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Venture Capital Strategies as Mediating Effects in Managing the Musharakah Contract for Islamic Banking: Malaysian Demand-side Perspectives

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dc.contributor.authorSiti Nor Amira Mohamaden_US
dc.contributor.authorMohamad Yazis Ali Basahen_US
dc.contributor.authorNoor Aznaim Abd Latiben_US
dc.contributor.authorNadiah Ramlanen_US
dc.contributor.authorSiti Sarah Izhamen_US
dc.date.accessioned2024-05-28T06:44:54Z
dc.date.available2024-05-28T06:44:54Z
dc.date.issued2023
dc.date.submitted2024-1-31
dc.descriptionVol. 13, No. 2, 2023, Pg. 191 – 207en_US
dc.description.abstractThe users (demand-side) of Malaysian Islamic banking uphold their behavioural intention toward their awareness of the need to comply with Riba-free banking, especially for entrepreneurs demanding venture capital strategies. Because of high risks, Musharakah contracts are deemed less preferred in Islamic banking. This study needs to examine the factors influencing the intention to apply venture capital strategies in the Musharakah contract. The data were collected through a survey of 286 respondents and were analyzed using the Structural Equation Modelling (SEM) AMOS. The results showed that subjective norms positively affect venture capital strategies and mediate intention via subjective norms. While the other factors are not significant, the findings contribute to the literature on venture capital strategies by demonstrating the drivers of behavioural intention and testing the mediating role of venture capital strategies and the integrated Theory of Reasoned Action (TRA) in the context of Islamic banking by introducing venture capital strategies as a potential driver of intention and as a mediator effect. Islamic banks in Malaysia have great potential to offer the Musharakah contract and mitigate risk by adopting venture capital strategies. The results of this study are vital in proposing the channelling of Islamic Corporate Social Responsibility (i-CSR) funds for the Musharakah contract as an initial step in applying venture capital strategies. Also, regulatory bodies and Islamic banks may benefit from the outcome, which provides insight into the factors they should consider to promote venture capital strategies in the Musharakah contract.en_US
dc.identifier.citationMohamad, S. N. A., Basah, M. Y. A., Latib, N. A. A., Ramlan, N., & Izham, S. S. (2023). Venture Capital Strategies as Mediating Effects in Managing the Musharakah Contract for Islamic Banking: Malaysian Demand-side Perspectives. International Journal of Academic Research in Business and Social Sciences, 13(2), 191 – 207.en_US
dc.identifier.doi10.6007/IJARBSS/v13-i2/16160
dc.identifier.epage207
dc.identifier.issn2222-6990
dc.identifier.issue2
dc.identifier.spage192
dc.identifier.urihttps://hrmars.com/index.php/IJARBSS/article/view/16160/Venture-Capital-Strategies-as-Mediating-Effects-in-Managing-the-Musharakah-Contract-for-Islamic-Banking-Malaysian-Demand-side-Perspectives
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7699
dc.identifier.volume13
dc.language.isoen_USen_US
dc.publisherHuman Resource Management Academic Research Societyen_US
dc.relation.ispartofInternational Journal of Academic Research in Business and Social Sciencesen_US
dc.subjectManagement, Musharakah Contract, Structural Equation Modelling (SEM), Theory of Reasoned Action (TRA), Venture Capital Strategiesen_US
dc.titleVenture Capital Strategies as Mediating Effects in Managing the Musharakah Contract for Islamic Banking: Malaysian Demand-side Perspectivesen_US
dc.typeArticleen_US
dspace.entity.typePublication

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