DEMOGRAPHIC INSIGHTS INTO FINANCIAL LITERACY: EVIDENCE FROM ASNAF YOUTH IN PERLIS, MALAYSIA
DOI:
https://doi.org/10.35631/AIJBES.725002Keywords:
Financial Literacy, Gender, Age, Education Background, Employment Status, Marital StatusAbstract
This study investigates the determinants of financial literacy among Asnaf youth in Perlis, Malaysia. Utilizing Tobit regression analysis on a sample of 100 respondents, the research examines how socio-demographic variables—namely gender, age, education background, employment status, and marital status—affect financial literacy levels. The findings reveal that gender, age, and marital status are positively and significantly associated with financial literacy, while education background and employment status show negative significant effects. These results are interpreted through the lens of Human Capital Theory and supported by elements of Shariah Governance, suggesting that individual attributes and life contexts contribute to knowledge acquisition and financial decision-making. This research not only enriches the literature on financial literacy among disadvantaged groups but also provides practical implications for the Majlis Agama Islam dan Adat Istiadat Melayu Perlis (MAIPs) in designing tailored financial empowerment programs. Limitations include the study’s geographic concentration and sample size. Future research should consider broader samples, fintech applications, and alignment with the Sustainable Development Goals (SDGs) to further empower the Asnaf community in Perlis and beyond.