Islamic Social FinTech in Europe: Behavioral Intention to Adopt Blockchain-Based Zakat Platforms

This study examines the behavioral intention of Muslims in Bosnia and Herzegovina to adopt blockchain-based zakat systems. It offers novel insights from a European Islamic context. Prior studies have primarily focused on Southeast Asia and the Middle East. The research develops an SEM model on an extended Unified Theory of Acceptance and Use of Technology framework. Data were collected through a survey of Bosnian Muslims. The aim was to investigate how these factors influence the acceptance of digital zakat platforms. The findings highlight the potential of blockchain to address inefficiencies and trust issues in traditional zakat management. The study shows that performance expectancy, intrinsic religiosity, and trust are significant determinants of adopting blockchain-based zakat platforms. These results emphasize both technological and faith-based drivers of acceptance. Technology can enhance the trustworthiness and inclusivity of zakat administration for a broader group of Muslims in Bosnia and Herzegovina and similar contexts. This work contributes to broader international discussions on the intersection of technology, religion and finance. The article is laying a foundation for the future development of blockchain-based zakat platforms in Muslim societies.