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Financial prudence through financial education: A conceptual framework for financial inclusion

Arsyianti, Laily Dwi and Kassim, Salina (2018) Financial prudence through financial education: A conceptual framework for financial inclusion. Journal of King Abdulaziz University, Islamic Economics, 31 (1). pp. 151-166. ISSN 7383-1018

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Abstract

This paper aims to develop a framework to improve financial prudence through financial education and financial inclusion for low-income households in Indonesia. Knowledge shapes attitude, which later influences behavior. A household, in terms of its social production function, needs to feel secure financially in order not to fall into insolvency or bankruptcy. Households that are equipped with better financial education and knowledge are more likely to undertake recommended financial behaviors. By targeting the low-income group through a financial inclusion agenda, the government, Islamic social finance practitioners, and academicians enable low-income households to act with financial prudence.

Item Type: Article (Journal)
Additional Information: 4600/64538
Uncontrolled Keywords: financial behavior, financial inclusion, financial education, low-income households.
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes: Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr Salina Kassim
Date Deposited: 02 Jul 2018 10:29
Last Modified: 28 Aug 2018 16:16
URI: http://irep.iium.edu.my/id/eprint/64538

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