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RETRACTED: The role of metaverse and blockchain in enhancing digital Islamic finance: empirical perspective

Manaf Al-Okaily (School of Business, Jadara University, Irbid, Jordan)
Ayman Abdalmajeed Alsmadi (Faculty of Business, Al Zaytoonah University of Jordan, Amman, Jordan)

Journal of Islamic Marketing

ISSN: 1759-0833

Article publication date: 1 March 2024

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This article was retracted on 3 Dec 2024.

Retraction statement

The publisher of Journal of Islamic Marketing wishes to retract the article Al-Okaily, M. and Alsmadi, A.A. (2024), “The role of metaverse and blockchain in enhancing digital Islamic finance: empirical perspective”, Journal of Islamic Marketing, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JIMA-11-2023-0369. It has come to our attention that there are statistical errors present within the article. Specifically, the results of both the measurement model and structural model do not conform to the results reported in the article. As part of an investigation into these concerns, the authors were requested to provide a copy of the data so that the editorial team could verify the findings. The authors cooperated with the investigation but were unable to address the identified discrepancies; the editorial team were also unable to verify the article’s findings. As a result of these concerns, the findings of the article cannot be relied upon. The authors sincerely apologize to the readers.

Abstract

Purpose

This study aims to investigate the connections between the adoption of technology, user experience (UX), financial transparency and accountability, specifically focusing on the moderating influence of cultural sensitivity in the Jordanian context.

Design/methodology/approach

This study gathered data from 272 participants who are working in the operational Islamic banks in Jordan. Partial least squares structural equation modeling (PLS-SEM) is used for the hypotheses testing.

Findings

The results indicate that cultural sensitivity plays a significant role in shaping the UX, consequently influencing perceptions of financial transparency and accountability in e-Islamic finance within the metaverse. This study underscores the intricate interplay between technological advancements, adherence to Sharia principles and diverse cultural expectations, forming the crux of the research.

Originality/value

This research brings a novel perspective by examining the complex connections among technology adoption, UX, financial transparency and accountability, specifically within the distinctive context of Jordan. This research study innovates by checking out how social sensitivity moderates these partnerships, specifically in the context of e-Islamic finance in the metaverse. It adds value to the academic area by shedding light on the intricate interaction between technological development, adherence to Sharia concepts and differing cultural expectations. Ultimately, this adds to a much deeper understanding of the multifaceted nature of this domain.

Keywords

Citation

Al-Okaily, M. and Alsmadi, A.A. (2024), "RETRACTED: The role of metaverse and blockchain in enhancing digital Islamic finance: empirical perspective", Journal of Islamic Marketing, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JIMA-11-2023-0369

Publisher

:

Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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