Impact of Islamic Financial Attitude on Islamic Financial Behaviour among Youth in Turkey: A Moderated Mediation Model

Abstract

This study aimed to identify Islamic financial attitudes as a consideration of Islamic financial behavior under the mediating role of Islamic financial knowledge. It also measured a moderated mediation model of awareness of the nexus between attitude and behavior through Islamic financial knowledge as a mediator. Analysis of Moment Structure (AMOS) and Statistical Package for the Social Sciences (SPSS) to compute the measurement and structural model were used. The data were collected in a city in Turkey (Trabzon). In this study, 630 questionnaires were distributed, of which 387 were included in the analysis as usable responses. The research sample consisted of young people. To improve Islamic financial literacy (IFL) among the youth, it is crucial to organize financial education programs and create financial awareness about financial attitudes and behaviors. The present study investigated an original nexus between Islamic financial attitudes and knowledge according to the theory of planned behavior and the theory of reasoned action. It contributes to the existing knowledge and understanding of the subject by contextualizing the concept of Islamic financial behavior. If we consider Islamic financial knowledge as a process, the result shows a significant nexus between the variables of this study. The findings suggest that Islamic financial knowledge serves as an important mediator between Islamic financial attitudes and behavior. Islamic financial awareness has an indirect and conditional effect on the association between Islamic financial attitudes and behavior and Islamic financial knowledge as a mediator.