WAREHOUSE RECEIPT SYSTEM USING TECHNOLOGY ACCEPTANCE MODEL (TAM) FOR AGRICULTURAL ISLAMIC FINANCING
Authors: Prasetyowati Riris Aishah , Meiria Endah , Hamid Abdul 
Published: September 2024

Objectives: This paper offers an analysis of Islamic banks that are expected to be able to fully contribute to the availability of agricultural sector financing with ease of requirements and guarantees for farmers who need additional working capital for their farming businesses through user-friendly applications. Islamic banks also need other supporting institutions, such as guarantee institutions that are authorized to issue collateral in the form of Warehouse Receipts (WRS), start-up companies for marketing agricultural products, internet technology for information on the feasibility of farmers' businesses, and others.

Theoretical Framework: TAM adopts a causal chain of beliefs, attitudes, intentions, and behaviours as proposed by social psychologists named (Fisbein and Ajzeem,1975). Warehouse Receipt System (WRS) is a trade and financial instrument that allows commodities stored in a warehouse to obtain financing from financial institutions without requiring other collateral.

Method: The TAM method is used to measure farmers' perceptions of the usefulness and ease of use of Internet-based WRS guarantee for agricultural financing with a sample of 193 respondents consisting of farmers and Islamic bank employees in the financing section. Financing/Banking Institutions and Warehouse Managers are no longer unfamiliar with the term Warehouse Receipt. This document of proof of ownership of goods is issued by the Warehouse Manager who is tasked with managing goods that are used as collateral for the granting of credit/financing by financial institutions to the owner of the goods.

Results and Discussion: The results of the analysis show that the direct effect of perceived usefulness has a significantly greater correction with behavior of use, and ease of use on usage attitude has a positive relationship, strong and significant, as well as behavioural intentions of use and actual system usage. But the indirect effect of usefulness and ease of use on behavioural intention of use is positive, weak and insignificant. The direct effect of ease of use on the actual system usage has a positive, strong and significant. The indirect effect of usefulness and ease of use on the actual system usage through usage attitudes is positive, strong and significant, but through behavioural intentions of use, the effect is positive, weak and insignificant.

Research Implications: It means that farmers have expectations in this Internet-based WRS guarantee for agricultural Islamic financing product. However, Islamic banks indicate an uncertain perception.

Originality/Value: This paper is one of the studies that still rarely discuss agricultural financing in Islamic banking using warehouse receipts as collateral. This analysis is an initial study of farmers' perceptions of Islamic bank agricultural financing with this warehouse receipt guarantee. The conclusions and implications discussed in this paper exceed the expectations and desires of farmers, as well as financing products in Islamic banks.