Access to financial services is a notable challenge for micro, small and medium enterprises (MSMEs), particularly in Muslim-majority states of Nigeria; however, the emergence of Islamic Fintech could be a game changer. This study aims to investigate how Islamic financial literacy could moderate the linkages between perceived ease of use, usefulness, risk, trust and the adoption of Islamic Fintech among Muslim entrepreneurs in Nigeria.
A cross-sectional survey approach was used to generate data from the sample of 340 Nigerian Muslim entrepreneurs which was analyzed by means of partial least square structural equation model version 3.2.7.
The result confirms the direct significant positive influence of perceived usefulness, trust, Islamic financial literacy and a negative significant influence of perceived risk on the Islamic Fintech adoption. Moreover, Islamic financial literacy moderates the linkages between perceived usefulness and trust in the adoption of Islamic Fintech.
To the best of the authors’ knowledge, this study is the first to explore the moderating influence of Islamic finance literacy on the linkages between perceived ease of use, usefulness, risk, trust and adoption of Islamic Fintech among Muslim entrepreneurs in Nigeria. It uncovers the moderating role of Islamic financial literacy on the linkages between perceived usefulness and trust in the adoption of Islamic Fintech.
