Cover Image

The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims

This study examines the effects of religiosity and Islamic financial literacy on Muslims’ financial behavior and well-being. Additionally, it investigates the impact of sociodemographic variables on the centrality of religiosity, financial literacy, financial management behavior, and the well-bei...

Full description

Saved in:
Bibliographic Details
Main Authors: Wijaya, Haykal Rafif, Hijrah Hati, Sri Rahayu, Ekaputra, Irwan Adi, Kassim, Salina
Format: Article
Language:English
English
Published: Springer Nature 2024
Subjects:
HG Finance
HG179 Personal finance
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/116843/7/116843_%20The%20impact%20of%20religiosity.pdf
http://irep.iium.edu.my/116843/8/116843_%20The%20impact%20of%20religiosity_Scopus.pdf
http://irep.iium.edu.my/116843/
https://www.nature.com/articles/s41599-024-03309-6
https://doi.org/10.1057/s41599-024-03309-6
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.116843
record_format dspace
spelling my.iium.irep.1168432024-12-19T04:05:58Z http://irep.iium.edu.my/116843/ The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims Wijaya, Haykal Rafif Hijrah Hati, Sri Rahayu Ekaputra, Irwan Adi Kassim, Salina HG Finance HG179 Personal finance HG3368 Islamic Banking and Finance This study examines the effects of religiosity and Islamic financial literacy on Muslims’ financial behavior and well-being. Additionally, it investigates the impact of sociodemographic variables on the centrality of religiosity, financial literacy, financial management behavior, and the well-being of Muslim consumers. This research integrates perspectives from Rational Choice Theory, the Rational Choice Theory of Religion, and Behavioral Finance to illuminate the mechanisms behind these relationships. Data were collected through a nonprobability sampling method from 1141 Muslim individuals aged between 18 and 65 living in Indonesia. The results indicate that the centrality of religion in the lives of Muslim consumers and Islamic financial literacy significantly affects their financial management behavior and financial well-being. However, the empirical evidence suggests a more substantial effect of Islamic financial literacy than religiosity on both dependent variables. Springer Nature 2024-06-25 Article PeerReviewed application/pdf en http://irep.iium.edu.my/116843/7/116843_%20The%20impact%20of%20religiosity.pdf application/pdf en http://irep.iium.edu.my/116843/8/116843_%20The%20impact%20of%20religiosity_Scopus.pdf Wijaya, Haykal Rafif and Hijrah Hati, Sri Rahayu and Ekaputra, Irwan Adi and Kassim, Salina (2024) The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims. HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS, 11 (1). pp. 1-13. ISSN 2662-9992 https://www.nature.com/articles/s41599-024-03309-6 https://doi.org/10.1057/s41599-024-03309-6
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HG Finance
HG179 Personal finance
HG3368 Islamic Banking and Finance
spellingShingle HG Finance
HG179 Personal finance
HG3368 Islamic Banking and Finance
Wijaya, Haykal Rafif
Hijrah Hati, Sri Rahayu
Ekaputra, Irwan Adi
Kassim, Salina
The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims
description This study examines the effects of religiosity and Islamic financial literacy on Muslims’ financial behavior and well-being. Additionally, it investigates the impact of sociodemographic variables on the centrality of religiosity, financial literacy, financial management behavior, and the well-being of Muslim consumers. This research integrates perspectives from Rational Choice Theory, the Rational Choice Theory of Religion, and Behavioral Finance to illuminate the mechanisms behind these relationships. Data were collected through a nonprobability sampling method from 1141 Muslim individuals aged between 18 and 65 living in Indonesia. The results indicate that the centrality of religion in the lives of Muslim consumers and Islamic financial literacy significantly affects their financial management behavior and financial well-being. However, the empirical evidence suggests a more substantial effect of Islamic financial literacy than religiosity on both dependent variables.
format Article
author Wijaya, Haykal Rafif
Hijrah Hati, Sri Rahayu
Ekaputra, Irwan Adi
Kassim, Salina
author_facet Wijaya, Haykal Rafif
Hijrah Hati, Sri Rahayu
Ekaputra, Irwan Adi
Kassim, Salina
author_sort Wijaya, Haykal Rafif
title The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims
title_short The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims
title_full The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims
title_fullStr The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims
title_full_unstemmed The impact of religiosity and financial literacy on financial management behavior and well-being among Indonesian Muslims
title_sort impact of religiosity and financial literacy on financial management behavior and well-being among indonesian muslims
publisher Springer Nature
publishDate 2024
url http://irep.iium.edu.my/116843/7/116843_%20The%20impact%20of%20religiosity.pdf
http://irep.iium.edu.my/116843/8/116843_%20The%20impact%20of%20religiosity_Scopus.pdf
http://irep.iium.edu.my/116843/
https://www.nature.com/articles/s41599-024-03309-6
https://doi.org/10.1057/s41599-024-03309-6
_version_ 1819909404139454464
score 13.223943

Similar Items