Search results

This study aims to identify the factors influencing cashless transactions toward digital payment systems using the extended UTAUT model in developing countries. This model was extended with perceived usefulness, perceived ease of use, facilitating conditions, perceived security/trust and social influence for assessing consumer behavior toward cashless transactions.

Using structural equation modeling (SEM), this study conducted a cross-sectional survey to collect data, providing a snapshot of the relationship between exogenous and endogenous variables.

The results of the study indicate that perceived usefulness, facilitating conditions, perceived trust/security and social influence have a significant influence on consumer intentions toward cashless transactions. Oppositely, leaving the perceived ease of use has no significant influence on consumer intentions toward the usage of cashless transactions.

The contribution of this study is to extend the UTAUT model for adopting cashless transactions in developing countries that will help government agencies, service providers and financial institutions design effective strategies in the future.

This study uses the time-varying parameter vector autoregressive (TVP-VAR) frequency connectedness approach to examine the interconnectedness between artificial intelligence (AI)-related financial assets and Islamic banking indices in financial markets. It reveals linkages across different market segments and their influence on spillovers between segments at different investment horizons.

The research methodology involves using the TVP-VAR model. This model allows the authors to analyze return spillovers across different time frames by capturing the dynamic nature of the relationships between variables. The authors also consider various global factors in the regression analysis for rigor (Chatziantoniou et al., 2023).

This research shows that short-term changes impact extreme risk interconnectedness more than medium- or long-term changes. Well-established market indices like AI-related stocks (MSFT, GOOG and NVDA) and Islamic banks (Saudi Arabia, UAE) consistently contribute to or transmit returns. In contrast, most AI-related tokens and Asian Islamic banks tend to receive shocks. Two indices related to gold and the uncertainty of the US dollar demonstrate potential for hedging and predictability in interconnectedness.

The results emphasize the vital role of short-term changes in diversifying a portfolio and managing risks, providing valuable insights for financial analysts and professionals in AI-related finance, Islamic banking and portfolio management.

The rising importance of AI-related stocks and tokens in investing has raised concerns about their compatibility with traditional financial instruments, especially in Islamic finance (Rabbani et al., 2023; Darehshiri et al., 2022; Yousaf et al., 2022). This paper examines the connections among AI-related stocks, AI-related tokens and Islamic banking indices to shed light on their correlations and potential impacts on the financial landscape.

This study aims to address the noted gap in comprehensive overviews detailing the developmental trajectory of Islamic finance (IF) as an interdisciplinary academic field.

The study introduces a unique approach using the combined methodologies of co-word analysis and main path analysis (MPA) by examining a broad collection of IF research articles.

The investigation identifies dominant themes and foundational works that have influenced the IF discipline. The data reveals prominent areas such as Shariah governance, financial resilience, ethical dimensions and customer-centric frameworks. The MPA offers detailed insights, narrating a journey from the foundational principles of IF to its current challenges and opportunities. This journey covers harmonizing religious beliefs with contemporary financial models, changes in regulatory landscapes and the continuous effort to align with broader socioeconomic aspirations. Emerging areas of interest include using new technologies in IF, standardizing global Islamic banking and assessing its socioeconomic effects on broader populations.

This study represents a pioneering effort to map out and deepen the understanding of the IF field, highlighting its dynamic evolution and suggesting potential avenues for future academic exploration.