Indeks Inklusi Keuangan Syariah di Indonesia

Puspitasari, Sindi; Mahri, A. Jajang W.; Utami, Suci Aprilliani

doi:10.29313/amwaluna.v4i1.5094

Cited by 17 publications

(20 citation statements)

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“…A survey by Otoritas Jasa Keuangan (OJK) revealed that the percentage of Indonesia's population who are Islamically financially literate was only 8.93 per cent in 2019 (OJK, 2017;Puspaningtyas, 2019). This percentage is far below conventional financial literacy which stood at 37.72 per cent (Puspaningtyas, 2019;OJK, 2019). This factor influences the index of public access to Islamic financial products and services (i.e., Islamic financial inclusion).…”

Section: Introductionmentioning

confidence: 99%

Generation Z’s Financial Behaviour: The Role of Islamic Financial Literacy

Patrisia¹,

Abror²,

Dastgir³

et al. 2023

IJIF

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Purpose — This research aims to examine the effect of family communication patterns on Islamic financial literacy (IFL) and risk tolerance of Generation Z (Gen Z) in Indonesia. It also examines the link between IFL, risk tolerance and financial behaviour. Finally, it highlights the moderating impact of IFL on the link between risk tolerance and financial behaviour. Design/Methodology/Approach — This study used Muslim members of Gen Z in West Sumatra Indonesia who were born between 1995 and 2001 as the population. This study collected 668 responses in two months. After some preliminary tests, such as missing value and normality test, it employed 571 usable responses as the sample. Purposive sampling was conducted and variance-based structural equation model-partial least square (SEM-PLS) was employed as the method for data analysis. Findings — The results show that family communication patterns, both conformity and conversation orientation, positively and significantly influence IFL and risk tolerance. IFL has a positive and significant impact on risk tolerance and financial behaviour. Surprisingly, IFL also moderates the link between risk tolerance and financial behaviour positively and significantly. Finally, risk tolerance significantly affects financial behaviour. Originality/Value — This research makes three theoretical contributions. First, it provides a better understanding and a more complex model of the relationship between IFL with its antecedents such as family communication patterns and also with its consequences, including risk tolerance and financial behaviour. Second, it reveals that IFL affects Gen Z’s financial behaviour significantly—an aspect which is neglected in previous research. Third, it has expanded the scope of prior studies by addressing IFL as a moderator of the link between risk tolerance and Gen Z’s financial behaviour. Research Limitations/Implications — Even though this study has carried out Harman’s single-factor analysis to anticipate a common method bias, it faces the common method bias problem due to the cross-sectional nature of the study. Secondly, the study focuses on Gen Z, which means that most of the respondents are students and their financial behaviour is still affected by the decisions of their parents. Practical Implications — This study has some contributions for decision makers such as Otoritas Jasa Kewangan (Financial Services Authority) and management of Islamic banks and financial institutions. First, to increase Gen Z’s IFL, the decision makers have to educate the parents using the two-way communication orientation method. Second, the financial behaviour of Gen Z is influenced by financial literacy and risk tolerance; hence, decision makers such as the government and society have to educate Gen Z on IFL and inform them about financial risks which influence their risk tolerance when conducting financial activities. Article Classification — Research paper

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Section: Introductionmentioning

confidence: 99%

Generation Z’s Financial Behaviour: The Role of Islamic Financial Literacy

Patrisia¹,

Abror²,

Dastgir³

et al. 2023

IJIF

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“…In 2010, Islamic financial inclusion in Indonesia only reached 0.122 and in 2015 it increased to 0.127 (Umar, 2017). Then in 2018, the sharia financial inclusion index in Indonesia increased become 0.180 level (Puspitasari et al, 2020). Based on the results of a national survey of sharia financial literacy conducted by OJK in 2016, Aceh Province has the highest sharia financial inclusion in Indonesia at the level of 8.1%.…”

Section: Introductionmentioning

confidence: 99%

“…The low of Islamic financial inclusion in the city of Pekanbaru is still understandable because Pekanbaru is a part of Riau Province, where the Islamic financial inclusion index of Riau Province is classified as low at 0.080 level and ranks 20th out of 33 provinces in Indonesia (Ali et al, 2019). Factors contributing to the low index of Islamic financial inclusion in Riau Province are accessibility which only reached 0.05, usage by 0.07, and availability by 0.28 (Puspitasari et al, 2020). With the inclusiveness of Islamic finance at a wider MSME, it is expected to be able to improve the welfare of the community and business people.…”

Section: Introductionmentioning

confidence: 99%

Determinant factor of Islamic financial inclusiveness at MSMEs: Evidence from Pekanbaru, Indonesia

Trianto

Rahmayati

Yuliaty

et al. 2021

JEKI

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Purpose -This study aims to analyze the factors that influence the inclusiveness of Islamic finance in MSMEs and its impact on their business performance.Methodology -This research uses the quantitative approach through SEM analysis. Data were collected directly from respondents using an online survey questionnaire. Respondents in this study were MSMEs who had interacted with the Islamic Banking with the total sample size of 98 MSMEs owners.Findings -The results of this study show that the socio-cultural and marketing communication variables have a positive and significant impact on Islamic financial inclusion. Meanwhile, Islamic financial literacy has a positive but insignificant impact on Islamic Financial Inclusion. Although financial literacy does not have a significant impact on Islamic financial inclusion, it has a positive and significant impact on the performance of MSMEs. Another result shows that Islamic financial inclusion has a positive and significant impact on the performance of MSMEs in Pekanbaru Originality -Research related to the Islamic Financial Inclusion in the MSMEs in Pekanbaru, Indonesia is very limited. This study will contribute to the existing literature in the area of Islamic Financial Inclusion and the development of MSMEs.

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“…Survei Nasional Literasi dan Inklusi Keuangan pada tahun 2016 memberikan data indeks inklusi keuangan syariah sebesar 11,1%, yang artinya dari setiap 100 penduduk Indonesia, hanya 11 orang yang memanfaatkan produk dan layanan jasa keuangan syariah. Pada penelitian Puspitasari et al (2020) yang membahas perhitungan inklusi keuangan syariah pada 33 provinsi di Indonesia menunjukkan bahwa tingkat inklusi keuangan syariah pada Tahun 2015-2018 mengalami perkembangan yang fluktuatif, rata-rata Indeks Inklusi Keuangan Syariah di Indonesia termasuk kategori rendah. Pemerintah memberikan perhatian besar dalam rangka upaya peningkatan pangsa pasar dan inklusi keuangan, Buku Pedoman Strategi Literasi Nasional Keuangan Indonesia menjadi salah satu implementasi kebijakan pemerintah dalam meningkatkan perkembangan Bank Syariah melalui peningkatan kompetensi sumber daya manusia.…”

Section: A Pendahuluanunclassified

Pengaruh Literasi Keuangan Syariah terhadap Keputusan Mahasiswa S-1 Unisba dalam Menggunakan Produk Bank Syariah

Saragi

Rahmi²

2022

JRIEB

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Abstract. The potential for the development of Islamic banks which are part of the existence of a sharia economy is not accompanied by a high proportion of market share and a high sharia financial inclusion index. Islamic financial literacy is present as an effort to Muslim community decisions to use Islamic Bank products, one of which is through priority targets, namely students. The purpose of this study is to analyze the influence of the three indicators of Islamic financial literacy variables as well as the most dominant indicators influencing the decisions of Unisba undergraduate students to use Islamic Bank products. The method used in this research is quantitative and analytical model namely the binary logistic regression model. The data collection technique used a questionnaire and the population of Unisba undergraduate students. The sampling thechnique was used is purposive sampling. The results of this study indicate that the three indicators of the Islamic financial literacy variable have a positive and significant effect on the decision to use Islamic bank products. In addition, according to the coefficient value in the logistic regression analysis, it shows that the ability indicator has the largest coefficient value so that it becomes the most dominant indicator in influencing the decisions of Unisba undergraduate students in using Islamic Bank products. Abstrak. Potensi perkembangan Bank Syariah yang menjadi bagian dari eksistensi ekonomi syariah tidak diiringi dengan proporsi pangsa pasar dan indeks inklusi keuangan syariah yang tinggi. Literasi keuangan syariah hadir sebagai salah satu upaya untuk mendorong keputusan masyarakat muslim menggunakan produk Bank Syariah, salah satunya melalui sasaran prioritas yaitu kalangan mahasiswa. Tujuan dari penelitian ini yaitu menganalisis pengaruh ketiga indikator variabel literasi keuangan syariah serta indikator yang paling dominan mempengaruhi keputusan mahasiswa S-1 Unisba menggunakan produk Bank Syariah. Metode yang digunakan dalam penelitian ini adalah kuantitatif dan model analisis yaitu model regresi logistik biner. Teknik pengumpulan data menggunakan kuesioner dan populasi mahasiswa S-1 Unisba. Teknik penarikan sampel menggunakan teknik purposive sampling. Hasil dari penelitian ini menunjukkan bahwa ketiga indikator dari variabel literasi keuangan syariah berpengaruh positif dan siginifikan terhadap keputusan menggunakan produk bank syariah. Selain itu, menurut nilai koefisien dalam analisis regresi logistik menunjukkan bahwa indikator kemampuan mempunyai nilai koefisien terbesar sehingga menjadi indikator paling dominan dalam mempengaruhi keputusan mahasiswa S-1 Unisba dalam menggunakan produk Bank Syariah.

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Indeks Inklusi Keuangan Syariah di Indonesia

Cited by 17 publications

References 0 publications

Generation Z’s Financial Behaviour: The Role of Islamic Financial Literacy

Generation Z’s Financial Behaviour: The Role of Islamic Financial Literacy

Determinant factor of Islamic financial inclusiveness at MSMEs: Evidence from Pekanbaru, Indonesia

Pengaruh Literasi Keuangan Syariah terhadap Keputusan Mahasiswa S-1 Unisba dalam Menggunakan Produk Bank Syariah

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