Can blockchain technology moderates corporate waqf perceived behaviour? In search of underpinning theories

Abstract

The aim of this research is to investigate whether blockchain can be a disruptive technology to shift the traditional waqf concept from an individual-based behavioural concept to business-valued culture. The research examines existing verified behavioural technology theories in understanding the possible effect of blockchain technology as a Corporate Waqf fundraising platform on SME’s perceived behaviour. The research evaluates the quality of empirical analysis from the relevant theories and highlights the research gaps to identify suitable underpinning theories. Three hybrid theories were reviewed and analysed to develop the conceptual framework, namely: 1) firm’s technology adoption using Electronic Data Interchange Model (EDI) 2) corporate social responsibility using Triple Bottom Line Theory (TBL) and 3) behavioural intention using Theory of Planned Behaviour (TPB). Future recommendation is to integrate the underpinning theories in the recommended conceptual framework in predicting the effects of waqf blockchain technology on the SME’s perceived behaviour. The development of this framework is applicable to other relevant SME’s technology adoption behaviour patterns in forecasting the Corporate Waqf contribution to socio-economic sustainable outcomes. Implications for research and practice are discussed.