Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect

This research offers several appealing features for an analysis of Islamic financial Literacy and personal financial management. Individual attitudes intention and behavior are added as the moderating variable on that association. This study explores the re relationship between individual attitude i...

Full description

Saved in:

Bibliographic Details
Main Authors:	Atif, Hussain, Asri, Marsidi, Rossazana Ab-Rahim, Ab-Rahim
Format:	Thesis
Language:	English
Published:	2024
Subjects:	HG Finance
Online Access:	http://ir.unimas.my/id/eprint/46600/3/Thesis%20Master_Atif.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-unimas-ir.46600
record_format	uketd_dc
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	HG Finance
spellingShingle	HG Finance Atif, Hussain Asri, Marsidi Rossazana Ab-Rahim, Ab-Rahim Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect
description	This research offers several appealing features for an analysis of Islamic financial Literacy and personal financial management. Individual attitudes intention and behavior are added as the moderating variable on that association. This study explores the re relationship between individual attitude intention and behavior and personal financial management from an empirical perspective. Specifically, by conducting a survey in Sarawak, this research analyses the influence of individual attitude intention and behavior on personal financial management at the individual level focusing on the demographic profiles and financial literacy level. Individual attitudes are classified into individual behavior and intention of the respondents toward Islamic financial literacy and management of the personal financing’ openness to experience, Islamic financial literacy exert relatively large influences on personal financial management in terms of the levels of Islamic financial literacy held by everyone. In contrast, openness to experience and agreeableness appear to be unimportant in influencing personal financial management. The findings also suggest that Individual attitude have different moderating effect with Islamic financial Literacy. while individual is found to have positive moderating effect with Islamic financial Literacy towards personal financial management. Keywords: Islamic financial Literacy, Personal Financial Management, Individual attitude
format	Thesis
qualification_level	Master's degree
author	Atif, Hussain Asri, Marsidi Rossazana Ab-Rahim, Ab-Rahim
author_facet	Atif, Hussain Asri, Marsidi Rossazana Ab-Rahim, Ab-Rahim
author_sort	Atif, Hussain
title	Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect
title_short	Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect
title_full	Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect
title_fullStr	Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect
title_full_unstemmed	Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect
title_sort	impact of islamic financial literacy on savings on investment decisions: the individual attitude effect
granting_institution	Unimas
granting_department	FEB
publishDate	2024
url	http://ir.unimas.my/id/eprint/46600/3/Thesis%20Master_Atif.pdf
_version_	1818611704583421952
spelling	my-unimas-ir.466002024-11-12T07:45:02Z Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect 2024-10-17 Atif, Hussain Asri, Marsidi Rossazana Ab-Rahim, Ab-Rahim HG Finance This research offers several appealing features for an analysis of Islamic financial Literacy and personal financial management. Individual attitudes intention and behavior are added as the moderating variable on that association. This study explores the re relationship between individual attitude intention and behavior and personal financial management from an empirical perspective. Specifically, by conducting a survey in Sarawak, this research analyses the influence of individual attitude intention and behavior on personal financial management at the individual level focusing on the demographic profiles and financial literacy level. Individual attitudes are classified into individual behavior and intention of the respondents toward Islamic financial literacy and management of the personal financing’ openness to experience, Islamic financial literacy exert relatively large influences on personal financial management in terms of the levels of Islamic financial literacy held by everyone. In contrast, openness to experience and agreeableness appear to be unimportant in influencing personal financial management. The findings also suggest that Individual attitude have different moderating effect with Islamic financial Literacy. while individual is found to have positive moderating effect with Islamic financial Literacy towards personal financial management. Keywords: Islamic financial Literacy, Personal Financial Management, Individual attitude Atif Hussain 2024-10 Thesis http://ir.unimas.my/id/eprint/46600/ http://ir.unimas.my/id/eprint/46600/3/Thesis%20Master_Atif.pdf text en validuser https://hrmars.com/index.php/journals/journaldetail/IJARBSS masters Unimas FEB Abdul Razak, L., Rose Abdullah, H., Lutfi Haji Abdul Razak, A., Islam Sultan Sharif Ali Brunei Darussalam, U., Sultan Sharif Ali, I., & Darussalam, B. (n.d.). Exploratory Research into Islamic Financial Literacy in Brunei Darussalam. https://doi.org/10.13140/RG.2.1.4815.1765 Abdullah, M. A., Aqilah, S. N., Wahab, A., Sabar, S., & Abu, F. (2017). Factors determining Islamic financial literacy among undergraduates. Islamic Research Journal of Emerging Economies & Islamic Research, 5(2), 67–76. www.jeeir.com Abdullah, M. A., & Chong, R. (2014). Financial Literacy: An Exploratory Review of the Literature and Future Research. Journal of Emerging Economies & Islamic Research, 2(3). Abdullah, M. C., & Adebayo, A. S. (2015). Relationship between demographic factors, social support and sociocultural adjustment among international post graduate students in a Malaysian public university. Journal of Educational and Social Research, 5(2), 87. Abdullah, M. F., Hoque, M. N., Rahman, M. H., & Said, J. (2022a). Can Islamic Financial Literacy Minimize Bankruptcy Among the Muslims? An Exploratory Study in Malaysia. SAGE Open, 12(4), 1–13. https://doi.org/10.1177/21582440221134898 Abdullah, M. F., Hoque, M. N., Rahman, M. H., & Said, J. (2022b). Can Islamic Financial Literacy Minimize Bankruptcy Among the Muslims? An Exploratory Study in Malaysia. SAGE Open, 12(4). https://doi.org/10.1177/21582440221134898 Abdullah, M. N., Parvez, K., Karim, T., & Tooheen, R. B. (2015). The impact of financial leverage and market size on stock returns on the Dhaka stock exchange: Evidence from selected stocks in the manufacturing sector. International Journal of Economics, Finance and Management Sciences, 3(1), 10–15. Abdullah, S. A. S., & Ahmad, R. (2013). Deposit Insurance: Concept and Theory Perceptions of non-Muslims towards Islamic banking Social Networks and Directors Remuneration Determination: Malaysian Evidence The Five Major Organisational Attributes that Motivate Generation Y to Stay the Banking I. The Journal of the Institute of Bankers Malaysia, 2013(138), 1–32. Abdurahim, A., Triyuwono, I., Mulawarman, A. D., & Achsin, M. (2016). Aminullah : Revealing the Spiritual Values in Sharia Transaction. International Journal of Management and Administrative Sciences (IJMAS), 4(1), 65–73. Acharya, V. V, & Richardson, M. (2009). Causes of the financial crisis. Critical Review, 21(2–3), 195–210. Ahmad, G. N., Widyastuti, U., Susanti, S., & Mukhibad, H. (2020). Determinants of the islamic financial literacy. Accounting, 6(6), 961–966. https://doi.org/10.5267/j.ac.2020.7.024 Akhmad, D., Suyoto, S., Hengky, W., & ... (2018). the Effect of Financial Literacy, Financial Experience, and Locus of Control Towards Financial Management Attitude and Family …. … (Icbae Ump 2018 …, April, 206–215. https://doi.org/10.13140/RG.2.2.15088.30722 Al-Gamal, M. A. (2011). Islamic Finance, Law, Economics and Practice Mahmoud. İslâm Araştırmaları Dergisi, 25, 189–192. Alamad, S. (2019). An Analysis of Paper Money and the Concept of Multi-genus Banknotes. In Financial and Accounting Principles in Islamic Finance (pp. 49–73). Springer. Albaity, M., & Rahman, M. (2019). The intention to use Islamic banking: an exploratory study to measure Islamic financial literacy. International Journal of Emerging Markets, 14(5), 988–1012. https://doi.org/10.1108/IJOEM-05-2018-0218 Alshebami, A. S., & Aldhyani, T. H. H. (2022). The Interplay of Social Influence, Financial Literacy, and Saving Behaviour among Saudi Youth and the Moderating Effect of Self-Control. Sustainability (Switzerland), 14(14). https://doi.org/10.3390/su14148780 Altaf, M., Mokhtar, S. S. M., Mustafa, F., & Shahzad, A. (2019). Brand empowerment and brand consistent behavior: Mediating role of brand psychological ownership and employee brand understanding. Pakistan Journal of Psychological Research, 34(3), 477–496. https://doi.org/10.33824/PJPR.2019.34.3.26 Amilahaq, F., Wijayanti, P., & Pertiwi, B. C. (2022). Managing Islamic Financial Planning Inclusion in Indonesia. Tazkia Islamic Finance and Business Review, 15(1), 40–66. https://doi.org/10.30993/tifbr.v15i1.243 Antara, P. M., Musa, R., & Hassan, F. (2016a). Bridging Islamic financial literacy and halal literacy: the way forward in halal ecosystem. Procedia Economics and Finance, 37, 196–202. Antara, P. M., Musa, R., & Hassan, F. (2016b). Bridging Islamic Financial Literacy and Halal Literacy: The Way Forward in Halal Ecosystem. Procedia Economics and Finance, 37, 196–202. https://doi.org/10.1016/s2212-5671(16)30113-7 Arifin, Z., & Soleha, E. (2019). Overconfidence , Attitude Toward Risk , and Financial Literacy : A Case in Indonesia Stock Exchange. Review of Integrative Business and Economics Research, 8(4), 6722. https://sibresearch.org/uploads/3/4/0/9/34097180/riber_8-s4_10_k19-110_144-152.pdf Arora, J., & Chakraborty, M. (2023). Role of financial literacy in investment choices of financial consumers: an insight from India. International Journal of Social Economics, 50(3), 377–397. https://doi.org/10.1108/IJSE-12-2021-0764 Asandimitra, N., & Kautsar, A. (2017). Financial self-efficacy on women entrepreneurs success. International Journal of Academic Research in Business and Social Sciences, 7(11), 293–300. Ashraf, M. A. (2019). Theory of islamic entrepreneurship: A conceptual paper. International Journal of Entrepreneurship, 23(3). Asker, J., Collard-wexler, A., & Loecker, J. De. (2014). Dynamic Inputs and Resource ( Mis ) Allocation Dynamic Inputs and Resource ( Mis ) Allocation Allan Collard-Wexler Jan De Loecker. Journal of Political Economy, 122(5), 1013–1063. Astiti, N. P. Y., Warmana, G. O., & Hidayah, M. (2019). Financial Literation and Investment Decision Behavior of Entrepreneurs in Bali. International Journal of Applied Business and International Management, 4(3), 64–68. https://doi.org/10.32535/ijabim.v4i3.683 Baihaqqy, M. R. I., Disman, Nugraha, Sari, M., & Ikhsan, S. (2020). The Effect of Financial Literacy on the Investment Decision. Budapest International Research and Critics Institute-Journal (BIRCI - Journal), 3(4), 3073–3083. https://doi.org/10.33258/birci.v3i4.1333 Banytė, J., Jokšaitė, E., & Virvilaitė, R. (2007). Relationship of Consumer Attitude and Brand : Emotional Aspect. Engineering Economics, 2(52), 65–77. Baruch, Y., & Holtom, B. C. (2008). Survey response rate levels and trends in organizational research. Human Relations, 61(8), 1139–1160. https://doi.org/10.1177/0018726708094863 Baumgartner, H., & Steenkamp, J. B. E. M. (2001). Response styles in marketing research: A cross-national investigation. Journal of Marketing Research, 38(2), 143–156. https://doi.org/10.1509/jmkr.38.2.143.18840 Bernd W. Wirtz. (2020). Public Smart Service Provision in Smart Cities: A Case-Study-Based Approach. 499–516. Biancone, P.P. ; Radwan, M. (2016). European Companies: Evaluation for Sharia Compliance “Opportunities and Challenges.” European Journal of Islamic Finance, 1–8. https://doi.org/http://dx.doi.org/10.13135/2421-2172/1803 Bollen, K. A., & Jackman, R. W. (1989). Democracy, Stability, and Dichotomies. American Sociological Review, 54(4), 612. https://doi.org/10.2307/2095882 Boon, T. H., Yee, H. S., & Ting, H. W. (2011). Financial literacy and personal financial planning in Klang Valley, Malaysia. International Journal of Economics and Management, 5(1), 149–168. Brounen, D., Koedijk, K. G., & Pownall, R. A. J. (2016). Household financial planning and savings behavior. Journal of International Money and Finance, 69(11033), 95–107. https://doi.org/10.1016/j.jimonfin.2016.06.011 Burns, J., & Scapens, R. W. (2000). Conceptualizing management accounting change: An institutional framework. Management Accounting Research, 11(1), 3–25. https://doi.org/10.1006/mare.1999.0119 Chel-Guerrero, L. D., Sauri-Duch, E., Fragoso-Serrano, M. C., Pérez-Flores, L. J., Gómez-Olivares, J. L., Salinas-Arreortua, N., Sierra-Palacios, E. D. C., & Mendoza-Espinoza, J. A. (2018). Phytochemical profile, toxicity, and pharmacological potential of peels from four species of tropical fruits. Journal of Medicinal Food, 21(7), 734–743. https://doi.org/10.1089/jmf.2017.0124 Clark, V. L. P. (2010). The adoption and practice of mixed methods: U.S. trends in federally funded health-related research. Qualitative Inquiry, 16(6), 428–440. https://doi.org/10.1177/1077800410364609 Cohen, L., Manion, L., & Morrison, K. (2017). Validity and reliability. In Research methods in education (pp. 245–284). Routledge. Danes, S. M., & Yang, Y. (2014). Assessment of the use of theories within the journal of financial counseling and planning and the contribution of the family financial socialization conceptual model. Journal of Financial Counseling and Planning, 25(1), 53–68. de Haan, L., & Kakes, J. (2011). Momentum or contrarian investment strategies: Evidence from Dutch institutional investors. Journal of Banking and Finance, 35(9), 2245–2251. https://doi.org/10.1016/j.jbankfin.2011.01.027 Dhlembeu, N. T., Kekana, M. K., & Mpinda, M. F. (2022). The Influence of Financial Literacy on Retirement Planning in South Africa. Southern African Business Review, 26. https://doi.org/10.25159/1998-8125/9490 Diamantopoulos, A., Sarstedt, M., Fuchs, C., Wilczynski, P., & Kaiser, S. (2012). Guidelines for choosing between multi-item and single-item scales for construct measurement: A predictive validity perspective. Journal of the Academy of Marketing Science, 40(3), 434–449. https://doi.org/10.1007/s11747-011-0300-3 Dinc, Y., Çetin, M., Bulut, M., & Jahangir, R. (2021). Islamic financial literacy scale: an amendment in the sphere of contemporary financial literacy. ISRA International Journal of Islamic Finance, 13(2), 251–263. https://doi.org/10.1108/IJIF-07-2020-0156 Dzurec, Laura Cox PhD, R. A. (1993). The nature of inquiry Linking quantitative and qualitative research. 73–79. Eddleston, K. A., & Kidwell, R. E. (2012). The Bad Seed’s Poisonous Harvest: How Offspring Sow and Reap Deviant and Dysfunctional Behavior in the Family Business. In International Studies in Entrepreneurship (Vol. 15). https://doi.org/10.1007/978-1-4614-0911-3_7 Elliott, M. T., & Speck, P. S. (2005). Factors that Affect Attitude Toward a Retail Web Site. Journal of Marketing Theory and Practice, 13(1), 40–51. https://doi.org/10.1080/10696679.2005.11658537 Eno, M. A., Kumar, P., & Hamza, S. H. (2018). Researching ESL motivation: Which skill is learners’ favorite motivator. International Journal of English Research, 4(4), 4–13. F Moksony, R. H. (1990). Small Is Beautiful. The Use And Interpretation Of R2 In Social Research. Szociologiai Szemle (Special Issue), January 1999, 130–138. Fang, E. S. (2014). Islamic finance in global markets: Materialism, ideas and the construction of financial knowledge. Review of International Political Economy, 21(6), 1170–1202. Fazli Sabri, M., & Farhana Zakaria, N. (2015). SOCIAL SCIENCES & HUMANITIES The Influence of Financial Literacy, Money Attitude, Financial Strain and Financial Capability on Young Employees’ Financial Well-being. Pertanika J. Soc. Sci. & Hum, 23(4), 827–848. http://www.pertanika.upm.edu.my/ Fitriyani Pakpahan, E., Jessica, J., Winar, C., & Andriaman, A. (2020). Peran Otoritas Jasa Keuangan (OJK) dalam Mengawasi Maraknya Pelayanan Financial Technology (Fintech) di Indonesia. Jurnal Magister Hukum Udayana (Udayana Master Law Journal), 9(3), 559. https://doi.org/10.24843/jmhu.2020.v09.i03.p08 Ford-Gilboe. (1995). Stories and numbers: Coexistence without compromise. 14–26. Fornell, C., Johnson, M. D., Anderson, E. W., Cha, J., & Bryant, B. E. (1996). rr vr renowned Fornell. Journal of Marketing, 60(4), 7–18. Gudmunson, C. G., & Danes, S. M. (2011). Family Financial Socialization: Theory and Critical Review. Journal of Family and Economic Issues, 32(4), 644–667. https://doi.org/10.1007/s10834-011-9275-y Hair, J. F., Ringle, C. M., & Sarstedt, M. (2013). Partial least squares structural equation modeling: Rigorous applications, better results and higher acceptance. Long Range Planning, 46(1–2), 1–12. Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203 Hair Jr., J. F., Matthews, L. M., Matthews, R. L., & Sarstedt, M. (2017). PLS-SEM or CB-SEM: updated guidelines on which method to use. International Journal of Multivariate Data Analysis, 1(2), 107. https://doi.org/10.1504/ijmda.2017.10008574 Hammond, T. R., Dufort, C., Dissing-Olesen, L., Giera, S., Young, A., Wysoker, A., Walker, A. J., Gergits, F., Segel, M., & Nemesh, J. (2019). Single-cell RNA sequencing of microglia throughout the mouse lifespan and in the injured brain reveals complex cell-state changes. Immunity, 50(1), 253–271. Hassan Al-Tamimi, H. A., & Anood Bin Kalli, A. (2009). Financial literacy and investment decisions of UAE investors. Journal of Risk Finance, 10(5), 500–516. https://doi.org/10.1108/15265940911001402 Hassan, M. K. (2013). Ethical principles of Islamic financial institutions. Journal of Economic Cooperation and Development, 34(1), 63–90. Heale, R., & Twycross, A. (2015). Validity and reliability in quantitative studies. Evidence-Based Nursing, 18(3), 66–67. Hidajat, T., & Hamdani, M. (2017). Measuring Islamic financial literacy. Advanced Science Letters, 23(8), 7173–7176. https://doi.org/10.1166/asl.2017.9321 Huit, G. T. M., Hair, J. F., Proksch, D., Sarstedt, M., Pinkwart, A., & Ringle, C. M. (2018). Addressing endogeneity in international marketing applications of partial least squares structural equation modeling. Journal of International Marketing, 26(3), 1–21. https://doi.org/10.1509/jim.17.0151 Huston, S. J. (2010). Measuring financial literacy. Journal of Consumer Affairs, 44(2), 296–316. Ibrahim, M. A., Mat Nor, A., & Raja Hisham, R. R. I. (2021). Factors influencing Bumiputera contractors’ acceptance of the contractor’s all risk takāful product. ISRA International Journal of Islamic Finance, 13(3), 364–377. https://doi.org/10.1108/IJIF-09-2020-0188 Idris, F. H., Krishnan, K. S. D., & Azmi, N. (2013). Relationship between financial literacy and financial distress among youths in Malaysia-An empirical study. Malaysian Journal of Society and Space, 9(4), 106–117. Ilyana, S., Purna, F. P., & Friantoro, D. (2022). Islamic Financial Literacy and Its Effects on Intention to Use Islamic Bank. Ihtifaz: Journal of Islamic Economics, Finance, and Banking, 4(2), 97–110. https://doi.org/10.12928/ijiefb.v4i2.2622 Ismatulloh, A. M. (2015). Konsep Sakinah, Mawaddah Dan Rahmah Dalam Al-Qur’an (Prespektif Penafsiran Kitab Al-Qur’an Dan Tafsirnya). MAZAHIB. Jurnal Pemikiran Hukum Islam, 14(1), 53–64. Jakobsen, M., & Jensen, R. (2015). Common method bias in public management studies. International Public Management Journal, 18(1), 3–30. https://doi.org/10.1080/10967494.2014.997906 Jamaludin, N. (2013). Religion and Individual Investment Choice Decision : The Case of Malaysia. International Journal of Social Science, 4(1), 104–113. http://ijbssnet.com/journals/Vol_4_No_1_January_2013/12.pdf Jenatabadi, H. S., Ismail, N. A., & Hui, H. (2011). Issues and Challenges Ahead 11-13 July 2011 Department of Geography. Jennifer, T., James, T., Wouter, T., Linguistic, A. Ö., Thewissen, J., & Thewissen, J. (2022). This item is the archived peer-reviewed author-version of : Linguistic errors and investment decisions : the case of ICO white papers Reference : Linguistic errors and investment decisions : The case of ICO white papers Université Saint-Louis Özgür Arslan. Jöreskog, K. G. (1969). A general approach to confirmatory maximum likelihood factor analysis. Psychometrika, 34(2), 183–202. https://doi.org/10.1007/BF02289343 Kamel, A. M., & Sahid, S. (2021). Financial Literacy and Financial Behaviour of University Students in Malaysia. In Turkish Online Journal of Qualitative Inquiry (TOJQI) (Vol. 12, Issue 9). https://www.researchgate.net/publication/354711345 Kankainen, A. (2003). UCPCD: User-centered product concept design. Proceedings of the 2003 Conference on Designing for User Experiences, DUX ’03, June 2003. https://doi.org/10.1145/997078.997087 Kassim, A. A. M., Mohamed, J., Jahari, N. A., & Zain, N. N. M. (2019). Personal Saving Behavior among Muslim Employees. International Journal of Academic Research in Business and Social Sciences, 9(11). https://doi.org/10.6007/ijarbss/v9-i11/6545 Kebede, M., & Kuar, J. (2015). Financial literacy and management of personal finance: A review of recent literatures. Research Journal of Finance and Accounting, 6(13), 92–106. Klein, M. E., Lioy, D. T., Ma, L., Impey, S., Mandel, G., & Goodman, R. H. (2007). Homeostatic regulation of MeCP2 expression by a CREB-induced microRNA. Nature Neuroscience, 10(12), 1513–1514. Kock, N. (2015). Common method bias in PLS-SEM: A full collinearity assessment approach. International Journal of E-Collaboration, 11(4), 1–10. https://doi.org/10.4018/ijec.2015100101 Korkeamäki, L., & Kumpulainen, S. (2019). Interacting with digital documents: A real life study of historians’ task processes, actions and goals. CHIIR 2019 - Proceedings of the 2019 Conference on Human Information Interaction and Retrieval, 35–43. https://doi.org/10.1145/3295750.3298931 Krische, S. D. (2019). Investment Experience, Financial Literacy, and Investment-Related Judgments. Contemporary Accounting Research, 36(3), 1634–1668. https://doi.org/10.1111/1911-3846.12469 Kumar, P., & Hati, A. S. (2021). Review on Machine Learning Algorithm Based Fault Detection in Induction Motors. Archives of Computational Methods in Engineering, 28(3), 1929–1940. https://doi.org/10.1007/s11831-020-09446-w Lajuni, N., Kasuma, J., Yacob, Y., Azali, N. H., Emang, W., & Ismail, M. Bin. (2020). Islamic financial products/services and the intention to use. Malaysian Journal of Consumer and Family Economics, 24, 153–172. Lee, S. T., & Hanna, S. D. (2020). Financial knowledge overconfidence and early withdrawals from retirement accounts. Financial Planning Review, 3(2). https://doi.org/10.1002/cfp2.1091 Lestari, S. D. (2020). Tracking-Publikasi. Liu-Lastres, B., Wen, H., & Huang, W.-J. (2023). A reflection on the Great Resignation in the hospitality and tourism industry. International Journal of Contemporary Hospitality Management, 35(1), 235–249. https://doi.org/10.1108/IJCHM-05-2022-0551 Lorenz, G., Salikutluk, Z., Boda, Z., Jansen, M., & Hewstone, M. (2021). The Link between Social and Structural Integration: Co-and Interethnic Friendship Selection and Social Influence within Adolescent Social Networks. Sociological Science, 8, 371–396. Lusardi, A., & de Bassa Scheresberg, C. (2013). Financial literacy and high-cost borrowing in the United States. National Bureau of Economic Research. Lusardi, A., & Mitchell, O. S. (2008). Planning and financial literacy: How do women fare? American Economic Review, 98(2), 413–417. Lusardi, A., Mitchell, O. S., & Curto, V. (2014). Financial literacy and financial sophistication in the older population. Journal of Pension Economics & Finance, 13(4), 347–366. Marchant, R. (2006). This document is discoverable and free to researchers across the globe due to the work of AgEcon Search . Help ensure our sustainability . ａｃｔｏｒｓＩｎｆｌｕｅｎｃｉｎｇＰｒｉｃｅｏｆＡｇｒｉｃｕｌｔｕｒａｌＰｒｏｄｕｃｔｓａｎｄＳｔａｂｉｌｉｔｙＣｏｕｎｔｅ. AgEcon Search, 11. Mardia. (1970). Measures of multivariate skewness and kurtosis with applications. 57(3), 519–530. Masini, A., & Menichetti, E. (2013). Investment decisions in the renewable energy sector: An analysis of non-financial drivers. In Technological Forecasting and Social Change (Vol. 80, Issue 3). https://doi.org/10.1016/j.techfore.2012.08.003 McNeish, D. (2017). Small Sample Methods for Multilevel Modeling: A Colloquial Elucidation of REML and the Kenward-Roger Correction. Multivariate Behavioral Research, 52(5), 661–670. https://doi.org/10.1080/00273171.2017.1344538 Md M Hossain. (2020). Financial resources, financial literacy and small firm growth: Does private organizations support matter? Journal of Small Business Strategy, 30(2), 35–58. Md Nawi, F. A., Ab Aziz, M. R., & Shahwan, S. (2022). Conceptualizing and Operationalizing Islamic Financial Literacy: a Multidimensional Framework. Advanced International Journal of Banking, Accounting and Finance, 4(11), 12–29. https://doi.org/10.35631/aijbaf.411002 Merriam, S. B. (1995). N of I?: Issues of Validity and Reliability in. PAACE Journal of Lifelong Learning, 4, 51–60. Monticone, C. (2010). How much does wealth matter in the acquisition of financial literacy? Journal of Consumer Affairs, 44(2), 403–422. Moorthy, K., Yee, T. T., T’ing, L. C., & Kumaran, V. V. (2019). Habit and hedonic motivation are the strongest influences in mobile learning behaviours among higher education students in Malaysia. Australasian Journal of Educational Technology, 35(4), 174–191. https://doi.org/10.14742/ajet.4432 Moss, T. W., Payne, G. T., & Moore, C. B. (2014). Strategic Consistency of Exploration and Exploitation in Family Businesses. Family Business Review, 27(1), 51–71. https://doi.org/10.1177/0894486513504434 Mouna, A., & Anis, J. (2017). Financial literacy in Tunisia: Its determinants and its implications on investment behavior. Research in International Business and Finance, 39, 568–577. Nahar, L. (2022). Islamic Microfinance as a Poverty Reduction Tool in Terms of Islamic Finance: An Analysis of the Islami Bank Microfinance Scheme in Bangladesh. CenRaPS Journal of Social Sciences, 4(1), 119–142. https://doi.org/10.46291/cenraps.v4i1.61 Niveditasri, N., & Sanmitha, D. S. (2020). Religious faith and its impact on investment and financial decisions. IOSR Journal Of Humanities And Social Science (IOSR-JHSS, 25(2), 59. https://doi.org/10.9790/0837-2502105559 Ntokozi, A., Tzovas, C. A., & Chalevas, C. G. (2022). Earnings management during financial crisis: The case of Greece. Journal of Accounting and Management Information Systems, 21(2), 200–219. https://doi.org/10.24818/jamis.2022.02003 Nugraha, A. L., Al Hakim, S., Jubaedah, D., Julian, A., & Athoillah, M. A. (2023). Islamic Economic Literacy: A Paradigma Economic Thought In Indonesia. Journal of Islamic Economics and Philanthropy, 6(1), 18. https://doi.org/10.21111/jiep.v6i1.9279 Nurjaya, N., Erlangga, H., Hong, L. Z., & Wijayanti, K. D. (2020). The Effect of Work Stress and Work Conflict on Employees Turnover Intention In Middle Small Micro Enterprises (MSMEs) In South Tangerang Region. International Journal of Educational Administration, Management, and Leadership, 51–62. Obalola, T. O., Audu, R. O., & Danilola, S. T. (2018). Determinants of savings among smallholder farmers in Sokoto South Local Government Area, Sokoto State, Nigeria. Acta Agriculturae Slovenica, 111(2), 341–347. https://doi.org/10.14720/aas.2018.111.2.09 Okuryazarlık, F., Öğrencilerine Yönelik Bir Araştırma Yunus KILIÇ, Ü., Ali ATA, H., Seyrek, İ. H., Ali Ata, D. H., Üniversitesi, G., ve İdari Bilimler Fakültesi, İ., & İbrahim Seyrek, D. H. (n.d.). Muhasebe ve Finansman Dergisi Nisan/2015. Othman, B., Harun, A., Rashid, W., Nazeer, S., Kassim, A., & Kadhim, K. (2019). The influences of service marketing mix on customer loyalty towards Umrah travel agents: Evidence from Malaysia. Management Science Letters, 9(6), 865–876. Paper, W., Sultan, F., Urban, G. L., Shankar, V., Bart, I. Y., Sultan, F., Urban, G. L., Shankar, V., Bart, I. Y., Sultan, F., & Urban, G. L. (2002). MIT Sloan School of Management. December. Podsakoff, P. M., MacKenzie, S. B., Lee, J. Y., & Podsakoff, N. P. (2003). Common Method Biases in Behavioral Research: A Critical Review of the Literature and Recommended Remedies. Journal of Applied Psychology, 88(5), 879–903. https://doi.org/10.1037/0021-9010.88.5.879 Rabbani, M. R. (2022). Fintech innovations, scope, challenges, and implications in Islamic Finance: A systematic analysis. International Journal of Computing and Digital Systems, 13(1), 579–608. https://doi.org/10.12785/IJCDS/130147 Rahim, S. H. A., Rashid, R. A., & Hamed, A. B. (2016). Factor analysis of Islamic financial literacy and its determinants: a pilot study. The European Proceedings of Social Behavioral Sciences, 413–418. Rahman, S. A., Tajudin, A., & Tajuddin, A. F. A. (2018). Determinant Factors of Islamic Financial Literacy In Malaysia. American Journal of Humanities and Social Sciences Research, 2(10), 125–132. www.ajhssr.com Rahmanita, N. D., Kusnendi, K., & Utami, S. A. (2020). Moderating effect of personality traits on the influence of Islamic financial literacy on the implementation of islamic financial planning. The International Journal of Business Review (The Jobs Review), 3(1), 37–46. Rehman, U., Shahnawaz, M. G., Khan, N. H., Kharshiing, K. D., Khursheed, M., Gupta, K., Kashyap, D., & Uniyal, R. (2021). Depression, Anxiety and Stress Among Indians in Times of Covid-19 Lockdown. Community Mental Health Journal, 57(1), 42–48. https://doi.org/10.1007/s10597-020-00664-x Reich, Y. (1994). Special Issue: Research Methodology. Artificial Intelligence for Engineering, Design, Analysis and Manufacturing, 8(4), 261–262. https://doi.org/10.1017/S0890060400000937 Ribaj, A., & Mexhuani, F. (2021). The impact of savings on economic growth in a developing country (the case of Kosovo). Journal of Innovation and Entrepreneurship, 10(1), 1–13. https://doi.org/10.1186/s13731-020-00140-6 Rijal, N. K., & Yasin, Z. (2017). Peluang Ekonomi Syariah pada Era Masyarakat Ekonomi ASEAN. Dauliyah Journal of Islamic and International Affairs, 2(2), 259–278. Rozikin, A. Z., & Sholekhah, I. (2020). Islamic Financial Literacy, Promotion, and Brand Image Towards Saving Intention in Sharia Bank. IQTISHADIA, 13(1), 95. https://doi.org/10.21043/iqtishadia.v13i1.6489 Saifurrahman, A., & Kassim, S. (2021). Islamic Financial Literacy for Indonesian MSMEs during COVID-19 Pandemic: Issues and Importance. Journal of Islamic Finance, 10(1), 45–60. Sarpong-Kumankoma, E. (2023). No Title. 40–50. Sarstedt, M., Henseler, J., & Ringle, C. M. (2011). Multigroup analysis in partial least squares (PLS) path modeling: Alternative methods and empirical results. Advances in International Marketing, 22(January), 195–218. https://doi.org/10.1108/S1474-7979(2011)0000022012 Sayyida, S., Hartini, S., Gunawan, S., & Husin, S. N. (2021). The Impact of the Covid-19 Pandemic on Retail Consumer Behavior. Aptisi Transactions on Management (ATM), 5(1), 79–88. https://doi.org/10.33050/atm.v5i1.1497 Septian, W., Hasnawati, D. S., & Hendrawaty, D. E. (2022). Impact of Behavioral Factors among Indonesian Individual Investor towards Investment Decisions during Covid-19 Pandemic. IOSR Journal of Economics and Finance, 13(1), 43–52. https://doi.org/10.9790/5933-1301044352 Septyanto, D., & Nugraha, I. M. (2021). The Influence of Enterprise Risk Management, Leverage, Firm Size and Profitability on Firm Value in Property and Real Estate Companies Listed on the Indonesian Stock Exchange in 2016-2018. KnE Social Sciences, 2021, 663–680. https://doi.org/10.18502/kss.v5i5.8850 Serido, J., Cities, T., Deenanath, V., & ... (2016). The financial behavior of first-year college students: the power of parenting and self-efficacy. Consumer …, 62, 55108. https://www.consumerinterests.org/assets/docs/CIA/CIA2016/cia_submission serido.pdf Setiawati, R., Nidar, S. R., Anwar, M., & Masyita, D. (2018). Islamic financial literacy: Construct process and validity. Academy of Strategic Management Journal, 17(4), 1–12. Shawtari, F. A., Saiti, B., Razak, S. H. A., & Ariff, M. (2015). The impact of efficiency on discretionary loans/finance loss provision: A comparative study of Islamic and conventional banks. Borsa Istanbul Review, 15(4), 272–282. She, L., Ray, A., & Ma, L. (2023). Future time perspective and consumer well-being of millennials: implications for consumer resilience. International Journal of Bank Marketing, 41(5), 1154–1176. https://doi.org/10.1108/IJBM-08-2022-0341 Shen, Y., Hu, W., & Hueng, C. J. (2018). The effects of financial literacy, digital financial product usage and internet usage on financial inclusion in China. MATEC Web of Conferences, 228. https://doi.org/10.1051/matecconf/201822805012 Soesilowati, E. S. (2010). No TitleBusiness opportunities for halal products in the global market: Muslim consumer behaviour and halal food consumption. Journal of Indonesian Social Sciences and Humanities, 3, 151–160. Spearman, C. (1906). Footrule for measuring correlation. British Journal of Psychology, 2(1), 89. Stepanova, M., Lam, B., Younossi, E., Felix, S., Ziayee, M., Price, J., Pham, H., de Avila, L., Terra, K., Austin, P., Jeffers, T., Escheik, C., Golabi, P., Cable, R., Srishord, M., Venkatesan, C., Henry, L., Gerber, L., & Younossi, Z. M. (2022). The impact of variants and vaccination on the mortality and resource utilization of hospitalized patients with COVID-19. BMC Infectious Diseases, 22(1), 1–11. https://doi.org/10.1186/s12879-022-07657-z Suhartini, T., Muafi, M., Widodo, W., & Suprihanto, J. (2023). The Role of Islamic Psychological Contract on Authentic Leadership and Organizational Commitment. In Lecture Notes in Networks and Systems (Vol. 487, Issue Icbt). https://doi.org/10.1007/978-3-031-08084-5_68 Sulaiman, H. F. B., Gom, D., & Jiony, M. M. (2021). Labuan bulletin of international business & finance. Jel Classification, 20(1), 49–63. Sullivan, G. M., & Feinn, R. (2012). Using Effect Size—or Why the P Value Is Not Enough . Journal of Graduate Medical Education, 4(3), 279–282. https://doi.org/10.4300/jgme-d-12-00156.1 Taylor, J., & Tibshirani, R. J. (2015). Statistical learning and selective inference. Proceedings of the National Academy of Sciences of the United States of America, 112(25), 7629–7634. https://doi.org/10.1073/pnas.1507583112 Tenenhaus, M., Vinzi, V. E., Chatelin, Y. M., & Lauro, C. (2005). PLS path modeling. Computational Statistics and Data Analysis, 48(1), 159–205. https://doi.org/10.1016/j.csda.2004.03.005 Trochim, W. M., Cabrera, D. A., Milstein, B., Gallagher, R. S., & Leischow, S. J. (2006). Practical challenges of systems thinking and modeling in public health. American Journal of Public Health, 96(3), 538–546. https://doi.org/10.2105/AJPH.2005.066001 Umar, Z. (n.d.). The static and dynamic connectedness of environmental, social, and governance investments: International evidence. 2020, 112–124. Van Rooij, M., Lusardi, A., & Alessie, R. (2009). DNB Working Paper Financial Literacy and Retirement Planning in the Netherlands. Vogt, C. C., & Cottrell, G. W. (1999). Fusion via a linear combination of scores. Information Retrieval, 1(3), 151–173. https://doi.org/10.1023/A:1009980820262 Voorhees. (2016). Discriminant validity testing in marketing: an analysis, causes for concern, and proposed remedies. 44, 119–134. Widiyastuti, S. M., & Widijantoro, J. (2019). The role of financial services authority in the consumer protection amid the growth of fintech industry in Indonesia. Mimbar Hukum-Fakultas Hukum Universitas Gadjah Mada, 31(2), 297–308. Xiao, J. J. (2008). Applying behavior theories to financial behavior. In Handbook of consumer finance research (pp. 69–81). Springer. Yew, S. Y., Yong, C. C., Cheong, K. C., & Tey, N. P. (2017). Does financial education matter? Education literacy among undergraduates in Malaysia. Institutions and Economies, 9(1), 43–60. Zaman, Z., Mehmood, B., Aftab, R., Shahid, M., & Ameen, Y. (2017). Role of Islamic Financial Literacy in the Adoption of Islamic Banking Services: An Empirical Evidence from Lahore, Pakistan. Journal of Islamic Business and Management (JIBM), 7(2), 230–247. https://doi.org/10.26501/jibm/2017.0702-006 Zhang, J., Long, J., & von Schaewen, A. M. E. (2021). How does digital transformation improve organizational resilience?—findings from pls-sem and fsqca. Sustainability (Switzerland), 13(20), 1–22. https://doi.org/10.3390/su132011487 Zikmund-Fisher, B. J., Hofer, T. P., Klamerus, M. L., & Kerr, E. A. (2009). First Things First. The Patient: Patient-Centered Outcomes Research, 2(4), 221–231.

Impact of Islamic Financial Literacy on savings on investment Decisions: The Individual Attitude effect

Similar Items