Cover Image

Financial literacy: an exploratory review of the literature and future research

There are voluminous literatures written on financial literacy or financial knowledge. Since there is a renewed interest in Islamic finance, this article provides an account of reviews on current financial literacy studies in particular studies with respect to Islamic financial products. It was seve...

Full description

Saved in:
Bibliographic Details
Main Authors: Mohamad Azmi Abdullah, Rosita Chong
Format: Article
Language:English
English
Published: UiTM Press 2014
Subjects:
HB Economic theory. Demography
HG Finance
Online Access:https://eprints.ums.edu.my/id/eprint/27890/1/Financial%20literacy_%20an%20exploratory%20review%20of%20the%20literature%20and%20future%20research%20ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/27890/2/Financial%20literacy%20an%20exploratory%20review%20of%20the%20literature%20and%20future%20research%20FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/27890/
http://myjms.mohe.gov.my/index.php/JEEIR/article/view/9631/4496
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.ums.eprints.27890
record_format eprints
spelling my.ums.eprints.278902021-07-07T07:15:17Z https://eprints.ums.edu.my/id/eprint/27890/ Financial literacy: an exploratory review of the literature and future research Mohamad Azmi Abdullah Rosita Chong HB Economic theory. Demography HG Finance There are voluminous literatures written on financial literacy or financial knowledge. Since there is a renewed interest in Islamic finance, this article provides an account of reviews on current financial literacy studies in particular studies with respect to Islamic financial products. It was several years ago when the Governor of Central Bank of Malaysia pointed out that in order to make Islamic financial products acceptable to a wider spectrum of investors and business people alike, financial literacy on Islamic financial products need to be enhanced. This is in order to facilitate transactions, with a clear understanding and appreciation of the unique characteristics and features of Islamic finance and its real economic value. Nevertheless, Kayed (2008) in his paper posed a pertinent question enquiring if there are any attempts by the research community to assess levels of Islamic financial literacy in various Muslim communities.In addition, another question was put forth by Ahmad (2010) on the importance of Islamic financial literacy. These two questions have actually motivated the current study to review available literatures on financial literacy main focus on the Islamic financial literacy. The objectives of this study are to determine if there are sufficient studies available on financial literacy with respect to Islamic financial products and services, as well as to examine if there are sufficient studies on the differences in the factors that affect financial literacy of people. The implications and recommendations are then put forward for future research. UiTM Press 2014 Article PeerReviewed text en https://eprints.ums.edu.my/id/eprint/27890/1/Financial%20literacy_%20an%20exploratory%20review%20of%20the%20literature%20and%20future%20research%20ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/27890/2/Financial%20literacy%20an%20exploratory%20review%20of%20the%20literature%20and%20future%20research%20FULL%20TEXT.pdf Mohamad Azmi Abdullah and Rosita Chong (2014) Financial literacy: an exploratory review of the literature and future research. Journal of Emerging Economies and Islamic Research, 2 (3). pp. 32-41. ISSN 2289-2559 http://myjms.mohe.gov.my/index.php/JEEIR/article/view/9631/4496 10.24191/jeeir.v2i3.9631
institution Universiti Malaysia Sabah
building UMS Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sabah
content_source UMS Institutional Repository
url_provider http://eprints.ums.edu.my/
language English
English
topic HB Economic theory. Demography
HG Finance
spellingShingle HB Economic theory. Demography
HG Finance
Mohamad Azmi Abdullah
Rosita Chong
Financial literacy: an exploratory review of the literature and future research
description There are voluminous literatures written on financial literacy or financial knowledge. Since there is a renewed interest in Islamic finance, this article provides an account of reviews on current financial literacy studies in particular studies with respect to Islamic financial products. It was several years ago when the Governor of Central Bank of Malaysia pointed out that in order to make Islamic financial products acceptable to a wider spectrum of investors and business people alike, financial literacy on Islamic financial products need to be enhanced. This is in order to facilitate transactions, with a clear understanding and appreciation of the unique characteristics and features of Islamic finance and its real economic value. Nevertheless, Kayed (2008) in his paper posed a pertinent question enquiring if there are any attempts by the research community to assess levels of Islamic financial literacy in various Muslim communities.In addition, another question was put forth by Ahmad (2010) on the importance of Islamic financial literacy. These two questions have actually motivated the current study to review available literatures on financial literacy main focus on the Islamic financial literacy. The objectives of this study are to determine if there are sufficient studies available on financial literacy with respect to Islamic financial products and services, as well as to examine if there are sufficient studies on the differences in the factors that affect financial literacy of people. The implications and recommendations are then put forward for future research.
format Article
author Mohamad Azmi Abdullah
Rosita Chong
author_facet Mohamad Azmi Abdullah
Rosita Chong
author_sort Mohamad Azmi Abdullah
title Financial literacy: an exploratory review of the literature and future research
title_short Financial literacy: an exploratory review of the literature and future research
title_full Financial literacy: an exploratory review of the literature and future research
title_fullStr Financial literacy: an exploratory review of the literature and future research
title_full_unstemmed Financial literacy: an exploratory review of the literature and future research
title_sort financial literacy: an exploratory review of the literature and future research
publisher UiTM Press
publishDate 2014
url https://eprints.ums.edu.my/id/eprint/27890/1/Financial%20literacy_%20an%20exploratory%20review%20of%20the%20literature%20and%20future%20research%20ABSTRACT.pdf
https://eprints.ums.edu.my/id/eprint/27890/2/Financial%20literacy%20an%20exploratory%20review%20of%20the%20literature%20and%20future%20research%20FULL%20TEXT.pdf
https://eprints.ums.edu.my/id/eprint/27890/
http://myjms.mohe.gov.my/index.php/JEEIR/article/view/9631/4496
_version_ 1760230648194269184
score 13.211869

Similar Items