Browsing by Author "Nurudeen Abdulkadir"
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Publication Adoption Of Islamic Trade Financing Facilities Among Smes In North-west Nigeria: A Preliminary Investigation(Penerbit Universiti Sains Islam Malaysia, 2022) ;Nurudeen Abdulkadir ;Safeza Mohd SapianNorhazlina IbrahimThe existence, growth and development of Small and Medium-sized Enterprises (SMEs) depend on trade and commercial activities. Trading activities, especially cross-border trade, have been acknowledged as an important instrument for sustainable economic growth, development, poverty alleviation, inclusiveness and global stability. However, for the smooth flow of trade and commercial activities, SMEs need a specialized form of financing (i.e., trade finance). North-West Nigeria being a Muslim-majority region, Islamic trade finance should be a better alternative than conventional trade finance. Thus, this preliminary study aims to examine the significant factors influencing the adoption of Islamic trade financing products among SMEs owner-managers in North-West Nigeria. Besides, the study investigates the moderating effects of age, gender and education on the adoption of Islamic trade financing products among SMEs owner-managers. To achieve this aim, a quantitative survey of 36 randomly selected SMEs was undertaken of which 35 were valid for analysis. A hierarchal multiple regression approach was employed to analyse the data. The results of hypotheses testing revealed that religious obligation and awareness have a direct and significant influence on the adoption of Islamic trade financing products. On the contrary, relative advantage, compatibility, complexity, perceived risk, social influence, and government support were found to be insignificant. Also, age, gender, and education were found to be insignificant moderators in this study. The results of this preliminary study indicate the need for massive awareness and the importance of promoting the “Islamicity” of Islamic trade financing facilities by Islamic banks in North-West Nigeria. - Some of the metrics are blocked by yourconsent settings
Publication Conceptual Framework For The Adoption Of General Takaful Among MSME Owner-Managers In North-west Nigeria: The Role Of MSME Owner-Manager Characteristics(IIUM Institute of Islamic Banking and Finance (IIiBF), 2021) ;Nurudeen Abdulkadir ;Safeza Mohd Sapian ;Norhazlina IbrahimSyadiyah Abdul ShukorThe ability to manage risk is especially important to Micro, Small and Medium-sized enterprises (MSMEs) which constitute more than 90% of all businesses in Nigeria. One of the mitigating techniques in minimizing risk is through insurance and Nigeria being a Muslim-majority country, takaful is the alternative to conventional insurance. Despite their fragile nature and their exposure to various threats, MSMEs are the least segment utilizing insurance cover. Based on the reports from the country’s financial regulators it shows that majority of these businesses do not participate in any insurance scheme. Furthermore, there are less studies that examined takaful adoption by MSMEs, especially in Nigeria. These past studies are also inconclusive on the significant factors influencing adoption especially from the behavioral perspective. This paper aims to propose a conceptual framework to study the factors that influence general takaful adoption among MSMEs owner-managers’ in North-West Nigeria. An integrated framework based on the Diffusion of Innovation Theory (DOI) and the Unified Theory of Acceptance and the Use of Technology (UTAUT) was developed to examine what motivates MSMEs owner-managers to adopt general takaful. Furthermore, the proposed model incorporates MSME owner-manager’s personal and demographic characteristics (age, gender, education, prior loss experience and religiosity) as potential moderators in the study to enhance the predictive power of the model. Validating the conceptual framework of this research will be useful to takaful operators, financial regulators and policy makers in Nigeria to devise appropriate strategies that will increase the adoption rate of general takaful scheme among MSMEs. - Some of the metrics are blocked by yourconsent settings
Publication Factors Determining Micro, Small And Medium-Sized Enterprises’ (MSMEs) General Takaful Adoption In Nigeria: The Moderating Role Of Religiosity(Universiti Sains Islam Malaysia, 2022-11)Nurudeen AbdulkadirRisk management allows businesses to prepare for the unexpected by minimizing risks and unexpected losses in the future. The ability to manage risk is particularly important to Micro, Small and Medium-sized Enterprises (MSMEs) which constitute more than 95% of all businesses in Nigeria. One of the mitigating techniques in minimizing risk is through insurance and Nigeria being a Muslim-majority country, takaful should be a better alternative than conventional insurance. However, despite their fragile nature and their exposure to various threats, MSMEs are the least segment utilizing insurance cover. Recent reports show that most of these businesses do not participate in any insurance scheme. Furthermore, there are fewer studies that examined takaful adoption by MSMEs, especially in Nigeria. These past studies also are inconclusive on the significant factors influencing adoption, especially from the behavioural perspective. Therefore, this study fills the existing gap by conducting an empirical study that investigates the noneconomic factors influencing the adoption of general takaful among MSMEs owner-managers in North-West Nigeria (Kano and Kaduna). Besides, the study examines the moderating role of religiosity on the relationship between the predictor variables in the study (relative advantage, compatibility, complexity, uncertainty, awareness, social influence, government support, and prior loss experience) and general takaful adoption. A quantitative survey study of 295 randomly selected MSMEs in Kano and Kaduna was undertaken. Partial least Square Structural Equation Modelling (PLS-SEM) technique was applied to test the hypotheses advanced. The findings showed that relative advantage, compatibility, awareness, social influence, religiosity and prior loss experience have a direct and significant influence on MSMEs owner-managers’ behavioural intention to adopt general takaful. Conversely, the study found that complexity, uncertainty and government support were not significant in explaining general takaful adoption. Furthermore, as hypothesized, religiosity moderates the influence of relative advantage, complexity, government support, and prior loss experience on general takaful adoption. However, the hypothesized moderating effect of religiosity on compatibility, uncertainty, awareness, and social influence were not supported in this study. The study findings contribute to the scant literature on general takaful adoption. Moreover, the findings underscore the significance of religiosity in influencing takaful adoption. Furthermore, the findings provide significant practical implications and insights to takaful operators, takaful regulators, and policymakers in Nigeria in terms of devising appropriate strategies that will increase the adoption rate of general takaful scheme among MSMEs - Some of the metrics are blocked by yourconsent settings
Publication Trade Finance In Digital Era: Can Fintech Harness The Current Risks And Challenges?(USIM Press (Penerbit USIM), 2021) ;Safeza Binti Mohd Sapian ;Nurudeen AbdulkadirNorhazlina Binti IbrahimTrade and commercial activities are the foundation and supporting pillars of the global economy. It is through trade, particularly international trade, that a country’s economy is developed and sustained. It is a fact that FinTech platforms help financial service providers to become more time and cost-efficient in delivering trade finance services, however, the moves come with a high price. As the system becomes complex, the risks associated with it are also high due to systemic vulnerabilities, hackers and security hurdles. This current state requires more rigorous risk identification and management systems along with proficient internal control system, especially for international trade and trade financing. It has propelled many financial intermediaries to be more competitive in committing to the development of digitised channels and propositions, preparing to cede market share to a new generation of providers that have already seized the imperative to respond to market evolution in international trade. The main aim of this paper is to explore how far can FinTech platforms help the financial service providers to be more efficient in providing their services to the end-user while at the same time be excellent to harness the possibilities of cyber and FinTech risk in this digital era. The study reviews past studies done in this area, especially on the risks and challenges, the prospects and opportunities of FinTechs in trade financing and its ability to cope with the risks inherent in FinTech solutions. The findings show that the benefits of FinTech platforms outweigh the shortcomings and with sustained collaboration, standardization and a holistic approach to the development of FinTech solutions, the risks of digital transformations can be considerably reduced.