The Effects of Financial Knowledge, Financial Attitude and Locus of Control on Financial Well-Being among Students in Malaysian Public University: An Empirical Investigation

Rafien, Nor Shahrina Mohd; Awang, Amizatul Hawariah; Kamis, Rohaiza

doi:10.6007/ijarbss/v12-i12/15778

Cited by 2 publications

(1 citation statement)

References 6 publications

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“…This study's model has been modified to describe better the purpose of utilizing the Musharakah contract. TRA has enough capacity to explain consumer behaviour in the context of financial facilities (Rafien et al, 2022).…”

Section: Literature Reviews and Hypotheses Developmentmentioning

confidence: 99%

Venture Capital Strategies as Mediating Effects in Managing the Musharakah Contract for Islamic Banking: Malaysian Demand-side Perspectives

Mohamad¹,

Basah²,

Latib³

et al. 2023

IJARBSS

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The users (demand-side) of Malaysian Islamic banking uphold their behavioural intention toward their awareness of the need to comply with Riba-free banking, especially for entrepreneurs demanding venture capital strategies. Because of high risks, Musharakah contracts are deemed less preferred in Islamic banking. This study needs to examine the factors influencing the intention to apply venture capital strategies in the Musharakah contract. The data were collected through a survey of 286 respondents and were analyzed using the Structural Equation Modelling (SEM) AMOS. The results showed that subjective norms positively affect venture capital strategies and mediate intention via subjective norms. While the other factors are not significant, the findings contribute to the literature on venture capital strategies by demonstrating the drivers of behavioural intention and testing the mediating role of venture capital strategies and the integrated Theory of Reasoned Action (TRA) in the context of Islamic banking by introducing venture capital strategies as a potential driver of intention and as a mediator effect. Islamic banks in Malaysia have great potential to offer the Musharakah contract and mitigate risk by adopting venture capital strategies. The results of this study are vital in proposing the channelling of Islamic Corporate Social Responsibility (i-CSR) funds for the Musharakah contract as an initial step in applying venture capital strategies. Also, regulatory bodies and Islamic banks may benefit from the outcome, which provides insight into the factors they should consider to promote venture capital strategies in the Musharakah contract.

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Section: Literature Reviews and Hypotheses Developmentmentioning

confidence: 99%

Venture Capital Strategies as Mediating Effects in Managing the Musharakah Contract for Islamic Banking: Malaysian Demand-side Perspectives

Mohamad¹,

Basah²,

Latib³

et al. 2023

IJARBSS

View full text Add to dashboard Cite

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The Role of Financial Behavior, Financial Stress, and Financial Well-Being in Explaining Islamic Financial Literacy among University Students

Doloh,

Redzuan

2023

J. Fin. Bank. Review

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Objective – The objectives of the study are to assess the level of students’ knowledge of Islamic finance and examine their financial behavior (FB), financial stress (FS), and financial well-being (FWB). Methodology – The study applies a quantitative research method with primary data collection using a non-probability convenience sampling technique. The questionnaires were distributed to 155 students, including undergraduate and postgraduate students. Findings and Novelty –The study concludes that only the financial well-being hypothesis was supported, meaning that financial well-being influences the level of Islamic financial literacy (IFL). The study contributes to the various stakeholders. For the government authority, this study can be a reliable benchmark for the level of Islamic financial literacy among university students. For the university authority, this study helps the university assess students’ Islamic financial literacy level. For the Islamic financial industry, it tells what needs to be improved by the community members. Moreover, this study contributes to the existing literature on Islamic financial literacy. The study also recommends future research to study other variables related to Islamic financial literacy and include a wider sample from different universities. Type of Paper: Empirical JEL Classification: I22, M29, O16 Keywords: Islamic financial literacy; financial behaviors; financial stress; financial well-being Reference to this paper should be made as follows: Doloh, A; Redzuan, N.H. (2023). The Role of Financial Behavior, Financial Stress, and Financial Well-Being in Explaining Islamic Financial Literacy among University Students, J. Fin. Bank. Review, 8(1), 43 – 57. https://doi.org/10.35609/jfbr.2023.8.1(2)

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The Effects of Financial Knowledge, Financial Attitude and Locus of Control on Financial Well-Being among Students in Malaysian Public University: An Empirical Investigation

Cited by 2 publications

References 6 publications

Venture Capital Strategies as Mediating Effects in Managing the Musharakah Contract for Islamic Banking: Malaysian Demand-side Perspectives

Venture Capital Strategies as Mediating Effects in Managing the Musharakah Contract for Islamic Banking: Malaysian Demand-side Perspectives

The Role of Financial Behavior, Financial Stress, and Financial Well-Being in Explaining Islamic Financial Literacy among University Students

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