results indicate that Perceived Ease of Use (PEOU), Perceived Usefulness (PU), Perceived Transparency (PT), and Trust in the Indonesian Waqf Board and Waqf Institutions have a significant positive effect on individual Intention to participate in Retail CWLS. Furthermore, this study reveals that Trust could partially mediate the relationship between PU and individual Intention. However, Religiosity fails to moderate the relationship between PU and individual Intention to purchase SWR. The study also demonstrated other complementary statistical outputs such as split-sample, non-linear relationships among latent variables, effect size, and the Q-squared coefficient to ensure that the processed data were robust. Also, this finding indirectly implies that CWLS is not only targeted at the Muslim community but also for general investors from other religions and beliefs.</dc:description>
	<dc:publisher xml:lang="en">Bank Indonesia</dc:publisher>
	<dc:date>2022-12-29</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:type xml:lang="en">Full Text</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://jimf-bi.org/JIMF/article/view/1427</dc:identifier>
	<dc:identifier>10.21098/jimf.v8i0.1427</dc:identifier>
	<dc:source xml:lang="en">Journal of Islamic Monetary Economics and Finance; Vol. 8 (2022): Special Issue: Islamic Social Finance; 17-52</dc:source>
	<dc:source>2460-6618</dc:source>
	<dc:source>2460-6146</dc:source>
	<dc:source>10.21098/jimf.v8i0</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://jimf-bi.org/JIMF/article/view/1427/920</dc:relation>
	<dc:coverage xml:lang="en">Cash Waqf Development by Promoting Cash Waqf Linked Sukuk</dc:coverage>
	<dc:rights xml:lang="en">Copyright (c) 2022 Izra Berakon, Lu’liyatul Mutmainah, Abdul Qoyum, Hendy Mustiko Aji</dc:rights>
</oai_dc:dc>