Islamic Financial Literacy Level in Jayapura City

Muhamad Zainal Abidin; Fachrudin Fiqri Affandy; Ira Eka Pratiwi; Abd. Karman

doi:10.24252/lamaisyir.v9i2.32283

Muhamad Zainal Abidin Institut Agama Islam Negeri Fattahul Muluk Papua
(ID)
Fachrudin Fiqri Affandy Institut Agama Islam Negeri Fattahul Muluk Papua
(ID)
Ira Eka Pratiwi Graduate School of Pan-Pacific, Kyung Hee University
(KP)
Abd. Karman Institut Agama Islam Negeri Fattahul Muluk Papua
(ID)

DOI: https://doi.org/10.24252/lamaisyir.v9i2.32283

Keywords: Islamic Financial Literacy

Abstract

Complete and credible information is of course very much needed by the community. This will affect people's attitudes in making decisions about financial institutions. This study aims to determine the level of financial literacy of the people of Jayapura City, Papua Province. The object of this research is the people of Jayapura City and the subject of research is public knowledge of Islamic financial institutions, financial management, and public confidence in managing finances. The data used in this study is primary data through a questionnaire. A sample of 230 respondents. Data processing with SPSS with a percentage descriptive analysis approach. The results showed that the level of Islamic financial literacy in the Jayapura city community was still low, namely only 41%. This is due to the lack of education about finance to the public, as well as the lack of public interest in using sharia products. The underlying factors are due to gender, income level, education, and occupation. This research is expected to be the basis of reference for policy making by policy makers in the city of Jayapura.

References

Adi, F., Sumarwan, U., & Fahmi, I. (2017). The Influence of Attitude, Subjective Norm, Demography, Sosioeconomic and Shariah and Conventional Financial Literacy Toward Entrepreneurship Intention Among College Students. In Jurnal Al-Muzara’ah (Vol. 5, Issue 1).

Adiyanto, M. R., & Purnomo, A. S. D. (2021). Dampak Tingkat Literasi Keuangan Syariah Terhadap Minat Menggunakan Produk Keuangan Syariah. Jurnal Administrasi Kantor, 9(1), 1–12.

Anisah, N., & Crisnata, H. F. (2021). Analisis Tingkat Literasi Keuangan Pengguna Fintech Payment OVO. JAD : Jurnal Riset Akuntansi & Keuangan Dewantara, 4(1), 46–58. https://doi.org/10.26533/jad.v4i1.752

Atkinson, A., Messy, F.-A., Rabinovich, L., & Yoong, J. (2015). Financial Education for Long-term Savings and Investments. 39. https://doi.org/https://doi.org/https://doi.org/10.1787/5jrtgzfl6g9w-en

BPS Kota Jayapura. (2019). BPS Kota Jayapura. BPS.

Brown, M., & Graf, R. (2013). Financial Literacy and Retirement Planning in Switzerland. Numeracy, 6(2). https://doi.org/10.5038/1936-4660.6.2.6

Chaidir, T., Suprapti, I. A. P., Arini, G. A., & Ismiwati, B. (2020). Determinan Literasi Keuangan pada Pelaku Usaha Mikro, Kecil, dan Menengah (UMKM) di Kota Mataram. Elastisitas - Jurnal Ekonomi Pembangunan, 2(1), 1–19. https://doi.org/10.29303/e-jep.v2i1.15

Chen, & Volpe. (1998). An analysis of personal financial literacy among college students. Financial Services Review, 7(2), 107–128. https://doi.org/10.1016/S1057-0810(99)80006-7

Dinc, Y. (2021). Islamic financial literacy scale: an amendment in the sphere of contemporary financial literacy. ISRA International Journal of Islamic Finance, 13(2), 251–263. https://doi.org/10.1108/IJIF-07-2020-0156

Djuwita, D., & Yusuf, A. A. (2018). Tingkat Literasi Keuangan Syariah Di Kalangan UMKM Dan Dampaknya Terhadap Perkembangan Usaha. Al-Amwal : Jurnal Ekonomi Dan Perbankan Syari’ah, 10(1), 105. https://doi.org/10.24235/amwal.v10i1.2837

Hariyanti, H., & Artiyany, M. (2020). Tingkat Literasi Keuangan Mahasiswa dan Faktor-Faktor Yang Mempengaruhinya pada Sekolah Tinggi Ilmu Ekonomi Tri Dharma Nusantara Makassar. Al-Buhuts. https://www.journal.iaingorontalo.ac.id/index.php/ab/article/view/1789

Khotimah, K. (2019). Nomor 2-Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Surabaya. In Jurnal Ilmu Manajemen (Vol. 7).

Liaqat, F. (2021). Demographic and socio-economic differences in financial information literacy among university students. Information Development, 37(3), 376–388. https://doi.org/10.1177/0266666920939601

Nanda, T. S. F., Ayumiati, & Wahyu, R. (2019). Tingkat Literasi Keuangan Syariah : Studi Pada. JIHBIZ: Global Journal of Islamic Banking and Finance, 1(2), 141–152.

Noor, N., Batool, I., & Arshad, H. M. (2020). Financial literacy, financial self-efficacy and financial account ownership behavior in Pakistan. Cogent Economics & Finance, 8(1), 1806479. https://doi.org/10.1080/23322039.2020.1806479

OJK. (2022). Siaran Pers OJK. Ojk.Go.Id. https://www.ojk.go.id/id/berita-dan-kegiatan/siaran-pers/Pages/Survei-Nasional-Literasi-dan-Inklusi-Keuangan-Tahun-2022.aspx

Otoritas Jasa Keuangan. (n.d.). Literasi Keuangan. Ojk.Go.Id. https://www.ojk.go.id/id/kanal/edukasi-dan-perlindungan-konsumen/Pages/Literasi-Keuangan.aspx

Otoritas Jasa Keuangan. (2019, November). Survei OJK 2019 Indeks Literasi Dan Inklusi Keuangan. Deputi Komisioner Hubungan Masyarakat Dan Manajemen Strategis.

Potrich, A. C. G., Vieira, K. M., & Kirch, G. (2015). Determinantes da Alfabetização Financeira: Análise da Influência de Variáveis Socioeconômicas e Demográficas. Revista Contabilidade & Finanças, 26(69), 362–377. https://doi.org/10.1590/1808-057x201501040

Ramly, A., & Fahlauddin, F. (2022). Analisis Literasi Keuangan pada Mahasiswa STAIN Teungku Dirundeng Meulaboh. Bertuah, 3(1), 37–53.

Rizal, M., Mustapita, A. F., Kartika Sari, A. F., Fakhriyyah, D. D., & Taqwiem, A. (2022). Sosialisasi, Literasi dan Implementasi Produk Perbankan Syariah. Kaibon Abhinaya : Jurnal Pengabdian Masyarakat, 4(1), 8–17. https://doi.org/10.30656/ka.v4i1.3514

Rusnawati, R., Farild, M., & MS, E. I. (2022). The Fintech E-Payment: The Impact to Financial Behavior. LAA MAISYIR : Jurnal Ekonomi Islam, 9(1 SE-), 20–32. https://doi.org/10.24252/lamaisyir.v9i1.23793

Sianturi, R. H., Tanjung, A. F., Leong, C.-M., Puah, C.-H., & Brahmana, R. K. (2017). Financial Liberalization and Divisia Money Demand in Indonesia. Advanced Science Letters, 23(4), 3155–3158. https://doi.org/10.1166/asl.2017.7683

Sugiyono. (2013). Metode Penelitian Kualitatif dan Kombinasi. In Alfabeta. Alfabeta.

Sulistyowati. (2022). Problematika Eksistensi Modal Ventura Syariah Dalam Perspektif Ekonomi Islam (Studi Pada Perusahaan Permodalan Nasional Madani ventura Syariah Jakarta). Jurnal Lentera : Kajian Keagamaan, Keilmuan Dan Teknologi, 19(2), 245–259.

Ubaidillah, U., & Hasanah, M. N. (2021). Analisis Tingkat Literasi Keuangan Syariah Masyarakat Sangkanayu Mrebet Kabupaten Purbalingga. Negotium: Jurnal Ilmu Administrasi Bisnis, 4(2), 188. https://doi.org/10.29103/njiab.v4i2.5160

Wang, Y., Xu, X., & Zhang, J. (2021). Optimal Investment Strategy for DC Pension Plan with Stochastic Income and Inflation Risk under the Ornstein–Uhlenbeck Model. Mathematics, 9(15). https://doi.org/10.3390/math9151756

Zahra, D. R. (2021). The Influence of Lifestyle, Financial Literacy, and Social Demographics on Consumptive Behavior. Journal of Asian Finance, Economics and Business, 8(2), 1033–1041. https://doi.org/10.13106/jafeb.2021.vol8.no2.1033