The Influence Of Islamic Income And Financial Literacy On The Decision To Finance In Islamic Banks

saparuddin saparuddin (IAIN Padangsidimpuan, Indonesia)
Windari windari (IAIN Padangsidimpuan, Indonesia)
azwar hamid (IAIN Padangsidimpuan, Indonesia)
ananda anugrah (IAIN Padangsidimpuan, Indonesia)

Abstract


The results of the initial survey of traders in Panyabungan District as many as 37 out of 50 chose credit from conventional banks over financing in Islamic banks. The decrease in people's income levels drastically due to coronavirus disease, resulting in lowering people's purchasing power so that it will affect the income of traders.The low Islamic financial literacy that occurs in the community, which is only 8.93%, is far below the national financial literacy of 38.03%. The formulation of the problem in this study is whether income has an effect on traders' decisions to finance at Islamic banks in Panyabungan District? Does Islamic financial literacy affect traders' decisions to finance at Islamic banks in Panyabungan District? Do income and Islamic financial literacy simultaneously affect the decision of traders to do financing at Islamic banks in Panyabungan District?. This research is quantitative research.The sample in this study amounted to 70 respondents using the incidental sampling technique. The data analysis techniques used are validity test, reliability test, descriptive statistical analysis test, normality test, multicollinearity test, heteroscedasticity test, multiple linear regression test, t-test, and F test. The results of the study used the t-test of income with –ttable ≤ tcount  ≤  ttable (-1.66792 ≤ - 1.304 ≤ 1.66792) with sig. 0.197 > 0.1, it can be concluded that income has no effect on the decision of traders to finance at Islamic banks in Panyabungan District, Islamic financial literacy with tcount > ttable (3.646 > 1.66792) with a sign. 0.001 < 0.1, it can be concluded that Islamic financial literacy affects the decision of traders to finance at Islamic banks in Panyabungan District. The results of the F test show that Fcount is 7.232 > Ftable is 2.38 with a sign. 0.001 < 0.1, so it can be concluded that income and Islamic financial literacy simultaneously affect the decision of traders to finance at Islamic banks in Panyabungan District.

The results of the initial survey of traders in Panyabungan District as many as 37 out of 50 chose credit from conventional banks over financing in Islamic banks. The decrease in people's income levels drastically due to coronavirus disease, resulting in lowering people's purchasing power so that it will affect the income of traders.The low Islamic financial literacy that occurs in the community, which is only 8.93%, is far below the national financial literacy of 38.03%. The formulation of the problem in this study is whether income has an effect on traders' decisions to finance at Islamic banks in Panyabungan District? Does Islamic financial literacy affect traders' decisions to finance at Islamic banks in Panyabungan District? Do income and Islamic financial literacy simultaneously affect the decision of traders to do financing at Islamic banks in Panyabungan District?. This research is quantitative research.The sample in this study amounted to 70 respondents using the incidental sampling technique. The data analysis techniques used are validity test, reliability test, descriptive statistical analysis test, normality test, multicollinearity test, heteroscedasticity test, multiple linear regression test, t-test, and F test. The results of the study used the t-test of income with –ttable ≤ tcount  ≤  ttable (-1.66792 ≤ - 1.304 ≤ 1.66792) with sig. 0.197 > 0.1, it can be concluded that income has no effect on the decision of traders to finance at Islamic banks in Panyabungan District, Islamic financial literacy with tcount > ttable (3.646 > 1.66792) with a sign. 0.001 < 0.1, it can be concluded that Islamic financial literacy affects the decision of traders to finance at Islamic banks in Panyabungan District. The results of the F test show that Fcount is 7.232 > Ftable is 2.38 with a sign. 0.001 < 0.1, so it can be concluded that income and Islamic financial literacy simultaneously affect the decision of traders to finance at Islamic banks in Panyabungan District.


References


Ali Hardana, analisis Faktor-Faktor Yang Mempengaruhi Pendapatan Industri Kecil Di Kota Padangsidimpuan Dan Kabupaten Tapanuli Selatan | Hardana | Tazkir : Jurnal Penelitian Ilmu-ilmu Sosial dan Keislaman (iain-padangsidimpuan.ac.id)

Andrianto dan M. Anang Firmansyah. 2019. Manajemen Bank Syariah (Implementansi Teori dan Praktek). Surabaya: CV. Penerbit Qiara Media.

Anna Sardiana. 2016. “The Impact of Literacy to Shariah Financial Service Preferences.” Etikonomi 15 (1).

Chaniago, Aspizain. 2017. Teknik Pengambilan Keputusan (Pendekatan Teori & Studi Kasus). Jakarta: Lentera Ilmu Cendekia.

Copur, Zeynep. 2015. Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry. United States of America: IGI Global.

Departemen Agama RI. 2011. Al-Qur′an dan Tafsirnya (Edisi yang Disempurnakan). Jakarta: Departemen Agama RI.

Febrida Khairani, Delima Sari Lubis & Rodame Monitorir Napitupulu. 2020. “Determinan Pendapatan Rumah Tangga Muslim.” Al-Masharif: Jurnal Ilmu Ekonomi dan Keislaman 8 (2).

Hoyer, Wayne D. and Deborah J. MacInnis. 2010. Consumer Behavior, Fifth Edition. USA: South-Western Cengage Learning.

Kementerian Keuangan Direktorrat Jenderal Perbendaharaan Kantor Wilayah Provinsi Sumatera Utara. 2020. Kajian Fiskal Regional Provinsi Sumatera Utara. Medan: Ditjen Perbendaharaan Provinsi Sumatera Utara.

Kotler, Philip, et. al.,. 2017. Marketing: an Introduction. Canada: Pearson Canada Inc.

Mohamad Azmi Abdullah & Alex Anderson. 2015. “Islamic Financial Literacy Among Bankers in Kuala Lumpur.” Journal of Emerging Economies and Islamic Research 3 (2).

Muhammad Taufiq El Ikhwan. 2019. “Determinan Literasi Keuangan Syariah.” Al-Masharif: Jurnal Ilmu Ekonomi dan Keislaman 7 (1).

Noor, Juliansyah. 2011. Metodologi Penelitian: Skripsi, Tesis, Disertasi, dan Karya Ilmiah. Jakarta: Kencana.

Nutt, Paul C. And David C. Wilson, Ed. 2010. Handbook of Decision Making. United Kingdom: John Wiley & Sons Ltd.

Piros, Christopher D. & Jerald E. Pinto. 2013. Economics For Investment Decision Makers: Micro, Macro, And International Economics. Hoboken, New Jersey: John Wiley & Sons.

Potrich, Ani Caroline Grigion, Kelmara Mendes Vieira & Wesley Mendes-Da-Silva. 2016. “Development of a financial literacy model for university students.” Management Research Review 39 (3).

Priyono & Teddy Chandra. 2016. Esensi Ekonomi Makro. Sidoarjo: Zifatama Publisher.

Rike Setiawati, Sulaeman Rahman Nidar, Mokhamad Anwar, & Dian Masyita. 2018. “Islamic Financial Literacy: Construct Process and Validity.” Academy of Strategic Management Journal 17 (4).

Shinta, Agustina. 2011. Manajemen Pemasaran. Malang: Universitas Brawijaya Press (UB Press).

Siregar, Syofian. 2012. Statistika Deskriptif untuk Penelitian: Dilengkapi Perhitungan Manual dan Aplikasi SPSS Versi 17. Jakarta: Rajawali Press.

Siti Homisyah Ruwaidah. 2020. “Pengaruh Literasi Keuangan Syariah dan Shariah Governance Terhadap Keputusan Mahasiswa dalam Menggunakan Jasa Perbankan Syariah.” Muhasabatuna: Jurnal Akuntansi dan Keuangan Islam 1 (1).

Sugiyono. 2016. Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.

Widayat. 2010. “Penentu Perilaku Berinvestasi.” Ekonomika-Bisnis 1 (2).




DOI: https://doi.org/10.24952/jsb.v2i2.5041

Refbacks

  • There are currently no refbacks.


INDEKS JURNAL


TIM REDAKSI

Editor In Chief

 Managing Editor

 Editorial Board

Reviewer

It Support Team

  • Nofinawati, MA, Universitas Islam Negeri Syekh Ali Hasan Ahmad Addary Padangsidimpuan, Sumatera Utara, Indonesia

 

 

Creative Commons License 

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

 

ISSN Print:  2809-8781

ISSN Online:  2827-9344

FAKULTAS EKONOMI DAN BISNIS ISLAM

UNIVERSITAS ISLAM NEGERI SYEKH ALI HASAN AHMAD ADDARY PADANGSIDIMPUAN
Jalan T. Rizal Nurdin Km. 4,5 Sihitang Padangsidimpuan, Sumatera Utara,  Indonesia

Email: journalofsharia@uinsyahada.ac.id