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Rasiady, Vianca Annabel
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CAN ISLAMIC FINANCIAL LITERACY, RELIGIOSITY, AND FINANCIAL STRESS SHAPE FINANCIAL BEHAVIOR AND WELL-BEING IN HOUSEHOLD FINANCIAL? Firmansyah, Rizky; Kurniawan, Dediek Tri; Rasiady, Vianca Annabel
EL DINAR: Jurnal Keuangan dan Perbankan Syariah Vol 14, No 1 (2026): El Dinar
Publisher : Faculty of Economics Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/ed.v14i1.36269

Abstract

This study examines how Islamic financial behaviour moderates the effects of religiosity, Islamic financial literacy, and financial stress on financial well-being. Data from 247 respondents were collected and analyzed using SEM-PLS. It was found that Islamic financial literacy improves Islamic financial behaviour; however, it had no significant effect on financial well-being. The impact of religiosity is felt on Islamic financial behaviour and not on financial well-being. Financial stress is considered detrimental to financial well-being, whereas Islamic financial behaviour is negligible. Islamic financial behaviour is positively associated with financial well-being. Hence, there is a need to develop Islamic financial literacy and religiosity to positively influence Islamic financial behaviour and increase the financial well-being of Muslim households in Indonesia