Al-Kharaj: Journal of Islamic Economic and Business
Vol. 5 No. 4 (2023): All articles in this issue include authors from 3 countries of origin (Indonesi

Does Reading Increase the Younger Generation's Intention to Use Islamic Non-Bank Financial Products?

Windari, Windari (Unknown)
Hardana, Ali (Unknown)
R Hutagalung, Muhammad Wandisyah (Unknown)
Lestari, Sry (Unknown)
Fitrah, Fitrah (Unknown)



Article Info

Publish Date
26 Dec 2023

Abstract

Islamic financial institutions have traditionally been dominated by the banking sector. Non-Bank Financial Institutions (NBFIs) actually offer options to meet the various financial needs of the general people. A highly potential target market for Islamic Non-Bank Financial Institutions is the younger Muslim population. This study aims to investigate the potential impact of literacy on young Muslims' inclination to use products offered by non-bank financial institutions. This study uses a quantitative approach using simple linear regression analysis on 138 Muslim youth in North Sumatra. The results of the study demonstrate that the intentions of the younger generation of Muslims to utilize products from Islamic Non-Bank Financial Institutions are positively and significantly influenced by literacy. The official and informal forms of education and socialization play a significant role in increasing the literacy rate of the younger Muslim generations.

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Journal Info

Abbrev

alkharaj

Publisher

Subject

Economics, Econometrics & Finance

Description

Al-Kharaj, Journal of Islamic Economic and Business is peer-reviewed journal published by program studi ekonomi syariah , Institut Agama Islam Negeri (IAIN) Palopo. Al-Kharaj focus on the research of Islamic Economic and Business. The aims of this journal is to explore and develop economic related ...