Perception On Financial Literacy Among Youth: A Study On UiTM Puncak Alam Student

Muhammad Ajwad Mohd Anuwar; Faezy Adenan; Mohd Izzat Amsyar Mohd Arif; Muhammad Syahrul Deen Ahmad Rosli; Muhammad Hamizan Ab Hamid; Mohd Ridhuwan Remly

Authors

Muhammad Ajwad Mohd Anuwar Master Student
Faezy Adenan Senior Lecturer
Mohd Izzat Amsyar Mohd Arif Senior Lecturer
Muhammad Syahrul Deen Ahmad Rosli Senior Lecturer
Muhammad Hamizan Ab Hamid Senior Lecturer
Mohd Ridhuwan Remly Senior Lecturer

Keywords:

Financial, Literacy, UiTM, Student, Awareness

Abstract

The purpose of this study was to determine the level of awareness or literacy that exists among today's young people in regards to financial literacy, or how they handle their own personal finances. In addition, the purpose of this research is to investigate the factors that are closely associated with young people and that may encourage or familiarise them with financial literacy. Research conducted all over the world has shown that people, particularly younger people, have a lower level of financial literacy, which is significant. Therefore, the objective of this study is to find out the perceptions of UiTM Puncak Alam students towards financial planning. The quantitative study was conducted through a questionnaire, and 383 respondents were involved in this survey. The survey was analysed through four different factors: family, peer, media, and financial literacy factors. This study found that knowledge about financial planning. The findings of the study also mention that UiTM Puncak Alam students have a low awareness and perception of financial management and financial planning practices. Thus, a practical solution is proposed to overcome this matter and increase understanding among the younger generation.

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Author Biographies

Muhammad Ajwad Mohd Anuwar, Master Student

Akademi Pengajian Islam Kontemporari, Universiti Teknologi MARA, 40450 Shah Alam, Malaysia.

Faezy Adenan, Senior Lecturer

Academy of Contemporary Islamic Studies, Universiti Teknologi MARA, Shah Alam.

Mohd Izzat Amsyar Mohd Arif, Senior Lecturer

Faculty of Law, Universiti Kebangsaan Malaysia.

Muhammad Syahrul Deen Ahmad Rosli, Senior Lecturer

Academy of Contemporary Islamic Studies, Universiti Teknologi MARA, Shah Alam.

Muhammad Hamizan Ab Hamid, Senior Lecturer

Academy of Contemporary Islamic Studies, Universiti Teknologi MARA, Shah Alam.

Mohd Ridhuwan Remly, Senior Lecturer

Academy of Contemporary Islamic Studies, Universiti Teknologi MARA, Shah Alam.

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