The Influence of Islamic Financial Literacy on Behavior and Decisions to Invest in Gold Instruments
| Autor: | Muhammad Daud bin Mahmud, Muh. Sajjaj Sudirman, Fahria Jufri |
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| Jazyk: | English<br />Indonesian |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | Al-tijary, Vol 9, Iss 2 (2024) |
| Druh dokumentu: | article |
| ISSN: | 2460-9404 2460-9412 |
| DOI: | 10.21093/at.v9i2.8053 |
| Popis: | This study aims to investigate how gold investing decisions and behavior are affected by Islamic financial literacy. From a population of 31,119 people, 100 respondents from Morotai Island Regency in North Maluku Province were selected as the sample using the purposive sampling technique, with a 0.05 error tolerance. By testing the outer model and inner model, partial least square-structural equation modeling is applied as a data analysis tool. Only 2 of the 9 indicators used to measure the proposed Islamic financial literacy variable met the requirements. Both investment decisions and behavior variable indicators have 3 and 4 qualified indicators, respectively. Several previous studies have used a general measure of financial literacy, but this study measures financial literacy with a specific Islamic financial literacy scale. The results of this study prove that Islamic financial literacy has a positive influence on a person's behavior and his/her decision to invest using gold investment instruments. People who are well-literate in Islamic finance will have an impact on their investing behavior, which will allow them to make wise investment decisions and improve their financial well-being. |
| Databáze: | Directory of Open Access Journals |
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