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Sharia-Compliant Credit Card Exposure and Utilisation in the Growing Digital Economy

Journal of Islamic Monetary Economics and Finance · Vol. 5 No. 4 (2019) · pp. 891–918

DOI
10.21098/jimf.v5i4.1138
ISSN
2460-6618, 2460-6146
Published
2019-12-27
Publisher
Bank Indonesia
Language
eng
License
creativecommons.org/licenses/by-nc/4.0

Abstract

Many cashless payment tools have been introduced into the Indonesia market in the form of electronic money cards. The Sharia-compliant credit card is a traditional electronic payment tool, but is provided by only two Islamic finance institutions among the many in Indonesia. The increase in Sharia-compliant credit card transactions over time may mean banks are exposed to non-performing risk. Customer behaviour varies in the use of such cards, and this may cause unpredicted results with regard to card performance. Therefore, the purposes of this study are: 1) to identify the behaviour of Sharia-compliant credit card users and 2) to analyse the factors which influence this behaviour. The primary data were gathered by distributing questionnaires with a total sample of 170 respondents and were analysed by employing structural equation modeling. The research shows that gender, age, and education influence perceived behaviour control, and that expenditure influences subjective norms. Customers’ attitudes, subjective norms and perceived behaviour control are proven to influence their intentions, while customers’ intentions, perceived behaviour control and income influence their behaviour when using Sharia-compliant credit cards. For further sustainable inclusive growth, issuers should pay attention to education for specific audiences.

Keywords

Collaboration network of the authors

12 authors · 18 co-authorship links · 4 across different organisations

Hover or tap a name to highlight its co-authors. Double-click to open the author's page.

  • IPB University
  • International Islamic University Malaysia
  • Jenderal Soedirman University
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Salina KassimInternational Islamic University Malaysia2
Adewale Abideen AdeyemiInternational Islamic University Malaysia2
Mohammad Syamsul MaarifAffiliation unknown1
Yudha Heryawan AsnawiIPB University1
Konita Oktaviani LutfiyahIPB University1
Destiana Rahmawati DewiIPB University1
Irfan Syauqi BeikIPB University1
Lilik Noor YuliatiIPB University1
Hartoyo HartoyoJenderal Soedirman University1
Fitry PrimadonaAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) http://www.jimf-bi.org/index.php/JIMF/oai, first harvested 9 Nov 2026, last seen 9 Nov 2026.
Original metadata (oai_dc) 
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	<dc:title xml:lang="en">Sharia-Compliant Credit Card Exposure and Utilisation in the Growing Digital Economy</dc:title>
	<dc:creator xml:lang="en">Arsyianti, Laily Dwi</dc:creator>
	<dc:creator xml:lang="en">Adelia, Adelia</dc:creator>
	<dc:subject xml:lang="en">Sharia Compliance-Credit Card, Theory of Planned Behavior, Demography Factors, SEM-PLS.</dc:subject>
	<dc:description xml:lang="en">

Many cashless payment tools have been introduced into the Indonesia market in the form of electronic money cards. The Sharia-compliant credit card is a traditional electronic payment tool, but is provided by only two Islamic finance institutions among the many in Indonesia. The increase in Sharia-compliant credit card transactions over time may mean banks are exposed to non-performing risk. Customer behaviour varies in the use of such cards, and this may cause unpredicted results with regard to card performance. Therefore, the purposes of this study are: 1) to identify the behaviour of Sharia-compliant credit card users and 2) to analyse the factors which influence this behaviour. The primary data were gathered by distributing questionnaires with a total sample of 170 respondents and were analysed by employing structural equation modeling. The research shows that gender, age, and education influence perceived behaviour control, and that expenditure influences subjective norms. Customers’ attitudes, subjective norms and perceived behaviour control are proven to influence their intentions, while customers’ intentions, perceived behaviour control and income influence their behaviour when using Sharia-compliant credit cards. For further sustainable inclusive growth, issuers should pay attention to education for specific audiences.

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	<dc:publisher xml:lang="en">Bank Indonesia</dc:publisher>
	<dc:date>2019-12-27</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:format>application/pdf</dc:format>
	<dc:identifier>https://jimf-bi.org/JIMF/article/view/1138</dc:identifier>
	<dc:identifier>10.21098/jimf.v5i4.1138</dc:identifier>
	<dc:source xml:lang="en">Journal of Islamic Monetary Economics and Finance; Vol. 5 No. 4 (2019); 891-918</dc:source>
	<dc:source>2460-6618</dc:source>
	<dc:source>2460-6146</dc:source>
	<dc:source>10.21098/jimf.v5i4</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://jimf-bi.org/JIMF/article/view/1138/791</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2019 Laily Dwi Arsyianti, Adelia Adelia</dc:rights>
	<dc:rights xml:lang="en">http://creativecommons.org/licenses/by-nc/4.0</dc:rights>
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