ADPEBI International Journal of Business and Social Science
Vol. 4 No. 2 (2024)

Financial Literacy as Mediates of Financial Attitude And Intention To Invest in Shariah

Utami, Eristy Minda (Unknown)
Yuliani, Reva (Unknown)
Fatihat, Gita Genia (Unknown)



Article Info

Publish Date
19 Oct 2024

Abstract

Purpose – The primary goal of this investigation is to examine the intervening effect of financial literacy on the explanation of the link among financial attitude and the intent of Generation Z to make investments in Sharia-compliant financial products. Indonesia is progressively acknowledging the importance of investment in financial planning, which is being stimulated by the general public and breakthroughs in financial technology. However, Generation Z exhibits low investment intentions, necessitating efforts to enhance financial literacy and modify consumerist financial attitudes. Methodology/approach – This research employs an online survey targeting high school students at Al-Quran Qiroatusab'ah Islamic Boarding School (Madrasah Aliyah). Data on financial attitudes, financial literacy, and investment intentions were collected and analyzed using Structural Equation Modeling with Partial Least Squares (PLS). Findings – The study reveals that high school students financial attitudes significantly influence their financial literacy and investment intentions. The findings indicate that enhanced financial literacy positively impacts their intention to invest in Sharia-compliant financial products. Novelty/value – The research offers a comprehensive analysis of the interplay between financial literacy, financial attitudes, and investment intentions among students in Sharia banking at Islamic boarding schools in Indonesia, utilizing SEM-PLS methodology. This study provides insights into improving investment intentions through targeted financial literacy programs.

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Journal Info

Abbrev

IJBS

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Social Sciences

Description

ADPEBI International Journal of Business and Social Science (AIJBS) is a peer-reviewed economic journal serving as a forum for Business Economics Scholars concerning to area of Accounting, Banking, Economics, Entrepreneurship, Finance, Human Resources Management, and Management. This open accessed ...