Measuring Islamic Financial Literacy

Hidajat, Taofik and Hamdani, Muliawan Measuring Islamic Financial Literacy. Advanced Science Letters. ISSN 1936-7317

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Abstract

In the progress of Islamic finance that is increasing rapidly, until the present there is no measuring instrument that can be used to assess a person’s level of financial literacy from perspective of Islamic financial products or services. It is different from conventional financial literacy measurements that have several measuring instru- ments and continue to experience improvements. The need for the measurement tools of Islamic finance is a major issue because the conventional measurement of financial literacy, which currently still using the conven- tional financial knowledge is not appropriate when it is used to measure Islamic financial literacy. The absence of a measuring tool of Islamic financial literacy is an important issue because of financial literacy proved to be a positive influence on decisions and financial behavior. Thus, the existence of a measuring tool of Islamic financial literacy is important because it can be used to measure a person’s level of financial literacy on Islamic financial products or services. On that basis, this paper is written as a conceptual framework to grow and increase the level of financial literacy on Islamic perspective. As is the case with conventional financial literacy index, the results to be obtained are the Islamic financial literacy index would be useful to determine the level of literacy of the Islamic financial products or services.

Item Type: Article
Subjects: H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Taofik Hidajat
Date Deposited: 06 Jun 2020 05:07
Last Modified: 06 Jun 2020 05:07
URI: http://eprints.stiebankbpdjateng.ac.id/id/eprint/155

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