Psychosocial factors and gender influencing the level of Islamic financial literacy

The purpose of this study is to assess the level of Islamic financial literacy among the undergraduate students of Islamic finance and banking in Universiti Utara Malaysia. It aims to examine the influence of psychosocial factors which are hopelessness, religiosity and financial satisfaction as wel...

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Main Author:	Siti Hafizah, Abdul Rahim
Format:	Thesis
Language:	eng eng
Published:	2014
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4129/1/s814567.pdf https://etd.uum.edu.my/4129/7/s814567_abstract.pdf
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id	my-uum-etd.4129
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Ab. Rashid, Rosemaliza
topic	HG Finance
spellingShingle	HG Finance Siti Hafizah, Abdul Rahim Psychosocial factors and gender influencing the level of Islamic financial literacy
description	The purpose of this study is to assess the level of Islamic financial literacy among the undergraduate students of Islamic finance and banking in Universiti Utara Malaysia. It aims to examine the influence of psychosocial factors which are hopelessness, religiosity and financial satisfaction as well as gender towards Islamic financial literacy. Hypothesized relationships are tested using survey response from a sample of 200 respondents. The result of this study shows that the level of Islamic financial literacy of the respondents is high. A significant difference in Islamic financial literacy is found between the respondents according to the gender and the respondents‟ year of study. Specifically, male have a higher level of Islamic financial literacy compared to female. Meanwhile, the third year‟s students have a higher level of Islamic financial literacy compared to first year and second year students. Additionally, the result indicates that there is a significant relationship between psychosocial factors and Islamic financial literacy. Moreover, it is found that the religiosity, hopelessness and gender have a significant influence towards Islamic financial literacy. Thus, this study suggests that it is important for the community, university administrators, government and financial advisor to increase the level of Islamic financial literacy by implementing various Islamic financial education programmes. Lastly, this study is considered as one of the studies that have contributed to the literature by developing understanding of Islamic financial literacy. More research related to Islamic financial literacy is suggested to be conducted for future research.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Siti Hafizah, Abdul Rahim
author_facet	Siti Hafizah, Abdul Rahim
author_sort	Siti Hafizah, Abdul Rahim
title	Psychosocial factors and gender influencing the level of Islamic financial literacy
title_short	Psychosocial factors and gender influencing the level of Islamic financial literacy
title_full	Psychosocial factors and gender influencing the level of Islamic financial literacy
title_fullStr	Psychosocial factors and gender influencing the level of Islamic financial literacy
title_full_unstemmed	Psychosocial factors and gender influencing the level of Islamic financial literacy
title_sort	psychosocial factors and gender influencing the level of islamic financial literacy
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2014
url	https://etd.uum.edu.my/4129/1/s814567.pdf https://etd.uum.edu.my/4129/7/s814567_abstract.pdf
_version_	1776103632447471616
spelling	my-uum-etd.41292023-01-15T02:54:02Z Psychosocial factors and gender influencing the level of Islamic financial literacy 2014 Siti Hafizah, Abdul Rahim Ab. Rashid, Rosemaliza Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance The purpose of this study is to assess the level of Islamic financial literacy among the undergraduate students of Islamic finance and banking in Universiti Utara Malaysia. It aims to examine the influence of psychosocial factors which are hopelessness, religiosity and financial satisfaction as well as gender towards Islamic financial literacy. Hypothesized relationships are tested using survey response from a sample of 200 respondents. The result of this study shows that the level of Islamic financial literacy of the respondents is high. A significant difference in Islamic financial literacy is found between the respondents according to the gender and the respondents‟ year of study. Specifically, male have a higher level of Islamic financial literacy compared to female. Meanwhile, the third year‟s students have a higher level of Islamic financial literacy compared to first year and second year students. Additionally, the result indicates that there is a significant relationship between psychosocial factors and Islamic financial literacy. Moreover, it is found that the religiosity, hopelessness and gender have a significant influence towards Islamic financial literacy. Thus, this study suggests that it is important for the community, university administrators, government and financial advisor to increase the level of Islamic financial literacy by implementing various Islamic financial education programmes. Lastly, this study is considered as one of the studies that have contributed to the literature by developing understanding of Islamic financial literacy. More research related to Islamic financial literacy is suggested to be conducted for future research. 2014 Thesis https://etd.uum.edu.my/4129/ https://etd.uum.edu.my/4129/1/s814567.pdf text eng public https://etd.uum.edu.my/4129/7/s814567_abstract.pdf text eng public masters masters Universiti Utara Malaysia Ahmad, M. (2010). Why Islamic financial literacy is important. Personal Money, pp. 46. Alam, S.S., Mohd, R., & Hisham, B. (2011). Is religiosity an important determinant on Muslim consumer behaviour in Malaysia?. Journal of Islamic Marketing. 2(1), pp. 83-96. Ali, A., Rahman, M.S.A. & Bakar, A. (2013). Financial Literacy and Satisfaction in Malaysia: A Pilot Study. International Journal of Trade, Economics and Finance, 4(5). pp. 319-324. Al-Tamimi, H.A.H. , & Kalli, A.A.B. (2009). Financial literacy and investment decisions of UAE investors. The Journal of Risk Finance, 10(5), pp. 500-516. Ansong, A., & Gyensare, M. A. (2013). 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Psychosocial factors and gender influencing the level of Islamic financial literacy

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