Analysis of Sharia Financial Literature Factors and Planning Behavior Towards Intention to Using Sharia Banking Products During the Covid-19 Pandemic
Keywords:Sharia Financial Literature, Planning Behavior, Intention, Sharia Banking Products
The pandemic is a real challenge for the business world, including the banking financial services industry. Islamic banks as public intermediary institutions that have funds with those who need funds are required to be able to carry out their activities amid the threat of exposure to COVID-19. Islamic banking has a strategic role in Indonesia's economic development. This study will examine the Islamic financial literacy of the community and the factors of planned behavior in the intention to use Islamic banking products during the Covid-19 pandemic. The Theory of Planned Behavior (TPB) is included in the variables of this study between the variables of financial literacy and intention to use Islamic banking products. This study uses a quantitative method with PLS-Structural Equation Modeling (SEM). The sampling techniques used in this study use convenience sampling techniques. Findings. The results of this study indicate that Islamic financial literacy influences awareness, public attitudes, subjective norms, and perceptions of behavioral control. In addition, the results of the study also show that awareness, subjective norms, and perceptions of behavioral control influence the intention to use Islamic banking products.
Ajzen, I. (1991). The Theory of Planned Behavior. Organizational Behaviour and Human Decision Processes, 50, 179â€“211. https://doi.org/10.1080/10410236.2018.1493416
Ajzen, I. (2020). The theory of planned behavior: Frequently asked questions. Human Behavior and Emerging Technologies, 2(4), 314â€“324. https://doi.org/10.1002/hbe2.195
Albaity, M., & Rahman, M. (2019). The intention to use Islamic banking: an exploratory study to measure Islamic financial literacy. International Journal of Emerging Markets, 14(5), 988â€“1012. https://doi.org/10.1108/IJOEM-05-2018-0218
Antara, P. M., Musa, R., & Hassan, F. (2016). Bridging Islamic Financial Literacy and Halal Literacy: The Way Forward in Halal Ecosystem. Procedia Economics and Finance, 37(16), 196â€“202. https://doi.org/10.1016/s2212-5671(16)30113-7
Cheng, E. W. L. (2019). Choosing between the theory of planned behavior (TPB) and the technology acceptance model (TAM). Educational Technology Research and Development, 67(1), 21â€“37. https://doi.org/10.1007/s11423-018-9598-6
Hafizd, J. Z. (2020). Peran Bank Syariah Mandiri (Bsm) Bagi Perekonomian Indonesia Di Masa Pandemi Covid-19. Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah, 5(2), 138. https://doi.org/10.24235/jm.v5i2.7402
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2â€“24. https://doi.org/10.1108/EBR-11-2018-0203
Hair, J., Hollingsworth, C. L., Randolph, A. B., & Chong, A. Y. L. (2017). An updated and expanded assessment of PLS-SEM in information systems research. Industrial Management and Data Systems, 117(3), 442â€“458. https://doi.org/10.1108/IMDS-04-2016-0130
Hair Jr., J. F., Matthews, L. M., Matthews, R. L., & Sarstedt, M. (2017). PLS-SEM or CB-SEM: updated guidelines on which method to use. International Journal of Multivariate Data Analysis, 1(2), 107. https://doi.org/10.1504/ijmda.2017.10008574
Majeed, M. T. (2019). Social capital and economic performance of the Muslim world: Islamic perspectives and empirical evidence. International Journal of Islamic and Middle Eastern Finance and Management, 12(4), 601â€“622. https://doi.org/10.1108/IMEFM-02-2018-0057
Mardoni, Y., Hadziq, F., & Amsal, A. A. (2020). Predicting Intention of Halal Product Usage Among Food Seller Using Theory of Planned Behavior. Proceedings of the 2nd International Seminar on Business, Economics, Social Science and Technology (ISBEST 2019), 77â€“82. https://doi.org/https://doi.org/10.2991/aebmr.k.200522.016
Marta Anindya, A. P. :, & Hakim, L. (2021). Influence of Islamic Financial Literacy, Religiosity on Interest Customer with Moderation Promotion. Economics Education Analysis Journal, 10(2), 202â€“214. https://doi.org/10.15294/eeaj.v10i2.44566
Muttaqin, H. M., Kosim, A. M., & Devi, A. (2021). Peranan Perbankan Syariah Dalam Mendorong Usaha Mikro Kecil dan Menengah Dimasa Pandemi Covid-19. El-Mal: Jurnal Ekonomi & â€¦, 2(2), 235â€“244. Retrieved from http://www.journal.laaroiba.ac.id/index.php/elmal/article/view/393
Purwanto, Fitriyani, Y., Rosowulan, T., Saebani, Wafirah, M., & Pudail, M. (2020). The Effect of Religiosity and Social Influence on the Intention to Use Sharia Banks in Aceh Singkil Regency. 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019) The, 436(4), 997â€“1001. https://doi.org/10.2991/assehr.k.200529.209
Rabbani, M. R., Ali, M. A. M., Rahiman, H. U., Atif, M., Zulfikar, Z., & Naseem, Y. (2021). The response of islamic financial service to the covid-19 pandemic: The open social innovation of the financial system. Journal of Open Innovation: Technology, Market, and Complexity, 7(1). https://doi.org/10.3390/JOITMC7010085
Rahim, S. H. A., Rashid, R. A., & Hamed, A. B. (2016). Islamic financial literacy and its determinants among university students: An exploratory factor analysis. International Journal of Economics and Financial Issues, 6(7Special Issue), 32â€“35.
Rozikin, A. Z., & Sholekhah, I. (2020). Islamic Financial Literacy, Promotion, and Brand Image Towards Saving Intention in Sharia Bank. Iqtishadia, 13(1), 95. https://doi.org/10.21043/iqtishadia.v13i1.6489
Russo, D., & Stol, K.-J. (2021). PLS-SEM for Software Engineering Research. ACM Computing Surveys, 54(4), 1â€“38. https://doi.org/10.1145/3447580
Saifurrahman, A., & Kassim, S. (2021). Islamic Financial Literacy for Indonesian MSMEs during COVID-19 Pandemic: Issues and Importance. Journal of Islamic Finance, 10(1), 045â€“060.
Sardiana, A. (2016). The Impact of Literacy to Shariah Financial Service Preferences. Etikonomi, 15(1), 43â€“62. https://doi.org/10.15408/etk.v15i1.3115
Setyanta,Budi ; Kurniawan A, D. (2019). Does Religiosity Moderate The Influence Of Trust On The Intention To Use Sharia Banking Products. 7th AICIF UNIDA Gontor Indonesia, 102. Madiun: UNIDA Gontor Press.
Shabrina, Z., Yuliati, L. N., & Simanjuntak, M. (2018). The Effects of Religiousity, Pricing and Corporate Image on The Attitude and The Intention to Use Sharia Micro Financing. Indonesian Journal of Business and Entrepreneurship, 4(2), 197â€“206. https://doi.org/10.17358/ijbe.4.2.197
Tahliani, H. (2020). Tantangan Perbankan Syariah dalam Menghadapi Pandemi Covid-19. Madani Syariâ€™ah, 3(2), 92â€“113.