Proceedings of the 3rd International Colloquium on Interdisciplinary Islamic Studies, ICIIS 2020, 20-21 October 2020, Jakarta, Indonesia

Research Article

Characteristics of Islamic Financial Literacy based on Demographic and Religiosity

Download333 downloads
  • @INPROCEEDINGS{10.4108/eai.20-10-2020.2305162,
        author={Djubaedi  Yunus and Ahmad  Rodoni and Riris Aishah Prasetyowati and Amin  Suma and AM. Hasan Ali and Umar  Al-Haddad},
        title={Characteristics of Islamic Financial Literacy based on Demographic and Religiosity},
        proceedings={Proceedings of the 3rd International Colloquium on Interdisciplinary Islamic Studies, ICIIS 2020, 20-21 October 2020, Jakarta, Indonesia},
        publisher={EAI},
        proceedings_a={ICIIS},
        year={2021},
        month={4},
        keywords={sem-pls demographic religiosity and islamic financial literacy},
        doi={10.4108/eai.20-10-2020.2305162}
    }
    
  • Djubaedi Yunus
    Ahmad Rodoni
    Riris Aishah Prasetyowati
    Amin Suma
    AM. Hasan Ali
    Umar Al-Haddad
    Year: 2021
    Characteristics of Islamic Financial Literacy based on Demographic and Religiosity
    ICIIS
    EAI
    DOI: 10.4108/eai.20-10-2020.2305162
Djubaedi Yunus1,*, Ahmad Rodoni1, Riris Aishah Prasetyowati1, Amin Suma1, AM. Hasan Ali1, Umar Al-Haddad1
  • 1: Syarif Hidayatullah State Islamic University of Jakarta, Indonesia
*Contact email: ydjubaedi@gmail.com

Abstract

This paper is the first part of the dissertation with the title Demographic and Religiosity Factors as well as Their Implications for Islamic Financial Literacy. The method used in this study is a quantitative method using statistical data analysis techniques Structural Equation Model - Partial Least Square (SEM-PLS). The result of this research is Islamic financial literacy characteristics of product and service knowledge, counting skills, attitudes and behavior, delivery channel, resources, and reference reflected latent variable of Islamic financial literacy and demographic characteristics of gender, age, education, and income expenditure are reflected by a latent variable of demographic, and religiosity characteristics of monotheism, rituals, muamalah, morals, and experience are reflected by a latent variable of religiosity. Accordingly, characteristics of Islamic financial literacy, demographic, and religiosity could be used by stakeholders in the Islamic financial industry to socialize the product and services globally and nationally in developing business and marketing strategies, which prioritize financial literacy and inclusion and financial education strategies according to the level developed by financial institutions.