Determinant factors that influence financial literacy amongst young Muslims generation

• 第一著者: Mohd Najib, Azaari
• フォーマット: 学位論文
• 言語: 英語
• 出版事項: 2022
• 主題: HG Finance; HM Sociology.
• オンライン･アクセス: https://etd.uum.edu.my/10251/1/s824110_01.pdf

This research aims to determine the factors that influence financial literacy amongst young Muslims generation. As reported in 2018 alone 47% or 2971 divorce cases out of 6901 cases are due to financial problems. The causes of divorce among young couples are that they make marriage a trend without having strong financial planning and the couple is too young. Besides, parents and peers have an important role to wisely advocate young couples in regards to the fundamental values in marriage institutions as most of the couples lacking of underlying principles that are empirical according to Islam and beliefs. Therefore, the objectives of this research are to examine the factors that contribute to financial literacy amongst young couples and to identify the relationship between the determining factors and the level of financial literacy as well as to identify the correlation between the determining factors and the level of financial literacy. This research uses a quantitative methodology and the data obtained from questionnaires were distributed by using stratified random sampling to the participant from the pre-marriage course around the district of Ipoh. The primary data was analysed using SPSS version 23.0. The correlation analysis result shows that all variables have a significant linear relationship since the p-value is below 0.01 (p < 0.01). The regression result also displayed a strongly significant t-value of 9.999 (financial knowledge), 2.939 (social influence) and 4.919 (underlying principle). Therefore, all these variables influenced the level of financial literacy among respondents and correlated in a positive direction. Therefore, the findings of this research showed that independent variables; financial knowledge, social influence and underlying principle have a significant relationship with the level of financial literacy amongst young Muslim generation. This research is restricted only in the district of Ipoh. Hence, the future research may expand to the state of Perak including the other races and use both qualitative and quantitative methods.