International Journal of Academic Research in Business and Social Sciences

search-icon

Donors’ Intention to Use Waqf-Based Crowdfunding in Kuwait Extension The Theory of the Technology Acceptance Model

Open access
The waqf-based Crowdfunding model (WCF-M) is an online pool of funds for social, altruistic, and charitable purposes. WCF-M's campaigns and practices benefit the community, endowment foundations, and donors. This conceptual research seeks to review the literature on WCF-M in the context of WCF-M adoption in Kuwait. It has also proposed an innovative model incorporating religiosity as an essential determinant of the Unified Theory of Acceptance and Use of Technology (UTAUT). This model intends to capture donors' intention to use WCF-M within waqf institutions, extend the literature, and validate the UTAUT model in WCF-M studies. Ultimately, studies of WCF-M adoption are currently sparse and require additional research, particularly from an Islamic perspective.
Abbasi, S., Hollman, K., and Murrey, J. (1989), Islamic economics: foundations and practices. International Journal of Social Economics, 16 (5), 5-17.
https://doi.org/10.1108/03068298910367215.
Abdullah, S., & Oseni, U. A. (2017). Towards a shari'ah compliant equity-based crowdfunding for the halal industry in Malaysia. International journal of business and society, 18(S1), 223-240.
Abu Rumman, S., Al Shayji, A., & Yehia, S. (2021). Country Report 2020: Kuwait.
Agarwala, R., Mishra, P., & Singh, R. (2019). Religiosity and consumer behavior: A summarizing review. Journal of Management, Spirituality & Religion, 16(1), 32–54. https://doi.org/10.1080/14766086.2018.1495098.
Ahmad, S., and Muhamed, N. D. (2011), Wakaf institutions and national economic development: a case on Wakaf land development in Malaysia, Prosiding Perkem VI, Jilid 1, pp. 139-14
Ahmed, A. (2010). Global financial crisis: an Islamic finance perspective. International Journal of Islamic and Middle Eastern Finance and Management, 3(4), 306-320.
Ajzen, I. (1991). The theory of planned behavior. Organizational behavior and human decision processes, 50(2), 179-211.
Al Ma’amun, S., Shafiai, M. H. M., Adnan, M. S. A., and Munshi, U. (2016), “Waqfworld, when waqf meets crowdfunding”, Islamic Finance Today-September 2016, Pioneer Publication, Colombo. pp. 11-15.
Al-Zubidi, M. M. A. R. A. (1965), Taj al-’Arus Min-Jawahir Al-Qamus, Beirut, [The Bride’s Crown of Dictionary], Tab’at Al Kuwait.
Aljarida.com. (2020b). The Cabinet: Assigning “Social Affairs” to Circulate to Charitable Societies and Committees to Limit the Distribution of Sacrifices Outside Kuwait. Available at: https://www.aljarida.com/articles/1594667814233680300/
Amin, H. R. C. (2011). Determinants for ar-Rahnu usage intentions: An empirical investigation. African Journal of Business Management, 5(20), 8181–8191.
Elkahlout, G. (2020). Hearts and Minds’: Examining the Kuwaiti Humanitarian Model as an Emerging Arab Donor. Asian Journal of Middle Eastern and Islamic Studies, 14(1), 141-157. https://doi.org/10.1080/25765949.2020.1728975.
Arif, K. M., Akhtar, H. J., Asdullah, S., Ahmed, A., & Haseeb, H. J. (2022). Concept Of Day Of Judgment In Revealed Religions: Analytical Study. Journal of Positive School Psychology, 6(8), 3753-3758.
Azganin, H., Kassim, S., and Sa’ad, A. A. (2021), Proposed waqf crowdfunding models for small farmers and the required parameters for their application. Islamic Economic Studies, 29 (1), 2-17. doi: 10.1108/IES-01-2021-0006.
Bakar, A., Lee, R., and Hashim, H. N. (2013), Parsing religiosity, guilt and materialism on consumer ethics. Journal of Islamic Marketing, 4 (3), 232-244.
Bananuka, J., Kasera, M., Najjemba, G. M., Musimenta, D., Ssekiziyivu, B., and Kimuli, S. N. L. (2020), Attitude: mediator of subjective norm, religiosity and intention to adopt Islamic banking. Journal of Islamic Marketing, 11(1), 81-96.
Bananuka, J., Mukyala, V., Tumwebaze, Z., Ssekakubo, J., Kasera, M., & Najjuma, M. S. (2020). The intention to adopt Islamic financing in emerging economies: evidence from Uganda. Journal of Islamic Accounting and Business Research, 11(3), 610-628.
Bashir, A. M. (2019), Effect of halal awareness, halal logo and attitude on foreign consumers’ purchase intention. British Food Journal, 121(9), 1998-2015. doi: 10.1108/BFJ-01-2019-0011.
Berakon, I., Aji, H. M., and Hafizi, M. R. (2021). Impact of digital sharia banking systems on cash-waqf among Indonesian Muslim youth. Journal of Islamic Marketing, 13(7), 1551-1573. doi: 10.1108/JIMA-11-2020-0337.
Bin-Nashwan, S. A., and Al-Daihani, M. (2020). Fundraising campaigns via social media platforms for mitigating the impacts of the COVID-19 epidemic. Journal of Islamic Marketing,12(3), 576-597.
Bin-Nashwan, S. A., Al-Daihani, M., Abdul-Jabbar, H., and Al-Ttaffi, L. H. A. (2020). Social solidarity amid the COVID-19 outbreak: fundraising campaigns and donors’ attitudes. International Journal of Sociology and Social Policy, 42 (3/4). doi: 10.1108/IJSSP-05-2020-0173.
Borges, M. S., Santos, M. B. C., Pinheiro, T. G. (2015). Social representations about religion and spirituality. Rev Bras Enferm, 68(4),524-531. doi: 10.1590/0034-7167.2015680406i.
Bouteraa, M., Hisham, R. R. I. R., & Zainol, Z. (2020). Islamic banks customers’ intention to adopt green banking: Extension of UTAUT Model. International Journal of Business and Technology Management, 2(1), 121-136.
Cain, M. K., Zhang, Z., & Yuan, K. H. (2017). Univariate and multivariate skewness and kurtosis for measuring nonnormality: Prevalence, influence and estimation. Behavior research methods, 49(5), 1716-1735.
Chapra, M. U. (1985). Towards a just monetary system (Vol. 8). International Institute of Islamic Thought (IIIT).
Choi, S., Kim, H., Chung, M., & Lee, S. Y. (2019). Online donation experiences, donation awareness, and intention of future donation among teenagers in South Korea. Journal of Social Service Research, 45(5), 622-633.
Cizarca, M. (1995). Cash waqfs of Bursa, 1555-1823. Journal of the Economic and Social History of the Orient, 38(3), 313-354.
Creswell, J. W., & Tashakkori, A. (2007). Developing publishable mixed methods manuscripts. Journal of Mixed Methods Research, 1(2), 107-111.
Davis, F. D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Quarterly, 13(3), 319–340.
Elkahlout, G. (2020). ‘Hearts and Minds’: Examining the Kuwaiti Humanitarian Model as an Emerging Arab Donor. Asian Journal of Middle Eastern and Islamic Studies, 14(1), 141-157.
Escobar-Rodriguez, T., & Carvajal-Trujillo, E. (2014). Online purchasing tickets for low cost carriers: An application of the unified theory of acceptance and use of technology (UTAUT) model. Tourism Management, 43(0), 70-88.
Farouk, A. U., Idris, M. K., and Saad, R. A. J. B. (2018), Moderating role of religiosity on Zakat compliance behavior in Nigeria. International Journal of Islamic and Middle Eastern Finance and Management, 11(3), 357-373. https://doi.org/10.1108/IMEFM-05-2017-0122.
Faudzi, M. S. M., Bakar, J. A., & Ahmad, S. (2021). The Relevance of Conventional and Islamic Crowdfunding as Financing Instruments for SMEs. Journal of Islamic Finance, 10(1), 59-64.
Fishbein, M., & Ajzen, I. (1977). Belief, attitude, intention, and behavior: An introduction to theory and research. Philosophy and Rhetoric, 10(2).
Ghazali, E. M., Mutum, D. S., & Ariswibowo, N. (2018). Impact of religious values and habit on an extended green purchase behaviour model. International Journal of Consumer Studies, 42(6), 639-654.
Give. (2021). Home Page. Available at: https://www.give.org.kw/en/ International Center for Not-for-Profit Law (ICNL). (2017). Kuwait Philanthropy Law Report. Available at: https://www.icnl.org/post/report/kuwait-philanthropy-law
Hair Jr, J. F., Sarstedt, M., Ringle, C. M., & Gudergan, S. P. (2017). Advanced issues in partial least squares structural equation modeling. saGe publications.
Hamza, S. H. (2017), “Al Haikalah Al Maliyyah Lilwaqfi Al naqdi [The financial structure of cash Waqf]”, Journal of University King Abdul Aziz, 30(3), 123-141.
Hapsari, M. I., Thaker, M. T. M. A. B., Mohammed, M. O., and Duasa, J. (2022). The likelihood of using crowdfunding-Waqf model in Malaysia. International Journal of Ethics and Systems, 38(4), 682-701. https://doi.org/10.1108/IJOES-07-2021-0150.
Hoehle, H., Zhang, X., & Venkatesh, V. (2015). An espoused cultural perspective to understand continued intention to use mobile applications: a four-country study of mobile social media application usability. European journal of information systems, 24(3), 337-359.
Hofstede Insights (2017), “Country comparison: Kuwait”, available at: www.hofstede-insights.com/ country-comparison/kuwait/
Hossain, M., & Oparaocha, G. O. (2017). Crowdfunding: Motives, definitions, typology and ethical challenges. Entrepreneurship Research Journal, 7(2), 1-14.
Husin, M., and Ab Rahman, A. (2016). Predicting intention to participate in family takaful scheme using decomposed theory of planned behaviour. International Journal of Social Economics, 43(12), 1351-1366. https://doi.org/10.1108/IJSE-03-2015-0074.
Kaartemo, V. (2017). The elements of a successful crowdfunding campaign: A systematic literature review of crowdfunding performance. International Review of Entrepreneurship, 15(3), 291-318.
Kahf, M. (1992), Waqf and its Socio-Political Aspects, IRTI, Jeddah.
Kasri, R. A., & Yuniar, A. M. (2021). Determinants of digital zakat payments: lessons from Indonesian experience. Journal of Islamic Accounting and Business Research, 12(3), 362-379.
Kawamura, Y., & Kusumi, T. (2018). Relationships between two types of reputational concern and altruistic behavior in daily life. Personality and Individual Differences, 121, 19-24. https://doi.org/10.1016/j.paid.2017.09.003.
Kim M. J., Hall, C. M. (2020). What drives visitor economy crowdfunding? The effect of digital storytelling on unified theory of acceptance and use of technology. Tourism Manag Perspect. 34 doi: 10.1016/j.tmp.2020.100638.
Koe, W. L., & Rahman, N. Z. A. (2014). The Use of Ar-Rahnu by Islamic Bank Customers in Malaysia. In the International Conference on Science, Technology and Social Sciences (ICSTSS) (p. pp 11-18). Springer Singapore.
Kuran, T. (2001). The provision of public goods under Islamic law: Origins, impact, and limitations of the waqf system. Law and Society Review, 841-898. Kuwait, available at: http://pay.manpower.gov.kw/MOSAL/static/index_1.jsf
Lahsasna, A. (2010). The role of cash waqf in financing micro and medium sized enterprises (MMEs). In Seventh International Conference–The Tawhidi Epistemology: Zakat and Waqf Economy (pp. 97-118).
Li, Y. Z., He, T. L., Song, Y. R., Yang, Z., & Zhou, R. T. (2018). Factors impacting donors’ intention to donate to charitable crowd-funding projects in China: a UTAUT-based model. Information, Communication & Society, 21(3), 404-415.
Ministry of Social Affairs and Labor (MOSAL). (2016), Ministerial Decree No. 128: Fundraising Rules, MOSAL Official Gate, Kuwait.
Ministry of Social Affairs and Labor (MOSAL). (2020), Kuwaiti Donation Campaign, MOSAL Official Gate, Kuwait, available at:
http://pay.manpower.gov.kw/MOSAL/static/index_1.jsf (accessed 29 October 2022).
Mohseni, S., Jayashree, S., Rezaei, S., Kasim, A., & Okumus, F. (2018). Attracting tourists to travel companies’ websites: the structural relationship between website brand, personal value, shopping experience, perceived risk and purchase intention. Current Issues in Tourism, 21(6), 616-645.
Mohsin, I. A. M. (2013), Financing through cash-waqf: a revitalization to finance different needs, International Journal of Islamic and Middle Eastern Finance and Management, 6(4), 304-321. https://doi.org/10.1108/IMEFM-08-2013-0094.
Mohsin, M. I. A. (2010). Revitalization of waqf administration & family waqf law. US-China Law Review, 7, 57.
Moon, Y., & Hwang, J. (2018). Crowdfunding as an alternative means for funding sustainable appropriate technology: Acceptance determinants of backers. Sustainability, 10(5), 1456.
Noor, N. A. M., Muhammad, A., Ahmad, N. A., & Ghani, A. (2018). The Influence of Product Attributes, Attitudes and Social Influence on Intention to Purchase Pirated CDs among Malaysian Consumers. International Journal of Business & Management Science, 8(1), 21-39.
Osman, A. F., Htay, S. N. N., & Muhammad, M. O. (2012). Determinants of cash waqf giving in Malaysia: survey of selected works. Paper Presented in Workshop Antarbangsa Pembangunan Berteraskan Islam V (WAPI-5), Medan, Indonesia, 186-243.
Osman, A. F., Mohammed, M. O., & Fadzil, A. (2016). Factor influencing cash Waqf giving behavior: A revised theory of planned behavior. Journal of Global Business and Social Entrepreneurship, 1(2), 12-25.
Osman, A. F., Mohammed, M. O., & Amin, H. (2014). An analysis of cash waqf participation among young intellectuals. Paper presented at Istanbul 9 th International Academic Conference (IIES), Turkey.
Raissouni, A. (2019), Waqf Endowment Scope and Implication, Rabat Morocco, ISESCO, p. 13.
Rizal, H., and Amin, H. (2017). Perceived ihsan, Islamic egalitarianism and Islamic religiosity towards charitable giving of cash waqf. Journal of Islamic Marketing, 8(4), 669-685. https://doi.org/10.1108/JIMA-05-2015-0037
Rodriguez-Ricardo, Y., Sicilia, M. and Lopez, M. (2018). What drives crowdfunding participation? The influence of personal and social traits. Spanish Journal of Marketing – ESIC, 22(2).163-182.
Ryu, S., & Kim, Y.-G. (2016). A typology of crowdfunding sponsors: Birds of a feather flock together? Electronic Commerce Research and Applications, 16, 43–54.
Saiti, B., Musito, M. H., and Yucel, E. (2018), “Islamic crowdfunding: fundamentals, developments, and challenges. The Islamic Quarterly Journal, 62, 3-469.
Shabbir, M. S., Uddin, M. R., Shahbaz, M., & Sayyed, F. (2010). Societal Marketing–A Tool for Financial Performance or Simply a Donation: An Empirical Investigation of Pakistani Firms. Asia Pacific Business Review, 6(3), 37-46.
Shier, M. L., & Handy, F. (2012). Understanding online donor behavior: the role of donor characteristics, perceptions of the internet, website and program, and influence from social networks. International Journal of Nonprofit and Voluntary Sector Marketing, 17(3), 219-230.
Shirazi, N. S. (2014). Integrating zakat and waqf into the poverty reduction strategy of the IDB member countries. Islamic Economic Studies, 130(1155), 1-30.
Singhapakdi, A., Vitell, S. J., Lee, D. J., Nisius, A. M., & Yu, G. B. (2013). The influence of love of money and religiosity on ethical decision-making in marketing. Journal of business ethics, 114(1), 183-191.
Souiden, N., and Rani, M. (2015). Consumer attitudes and purchase intentions toward Islamic banks: the influence of religiosity. International Journal of Bank Marketing, 33(2),143-161. https://doi.org/10.1108/IJBM-10-2013-0115
Suhaili, N. A., & Palil, M. R. (2016). Crowdfunding: A collaborative waqf based internet platform. International Journal of Business, economics and law, 11(5), 41-46.
Sulaeman, S., & Ninglasari, S. Y. (2020, October). An empirical examination of factors influencing the behavioral intention to use Zakat-Based crowdfunding platform model for countering the adverse impact of COVID-19 on MSMEs in Indonesia. In International Conference of Zakat (pp. 203-218).
Sunbulah Consultancy, & Ministry of Social Affairs. (n.d.). Taqreer AlKuwait AlEnsani 2017 (Kuwait's Humanitarian Report).
Sura, S., Ahn, J., & Lee, O. (2017). Factors influencing intention to donate via social network site (SNS): From Asian’s perspective. Telematics and Informatics, 34(1), 164-176.
Thaker, M. T. M. A. B. (2018). Factors influencing the adoption of the crowdfunding-waqf model (CWM) in the waqf land development. Journal of Islamic Marketing, 9 (3), 578-597. https://doi.org/10.1108/JIMA-05-2016-0043.
Thaker, M. T. M. A. B., and Allah Pitchay, A. (2018). Developing waqf land through crowdfunding-waqf model (CWM): the case of Malaysia. Journal of Islamic Accounting and Business Research, 9 (3), 448-456. https://doi.org/10.1108/JIABR-05-2016-0062.
Thaker, M. A. B. M. T., & Thaker, H. B. M. T. (2017). The Behavioural Intention of Investors to Use Islamic Banking’s Investment Account Platform (IAP) as A Source of Investment Portfolio: A Structural Equation Modeling Approach. Journal of Islamic Monetary Economics and Finance, 3(1), 113-138.
Thaker, M. T. M. A. B., Mohammed, M. O., Duasa, J., & Abdullah, M. A. (2016). The behavioral intention of micro enterprises to use the integrated cash waqf micro enterprise investment (ICWME-I) model as a source of financing. Gadjah Mada International Journal of Business, 18(2), 111-130.
Thamali, M. A. (n.d.), Waqfu Al Nuqudi, Hukmuhu, Tarikhoho, Wa AghraduhuAhumiyatuhu Al Mu’assira, Istithmaruhu [Cash Waqf, its Legality, a Historical Background, its Importance and Investment], University Ommo Al Qura, Makkah.
Treiblmaier, H., & Pollach, I. (2006). A framework for measuring people's intention to donate online. PACIS 2006 Proceedings, 88.
Venkatesh, V. (2022). Adoption and use of AI tools: a research agenda grounded in UTAUT. Annals of Operations Research, 308(1), 641-652.
Venkatesh, V., & Zhang, X. (2010). Unified theory of acceptance and use of technology: US vs. China. Journal of global information technology management, 13(1), 5-27.
Venkatesh, V., Morris, M. G., Davis, G. B., & Davis, F. D. (2003). User acceptance of information technology: toward a unified view. MIS Quarterly, 27(3), 425–478.
Walintukan, C., Tumbuan, W. J. F. A., & Tulung, J. E. (2018). The Effect Of Product Quality, Sales Promotion And Social Influence On Customer Purchase Intention In Bellagio Shoes Store In Manado. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 6(4), 3533-3542.
Wang, L. (2018). Self-determination and Minority Rights in China. Brill.
Wang, W., Mahmood, A., Sismeiro, C., & Vulkan, N. (2019). The evolution of equity crowdfunding: Insights from co-investments of angels and the crowd. Research Policy, 48(8), 103727.
Weaver, G. R., & Agle, B. R. (2002). Religiosity and ethical behavior in organizations: A symbolic interactionist perspective. Academy of management review, 27(1), 77-97.