Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson

This article presents the findings on the study that determines the factors which influence financial literacy of bankers around Kuala Lumpur in term of Islamic financial products. The Governor of Central Bank of Malaysia pointed out several years ago that in order to make Islamic financial products...

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Main Author:	Alex, Anderson
Format:	Article
Language:	English
Published:	Faculty of Business and Management 2015
Online Access:	http://ir.uitm.edu.my/id/eprint/12380/ http://ir.uitm.edu.my/id/eprint/12380/2/AJ_MOHAMAD%20AZMI%20ABDULLAH%20JEEIR%2015.pdf

id	uitm-12380
recordtype	eprints
spelling	uitm-123802019-03-12T02:57:10Z http://ir.uitm.edu.my/id/eprint/12380/ Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson Alex, Anderson This article presents the findings on the study that determines the factors which influence financial literacy of bankers around Kuala Lumpur in term of Islamic financial products. The Governor of Central Bank of Malaysia pointed out several years ago 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 to facilitate transactions, with a clear understanding and appreciation of the unique characteristics and features of Islamic Finance and its real economic value. However, to date there is scarcity in the studies of Islamic financial literacy in Malaysia. This is proven when Kayed (2008) queries if there are any attempts by the research community to assess levels of Islamic financial literacy in various Muslim communities. In addition, Ahmad (2010) also points out the importance of Islamic financial literacy. These issues have actually motivated the current study to review available literatures on financial literacy mainly focusing on the Islamic financial literacy. The objectives of this study are (i) determine if the bankers possess adequate financial literacy to undertake financial decision with respect to Islamic financial products and services, and (ii) identify the significant factors that influence Islamic financial literacy among bankers. Factor analysis is used in order to identify those factors that indicate banker’s Islamic financial literacy. The findings reveal that nine factors determine banker’s financial literacy on Islamic financial products and services. Faculty of Business and Management 2015 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/12380/2/AJ_MOHAMAD%20AZMI%20ABDULLAH%20JEEIR%2015.pdf Alex, Anderson (2015) Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson. Journal of Emerging Economies and Islamic Research (JEEIR), 3 (2). pp. 1-16. ISSN 2289-2559
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
description	This article presents the findings on the study that determines the factors which influence financial literacy of bankers around Kuala Lumpur in term of Islamic financial products. The Governor of Central Bank of Malaysia pointed out several years ago 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 to facilitate transactions, with a clear understanding and appreciation of the unique characteristics and features of Islamic Finance and its real economic value. However, to date there is scarcity in the studies of Islamic financial literacy in Malaysia. This is proven when Kayed (2008) queries if there are any attempts by the research community to assess levels of Islamic financial literacy in various Muslim communities. In addition, Ahmad (2010) also points out the importance of Islamic financial literacy. These issues have actually motivated the current study to review available literatures on financial literacy mainly focusing on the Islamic financial literacy. The objectives of this study are (i) determine if the bankers possess adequate financial literacy to undertake financial decision with respect to Islamic financial products and services, and (ii) identify the significant factors that influence Islamic financial literacy among bankers. Factor analysis is used in order to identify those factors that indicate banker’s Islamic financial literacy. The findings reveal that nine factors determine banker’s financial literacy on Islamic financial products and services.
format	Article
author	Alex, Anderson
spellingShingle	Alex, Anderson Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson
author_facet	Alex, Anderson
author_sort	Alex, Anderson
title	Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson
title_short	Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson
title_full	Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson
title_fullStr	Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson
title_full_unstemmed	Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson
title_sort	islamic financial literacy among bankers in kuala lumpur / mohamad azmi abdullah and alex anderson
publisher	Faculty of Business and Management
publishDate	2015
url	http://ir.uitm.edu.my/id/eprint/12380/ http://ir.uitm.edu.my/id/eprint/12380/2/AJ_MOHAMAD%20AZMI%20ABDULLAH%20JEEIR%2015.pdf
first_indexed	2023-09-18T22:49:10Z
last_indexed	2023-09-18T22:49:10Z
_version_	1777417427392397312

Islamic financial literacy among bankers in Kuala Lumpur / Mohamad Azmi Abdullah and Alex Anderson

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