Mohd Azan, Nazrul Syafiq

Universiti Teknologi MARA Institutional Repository

UNIVERSITI TEKNOLOGI MARA 
FINANCIAL LITERACY LEVEL 
AMONGST YOUTH: WITH SPECIAL 
REFERENCE TO KUANTAN AREA 
NAZRUL SYAFIQ BIN MOHD AZAN 
2014470976 
Academic Writing submitted in partial fulfillment 
of the requirements for the degree of 
Bachelor in Muamalat with Honours 
Academy of Contemporary Islamic Studies 
January 2018 
AUTHOR'S DECLARATION 
I declare that the work in this academic writing was carried out in accordance with the 
regulations of Universiti Teknologi MARA. It is original and is the results of my own 
work, unless otherwise indicated or acknowledged as referenced work. This academic 
writing has not been submitted to any academic institution or non-academic institution for 
any degree or qualification. 
I hereby, acknowledge that I have been supplied with the Academic Rules and 
Regulations for Under Graduate, Universiti Teknologi MARA, regulating the conduct of 
my study and research. 
Name of Student : Nazrul Syafiq Bin Mohd Azan 
Student I.D. No. : 2014470976 
Programme : Bachelor in Muamalat -IC210 
Faculty : Academy of Contemporary Islamic Studies 
Dissertation Title : Financial Literacy Level Amongst Youth: With 
Special Reference to Kuantan Area 
Signature of Student 
Date : January 2018 
n 
ABSTRACT 
The financial literacy of Youth in Kuantan raised great concerns as people should grow in 
par as the country expands economically. Financial literacy is affected by various factors. 
Therefore, the research objective is to investigate the relationship of gender, education 
level, and occupation status on financial literacy level amongst youth in Kuantan. Both 
primary and secondary data were used in this research. The independent variables of this 
study are gender, education level, and occupation status whereas the dependent variable is 
financial literacy level which is separated into personal financial management practices, 
personal financial experiences, personal financial behaviors and personal opinion. Based 
on the findings of this research, gender, education level, and occupation status 
significantly affect financial literacy. Therefore, financial education programs should be 
developed in more interesting approaches in order to attract the participation from 
younger generation. 
in 
TABLE OF CONTENTS 
Page 
CONFIRMATION BY PANEL OF EXAMINERS i 
AUTHOR'S DECLARATION ii 
ABSTRACT iii 
ACKNOWLEDGEMENT iv 
TABLE OF CONTENTS v 
LIST OF TABLES viii 
LIST OF FIGURES ix 
CHAPTER ONE: INTRODUCTION AND BACKGROUND 
1.1 Introduction 1 
1.2 Background of The Study 1 
1.3 Scope of The Study 3 
1.4 Problem Statement 3 
1.5 Research Obj ectives 5 
1.6 Research Questions 5 
1.7 Significance of The Study 6 
1.8 Research Constraint 7 
1.9 Organizational of Study 8 
CHAPTER TWO: LITERATURE REVIEW 
2.1 Introduction 9 
2.2 Financial Literacy 9 
2.3 Gender 11 
2.4 Education Level 12 
2.5 Occupation Status 13 
2.6 Financial Literacy And Financial Behavior 14 
v 
2.7 Importance of Financial Literacy 15 
2.7.1 Saving and Retirement Planning 16 
2.7.2 Life Skills and Bargaining Power 16 
2.7.3 Financial Efficiency 16 
2.7.4 Activity in Financial Markets 17 
2.7.5 Coverage of Risk 17 
2.7.6 Self-Funding of Retirement 18 
2.7.7 Financial Inclusion 18 
2.7.8 Understanding of Government Financial Policies 18 
2.8 Determinants of Financialliteracy 19 
2.9 Evidence of Al-Quran Regarding Financial Literacy 21 
2.9.1 Wise spending 21 
2.9.2 S avings for future needs 21 
2.9.3 Avoiding debt burden 22 
CHAPTER THREE: RESEARCH METHODOLOGY 
3.1 Introduction 24 
3.2 Theoretical Framework 25 
3.2.1 Dependent variable 26 
3.2.2 Independent Variable 26 
3.3 Research Design 27 
3.3.1 Exploratory Research 27 
3.3.2 Descriptive Research 27 
3.4 Data Collection Method 28 
3.4.1 Primary Data 28 
3.4.2 Secondary Data 28 
3.5 Data Analysis 30 
3.6 Questionnaire Design 30 
3.7 Constructs Measurement 31 
3.7.1 Demographic variables 31 
VI 


Financial literacy level amongst youth: With special reference to Kuantan area / Nazrul Syafiq Mohd Azan

http://ir.uitm.edu.my/id/eprint/24118/1/PPb_NAZRUL%20SYAFIQ%20MOHD%20AZAN%20ACI%2018_5.pdf

Financial literacy level amongst youth: With special reference to Kuantan area / Nazrul Syafiq Mohd Azan

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