Determinant Student Interest in Electronic Money and Its Implications for Consumption Behavior: An Analysis Based on Islamic Economics Yusril (a*), Irham Zaki (b), Azrul Afrillana Awaluddin (c), Deky Candra Saputra (d)
a*) Faculty of Economics and Business, Airlangga University
ysrlysl30[at]gmail.com
b) Faculty of Economics and Business, Airlangga University
irham-z[at]feb.unair.ac.id
c) Faculty of Economics and Business, Airlangga University
azrulafril21[at]gmail.com
d) Faculty of Economics and Business, Airlangga University
dekycandra1999[at]gmail.com
Abstract
The advent of technology has brought about a substantial transformation in conventional payment methods, shifting from the usage of physical currency to digital payments facilitated by electronic money. The utilization of digital currency is experiencing a steady rise owing to a multitude of factors. This study uses the Technology Acceptance Model (TAM) theory as a framework to find variables and looks at how it applies to the use of electronic money in the context of Islamic economic law. The objective of this research is to analyze the perspective of Islamic economic law on the growing adoption of electronic money. The findings of the study indicate a notable rise in the utilization of electronic currency across all examined factors. In addition, the rise in the adoption of electronic money can be attributed to the findings of interviews conducted, which indicate that the convenience and many advantages associated with conducting transactions through electronic means are key drivers of this trend. Based on the findings of this study, it may be inferred that Islam does not categorically reject or forbid certain forms of technology, provided that they do not contradict its principles and doctrines. Furthermore, the Quran espouses the belief that humans are designated as caliphs in the terrestrial realm, a role bestowed upon them by Allah to be fulfilled via their righteous endeavors.
