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The Influence of Islamic Financial Literacy, Religiosity, and Mental Accounting on Sharia Financing Decisions: Evidence from Jakarta
Abstract
Purpose – Sharia financing decisions reflect individual choices to use financial products based on sharia principles influenced by several factors. This study analyzes the effect of Islamic financial literacy, religiosity, and mental accounting on Islamic financing decisions
Methodology - This study uses a quantitative method and uses SPSS to analyze the data collected. The subject of the study is residents in Jakarta, totaling 100 respondents.
Findings – The results show that Islamic financial literacy has no significant effect on sharia financing decisions. Religiosity and mental accounting have a positive impact. It is known that the coefficient of determination is 69%.
Implication - The findings contribute that Islamic financing decisions are influenced by psychological and spiritual factors, suggesting that consumer behavior theory in Islamic finance should integrate religious aspects with mental accounting.
Keywords
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DOI: https://doi.org/10.17509/rief.v8i2.90358
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