Financial Literacy, Personal Financial Attitude, and Forms of Personal Debt among Residents of the UAE

Ibrahim, Mohamed E.; Alqaydi, Fatima R.

doi:10.5539/ijef.v5n7p126

Cited by 61 publications

(49 citation statements)

References 15 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…In the study, Al- Tamimi and Kalli (2009) found that financial literacy significantly influence the investment decisions of individual investors, which it relates to the use of financial services as the dependent variable. The different things are the researches, which are not consistent with Alqayadi Ibrahim (2013), which states that financial literacy is not a significant effect on the use of financial services. This is due to the policy in the country where the study sample (Alqayadi Ibrahim, 2013) is a non-resident population and the United Arab Emirates.…”

Section: Discussionmentioning

confidence: 81%

The Impact of Literacy to Shariah Financial Service Preferences

Sardiana

2016

Etikonomi

View full text Add to dashboard Cite

The purpose of this study was to determine whether the Islamic financial literacy and the indicator as the knowledge, ability or skills and the confidence have a significant effect together and partially to the preferences of using the Islamic financial services. This type of research is descriptive research, while the method of analysis used in this study is the method of binary logistic regression analysis. The data used is primary data by the method of distributing questionnaires to users and non-users of Islamic financial services in Jakarta spread to the period April to May 2014. The results of this study indicate that Islamic financial literacy significant influence preference use Islamic financial services. In further testing, the knowledge indicator is partially significant toward the preferences of the use of Islamic financial services, as for indicators of ability and confidence does not affect the preferences of the use of Islamic financial servicesDOI: 10.15408/etk.v15i1.3115

show abstract

Section: Discussionmentioning

confidence: 81%

The Impact of Literacy to Shariah Financial Service Preferences

Sardiana

2016

Etikonomi

View full text Add to dashboard Cite

show abstract

“…Financial literacy is the combination of investors' understanding of financial products and principles and their ability and dependability to consider financial risks and opportunities and make informed choices to take effective decisions aimed at improving their financial well-being (Ibrahim & Alqaydi, 2013). Furthermore, financial literacy is the ability to comprehend how money works in our daily lives and how people manage to invest it and how they offer it to each other.…”

Section: Literature Review 21 Definition and Concept Of Investment Amentioning

confidence: 99%

Financial Literacy and Investment Decisions Among Traders in the Techiman Municipality

2019

RJFA

View full text Add to dashboard Cite

The goal of this study was to explore financial literacy and investment decisions among traders in the Techiman Municipality. A sample size of 150 respondents selected for the study. Convenience sampling technique was employed for the study. Questionnaire was employed for the study. Based on the findings it was established that traders lack knowledge in investment. Most of the respondents did not understand the concept of liquidity which describes the extent to which an asset can be promptly bought or sold in the market without affecting the asset's price. Additionally, the study indicated a strong positive relationship between financial literacy and investment decisions. It was realized that that 38.5% of the variations in the investment decisions are accounted for by the changes in the financial knowledge of the trader. The study recommended that more financial literacy programmes should be organized by the financial institution to create awareness. The government should also include financial literacy in the educational curriculum of the basic or elementary schools and higher learning institutions.

show abstract

“…In the Arab environment, Ibrahim and Alqaydi (2013) studied financial literacy among a sample of residents in the United Arab Emirates and its relationship with personal debt. Their results pointed to the average level of financial literacy in UAE were lower than the average level reported in the literature.…”

Section: Financial Literacy and Its Consequencesmentioning

confidence: 99%

Does Financial Literacy Moderate the Relationship among Demographic Characteristics and Financial Risk Tolerance? Evidence from Egypt

Shusha¹

2017

AABFJ

View full text Add to dashboard Cite

Financial risk tolerance is certainly an important topic for researchers, investors and personal financial planners or consultants. This study purposed to investigate the effect of demographic characteristics on financial risk tolerance among Egyptians. A literature review of demographic determinants of financial risk tolerance showed dialectical results. Therefore, this study attempts to clarify the debatable issues in these results by studying the moderating role of financial literacy in relationships among demographic characteristics and financial risk tolerance. The study sample included 386 respondents representing different segments of Egyptian people. Using the hierarchical regression analysis, the results demonstrated that there were significant effects of gender, age, educational level and annual income on financial risk tolerance. Moreover, the financial literacy moderates the relationships among demographic characteristics of individuals and their tendency to take a risk. AbstractFinancial risk tolerance is certainly an important topic for researchers, investors and personal financial planners or consultants. The study purposed to investigate the effect of demographic characteristics on financial risk tolerance among Egyptians. A literature review of demographic determinants of financial risk tolerance showed dialectical results. Therefore, this study attempts to clarify the debatable of these results by studying the moderating role of financial literacy in relationships among demographic characteristics and financial risk tolerance. The study sample included 386 respondents representing different segments of Egyptian people. Using the hierarchical regression analysis, the results demonstrated that there were significant effects of gender, age, educational level and annual income on financial risk tolerance. Moreover, the financial literacy moderates the relationships among demographic characteristics of individuals and their tendency to take a risk.JEL Classification: N25, D14, D31, G02

show abstract

Financial Literacy, Personal Financial Attitude, and Forms of Personal Debt among Residents of the UAE

Cited by 61 publications

References 15 publications

The Impact of Literacy to Shariah Financial Service Preferences

The Impact of Literacy to Shariah Financial Service Preferences

Financial Literacy and Investment Decisions Among Traders in the Techiman Municipality

Does Financial Literacy Moderate the Relationship among Demographic Characteristics and Financial Risk Tolerance? Evidence from Egypt

Contact Info

Product

Resources

About