Financial literacy competencies of Australian Muslims
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(Published version)
Date
2021
Authors
Nathie, M.
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Creative work
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Abstract
In a rapidly developing world grappling with financial uncertainty, attention is now increasingly focused on how best people manage their financial affairs and make important decisions. Both relate to financial wellbeing or feelings that instil financial security when dealing with financial needs, obligations and wealth creation. As financial dealings become more digitised, cloud-based, and impersonal, acquiring new financial skills and literacy become more compelling. While we know much about financial competencies among Australian adults from extensive and ongoing research, not much is known concerning this issue among Australian Muslims. This study provides evidence and reports on key research findings. Adopting a broad-based approach, the report explores eight areas commonly associated with financial literacy competencies. It offers an in-depth and nuanced evaluation of financial behaviour that is of interest to the public, regulators, financial institutions, researchers, as well as spurring interest among researchers in foreign jurisdictions to replicate the research model that adds to a better global understanding of financial literacy behaviour.