Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong

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...

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Main Author:	Chong, Rosita
Format:	Article
Language:	English
Published:	Faculty of Business and Management 2014
Subjects:	Personal finance. Financial literacy
Online Access:	http://ir.uitm.edu.my/id/eprint/12365/ http://ir.uitm.edu.my/id/eprint/12365/2/AJ_MOHAMAD%20AZMI%20ABDULLAH%20JEEIR%2014.pdf

id	uitm-12365
recordtype	eprints
spelling	uitm-123652019-03-12T03:38:53Z http://ir.uitm.edu.my/id/eprint/12365/ Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong Chong, Rosita Personal finance. Financial literacy 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 businesspeople 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. Faculty of Business and Management 2014 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/12365/2/AJ_MOHAMAD%20AZMI%20ABDULLAH%20JEEIR%2014.pdf Chong, Rosita (2014) Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong. Journal of Emerging Economies and Islamic Research (JEEIR), 2 (3). pp. 1-9. ISSN 2289-2559
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Personal finance. Financial literacy
spellingShingle	Personal finance. Financial literacy Chong, Rosita Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong
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 businesspeople 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	Chong, Rosita
author_facet	Chong, Rosita
author_sort	Chong, Rosita
title	Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong
title_short	Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong
title_full	Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong
title_fullStr	Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong
title_full_unstemmed	Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong
title_sort	financial literacy : an exploratory review of the literature and future research / mohamad azmi abdullah and rosita chong
publisher	Faculty of Business and Management
publishDate	2014
url	http://ir.uitm.edu.my/id/eprint/12365/ http://ir.uitm.edu.my/id/eprint/12365/2/AJ_MOHAMAD%20AZMI%20ABDULLAH%20JEEIR%2014.pdf
first_indexed	2023-09-18T22:49:07Z
last_indexed	2023-09-18T22:49:07Z
_version_	1777417425228136448

Financial literacy : an exploratory review of the literature and future research / Mohamad Azmi Abdullah and Rosita Chong

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