Financial literacy among university students and its implications towards financial scams

Abdul Karim, Norzitah and Ab Wahid, Zainora and Kamarul Ariffin, Syahrul-Niza and Syed Nor, Syarifah Heryati and Nazlan, Ahmad Najib and Kassim, Salina (2023) Financial literacy among university students and its implications towards financial scams. Information Management and Business Review, 15 (3). pp. 124-128. ISSN 2220-3796

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Abstract

The acquisition of financial literacy is crucial in facilitating improved financial decision-making and promoting the long-term financial stability of individuals, families, and the nation as a whole. It is anticipated that increased levels of financial literacy, particularly among younger cohorts, will result in enhanced economic indicators, improved payment records, and more sustainable levels of debt for both people and the nation. The attainment of a high quality of life is of paramount importance for Malaysia's progression towards achieving the status of a developed nation. However, it is worth noting that a significant proportion of Malaysians, specifically one out of every three individuals, perceive their level of financial awareness to be relatively low. Moreover, a significant disparity exists in the level of financial literacy among 15-year-old pupils in OECD and partner countries, such as Malaysia. This study attempts to explore conceptually the relationship between financial literacy and its impacts on financial scams among university students. This study will increase the level of financial literacy among Malaysians before embarking on any financial investments.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Financial literacy, knowledge, financial scam, university students
Subjects:	H Social Sciences > HG Finance H Social Sciences > HG Finance > HG1501 Banking H Social Sciences > HG Finance > HG179 Personal finance H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Prof. Dr. Salina Kassim
Date Deposited:	17 Jan 2024 15:25
Last Modified:	17 Jan 2024 15:25
URI:	http://irep.iium.edu.my/id/eprint/110217

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