This study examines the effects of religiosity and Islamic financial literacy on Muslims' financial behavior and well-being. It investigates the impact of socio-demographic variables on religiosity, financial literacy, financial management behavior, and well-being of Muslim consumers. Data from 1141 Indonesian Muslims (aged 18–65) shows that both religiosity and Islamic financial literacy significantly affect financial management behavior and well-being, with Islamic financial literacy having a more substantial effect.
Publisher
Humanities & Social Sciences Communications
Published On
Jun 25, 2024
Authors
Haykal Rafif Wijaya, Sri Rahayu Hijrah Hati, Irwan Adi Ekaputra, Salina Kassim
Tags
religiosity
Islamic financial literacy
financial behavior
financial management
well-being
Muslim consumers
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