Muslim Behavioural Intention Toward Cryptocurrency: The Role of Subjective Norm from a Pilot Study

Abstract

The advancement of technology has led to the increasing use of cryptocurrency, which is known for its resistance to alteration and manipulation. However, Islamic scholars hold differing opinions regarding its permissibility, some consider it lawful, while others regard it as prohibited. This pilot study explored Muslim users’ behaviour intention toward cryptocurrency by employing the Subjective Norm variable. Questionnaires were distributed via online communication platforms. Among the tested variables, subjective norm was highlighted in this study. The results indicate that the opinions of individuals valued by the respondents, as well as those close to them, recorded the highest mean scores. In conclusion, the types of cryptocurrencies held by Muslims reflect their level of interest in this digital asset. Future research should incorporate additional analyses to expand understanding in this area.