Institutions and Economies · 2013 · Vol 5, Iss 3, pp. 97-114

The challenges of implementing gold dinar in Kelantan: An empirical analysis

Muhammad-Bashir Yusuf · Gairuzazmi Mat Ghani · Ahamed Kameel Mydin Meera

Abstract

The purpose of this paper is to analyse the challenges of adopting the gold dinar as a currency in Kelantan, Malaysia. This is one of the earliest works to empirically investigate the challenges of using gold dinar currency since its introduction in Kelantan in August, 2010. The paper looks at both the internal and external challenges to the adoption of the new currency. The researchers came up with a model and a survey to validate the model. Structural equation modelling technique was employed to test if the data collected fits the model. It was found out that while the effects of both external and internal challenges were not statistically significant, they are significant in practical terms. All our measurement items were also found to be practical. Though the findings of the study indicate the challenges are not statistically significant, they nevertheless must be addressed if gold dinar is to be adopted in the future.

Journal article. Institutions and Economies, 5(3), pp. 97-114, 2013

Repository record

Also published as

  • Conference paper. The 5th ISDEV International Islamic Development Management Conference, 2011 Record

Keywords: Adoption, External and internal challenges, Gold dinar, Kelantan

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Cite this paper

APA
Yusuf, M., Ghani, G.M., & Meera, A.K.M. (2013). The challenges of implementing gold dinar in Kelantan: An empirical analysis. Institutions and Economies, 5(3), 97–114.
Chicago
Yusuf, M., Gairuzazmi Mat Ghani, and Ahamed Kameel Mydin Meera. 2013. "The challenges of implementing gold dinar in Kelantan: An empirical analysis." Institutions and Economies 5, no. 3: 97–114.
BibTeX
@article{meera2013challenges,
  author   = {Muhammad-Bashir Yusuf and Gairuzazmi Mat Ghani and Ahamed Kameel Mydin Meera},
  title    = {The challenges of implementing gold dinar in Kelantan: An empirical analysis},
  journal  = {Institutions and Economies},
  year     = {2013},
  volume   = {5},
  number   = {3},
  pages    = {97--114},
  url      = {https://ahamedkameel.com/papers/the-challenges-of-implementing-gold-dinar-in-kelantan-an-empirical-analysis/},
}
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