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Financial Prudence through Financial Education: A Conceptual Framework for Financial Inclusion الاحتراز المالي من خلال التعليم المالي: إطار مفاهيمي للإدماج المالي

Author

Listed:
  • Laily Dwi Arsyianti

    (Lecturer at Bogor Agricultural University, Indonesia)

  • Salina Kassim

    (Associate Professor, Institute of Islamic Banking and Finance (IIiBF), International Islamic University, Malaysia)

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. تهدف هذه الورقة إلى رسم إطار لتحسين الحكمة المالية من خلال التعليم المالي والإدماج المالي لأسر ذات الدخل المنخفض في إندونيسيا. العلم والمعرفة تشكلان المواقف، والتي تؤثر تبعا على السلوك. تحتاج الأسر من حيث وظيفتها في مجال الإنتاج الاجتماعي، إلى الشعور بالأمان من الناحية المالية حتى لا تقع في الإعسار أو الإفلاس. ومن المرجح أن الأسر التي هي أكثر علما ومعرفة بالأمور المالية تقوم بسلوكيات مالية موصي بها. من خلال استهداف الفئة ذات الدخل المنخفض ببرنامج الإدماج المالي، يمكن للحكومة وممارسي التمويل الاجتماعي الإسلامي والأكاديميين أن يمكنوا هذه الفئة من التصرف بحكمة.

Suggested Citation

  • Laily Dwi Arsyianti & Salina Kassim, 2018. "Financial Prudence through Financial Education: A Conceptual Framework for Financial Inclusion الاحتراز المالي من خلال التعليم المالي: إطار مفاهيمي للإدماج المالي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(1), pages 151-166, January.
    • Handle: RePEc:abd:kauiea:v:31:y:2018:i:1:no:10:p:151-166
    DOI: 10.4197/Islec.31-1.10
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    References listed on IDEAS

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