A proposed Integrated Zakat-Crowdfunding Model (IZCM) for effective collection and distribution of zakat fund in Malaysia

Mohd Thas Thaker, Mohamed Asmy and Mohd Thas Thaker, Hassanudin and Allah Pitchay, Anwar and Khaliq, Ahmad (2019) A proposed Integrated Zakat-Crowdfunding Model (IZCM) for effective collection and distribution of zakat fund in Malaysia. International Journal of Zakat and Islamic Philanthropy (IJZIP), 1 (2). pp. 1-12. ISSN 2672-7471 E-ISSN 2682-7530

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Abstract

This paper has proposed IZCM to assist Zakat institutions for effective collection and distribution of zakat fund in Malaysia. Upon the proposed model, this study examines the behavioural intention of Zakat payers to use IZCM. The primary data are collected from the survey administered to Zakat payers in the Klang Valley (n=93) and the analysis is conducted using Partial Least Squares (SmartPLS). Furthermore, the model has been validated its acceptance in the field by adopting the Technology Acceptance Model (TAM). This study has revealed that both the perceived usefulness and perceived easy to use are found to have a positive impact on the intention of Zakat payers to use IZCM, which later assist Zakat institutions for effective collection and distribution of zakat fund in Malaysia. Furthermore, perceived easy to use has a positive relationship and direct effect with perceived usefulness of Zakat payers to use the IZCM. The findings of this study can be used to develop a specific framework in which to examine other components of using the IZCM’s behavior and to plan appropriate intervention strategies to increase collection and distribution of Zakat fund by Zakat institutions.

Item Type:	Article (Journal)
Additional Information:	7210/75417
Uncontrolled Keywords:	Integrated Zakat-Crowdfunding Model, Collection, Distribution, Malaysia
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory > HB126.4 Islamic Economics H Social Sciences > HB Economic Theory > HB846 Welfare theory
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF) Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Dr Mohamed Asmy Bin Mohd Thas Thaker
Date Deposited:	29 Oct 2019 12:01
Last Modified:	09 Nov 2020 10:48
URI:	http://irep.iium.edu.my/id/eprint/75417

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