DO ISLAMIC VALUS AFFECT MUSLIM DONATION AND FINANCIAL BEHAVIOR?
DOI:
https://doi.org/10.55197/qjssh.v7si4.1591Keywords:
Islamic values, financial behavior, Muslim, SmartPLSAbstract
This study examines the effect of Islamic values on donation and financial behaviors among Muslims in Indonesia and Malaysia; two nations that share cultural similarities yet differ in economic development. Using a quantitative research design, data were gathered from 427 respondents through structured, closed-ended questionnaires and analyzed via Structural Equation Modelling (SEM) with SmartPLS software. The results indicate that while donation behaviors are largely uniform between the two groups, notable differences emerge in their financial practices. These findings suggest that, although a common religious foundation underpins donation behavior, factors such as income levels, financial literacy, and institutional frameworks significantly shape financial decision-making. The study underscores the importance of broadening future research to include additional determinants, such as trust in financial systems, access to Islamic financial services, and socio-psychological factors. Furthermore, expanding comparative analyses to encompass Muslim populations in a wider range of cultural, economic, and regulatory settings would provide deeper insights into how Islamic values interact with contemporary financial behaviors.
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