Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies
Vol 18, No 1: June 2022

Determinants of Islamic Financial Literacy Index: Comparison Based on Ethnographic Studies in Yogyakarta, Indonesia

Miftakhul Khasanah (Universitas Muhammadiyah Yogyakarta)
Rizki Aminullah (Universitas Muhammadiyah Yogyakarta)
Dewi Setianingsih (Universitas Muhammadiyah Yogyakarta)



Article Info

Publish Date
26 Jul 2022

Abstract

This paper aims to determine the level of Islamic financial literacy (IFL) and identify factors that have a relationship and influence on the level of IFL in various communities. The research was conducted because there have been inconsistencies in previous studies regarding the factors that influence the level of financial literacy, both general and Islamic financial literacy. Demographic factors such as gender, education level, and income level are often used in this type of research. This paper is compiled in two steps with mixed method. The first calculates the IFL index level, and the second analyzes the factors affecting the IFL index level using ethnographic studies. Islamic financial literacy indicators consist of knowledge, skills, beliefs, attitudes, and behavior based on the aspects of religiosity and Maqasid al-Shari'ah. The factors that influence the Islamic financial literacy index are determined using ethnographic studies. The result is the education level affects the financial literacy index in one community. But the results will be different when different communities are compared. One of the influencing factors is the financial socialization agent, and this is very closely related to the political socialization theory. In this case, the Bank or Islamic financial institution acts as a potential agent.

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Journal Info

Abbrev

afkaruna

Publisher

Subject

Education

Description

Jurnal Afkaruna is an Indonesian bilingual journal published by the Faculty of Islamic Studies, Muhammadiyah University of Yogyakarta. The journal publishes empirically grounded and multidisciplinary work on Islam and its related issues, spanning the history, Quranic studies, Exegesis, tradition, ...