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1.

Determinants of the Islamic financial literacy Pages 961-966 Right click to download the paper Download PDF

Authors: Gatot Nazir Ahmad, Umi Widyastuti, Santi Susanti, Hasan Mukhibad

DOI: 10.5267/j.ac.2020.7.024

Keywords: Islamic financial literacy, subjective knowledge, Sharia compliance, Riba, Profit-sharing

Abstract:
Financial literacy is one of the human capitals, which has a contribution in influencing financial behavior. In line with the development of Islamic financial products, the Islamic financial literacy is needed to be enhanced to support people’s financial decision making. This study aims to determine the dimensions of Islamic financial literacy. The study used 472 Sharia mutual funds’ individual investors who were collected using convenience sampling technique. Islamic financial literacy in this study was measured using 9 indicators. Based on exploratory factor analysis (EFA), two dimensions of Islamic financial literacy were extracted: the first dimension is labelled subjective knowledge of Sharia compliance and the second dimension is named subjective knowledge of riba and profit-sharing.
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Journal: AC | Year: 2020 | Volume: 6 | Issue: 6 | Views: 4618 | Reviews: 0

 

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