Article Sidebar

Download
PDF

Main Article Content

Abstract

The development of the Islamic finance industry in Indonesia is growing rapidly, including among students at public universities. However, students' perceptions of the advantages of Islamic financial products still vary. This study aims to identify and analyze students' perceptions of the advantages of Islamic financial products at several state universities in Java. The method used in this study is a quantitative approach using a survey as a data collection instrument. The research sample consisted of 300 students who were randomly selected at several state universities that have Islamic economics study programs. The data obtained were then analyzed using descriptive statistics and linear regression. The results showed that the majority of students have a positive perception of Islamic financial products, especially in terms of compliance with sharia principles, fairness, and transparency. However, students' perceptions regarding profitability and diversity of Islamic financial products still need to be improved. The findings suggest the importance of increasing Islamic financial literacy among university students so that they can better understand the advantages of Islamic financial products in more depth and applicability in their daily lives.

Keywords

student perceptions Islamic financial products financial literacy public universities product excellence

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

References

  1. Aziz, S. (2020). Social influence in investment decisions for Islamic financial products among university students. Journal of Islamic Economics, 12(2), 103-118.
  2. Bakar, R. (2019). Transparency and fairness in Islamic financial products. Journal of Islamic Finance and Business, 8(1), 45-60.
  3. Firdaus, M. (2020). Diversity of Islamic financial products in Indonesia: Opportunities and challenges. Journal of Islamic Economics and Finance, 11(1), 80-95.
  4. Fauzi, A. (2021). Advantages and challenges of Islamic financial products in Indonesia. Journal of Islamic Economics and Finance, 7(3), 124-138.
  5. Harahap, S. (2021). The role of peers in student financial decisions. Journal of Sharia Social Economics, 9(1), 75-85.
  6. Hidayat, A., & Sari, N. (2021). Islamic financial literacy and its influence on investment decisions. Journal of Islamic Economics and Islamic Finance, 10(4), 122-137.
  7. Kholid, M. (2020). Improving Islamic financial literacy through higher education. Journal of Islamic Economic Education, 5(2), 112-130.
  8. Lubis, A. (2019). The effect of financial literacy on student financial decisions. Journal of Islamic Economics and Business, 14(3), 143-160.
  9. Nuryana, R. (2020). Islamic financial literacy in the younger generation: A case study. Journal of Islamic Management and Finance, 11(2), 65-79.
  10. Rahman, M., & Laila, R. (2019). Acceptance of Islamic financial products among university students. Journal of Islamic Economic Studies, 14(3), 45-58.
  11. Sari, R. (2018). Public perception of Islamic finance in Indonesia: An empirical study. Journal of Islamic Finance, 9(2), 88-100.
  12. Sudarsono, M. (2020). The role of higher education in improving Islamic financial literacy. Journal of Economic Education, 7(1), 50-68.
  13. Zainuddin, M. (2020). Constraints in the adoption of Islamic financial products in Indonesia. Journal of Islamic Economics and Finance, 13(1), 55-67.
  14. Yusuf, M. (2021). Study of Islamic financial literacy of economics students: Analysis of influencing factors. Journal of Islamic Economics, 17(3), 123-138.
  15. Kamali, M. H. (2008). Maqasid al-Shari'ah: A methodology for the Islamic economic system. Cambridge: Islamic Texts Society.
  16. Auda, J. (2008). Maqashid al-Shariah as philosophy of Islamic law: A systems approach. Islamic Research and Training Institute, Islamic Development Bank.