An Islamic Approach to Educate Children on Financial Literacy

Naila M Tazkiyyah; Didin  Hafidhuddin; Ibdalsyah Ibdalsyah; Hendri  Tanjung

doi:10.55927/ijbae.v4i1.13134

Authors

Naila M Tazkiyyah Universitas Ibnu Khaldun Bogor
Didin Hafidhuddin Universitas Ibnu Khaldun Bogor
Ibdalsyah Ibdalsyah Universitas Ibnu Khaldun Bogor
Hendri Tanjung Universitas Ibnu Khaldun Bogor

DOI:

https://doi.org/10.55927/ijbae.v4i1.13134

Keywords:

Children, Financial, Literacy, Education, Islamic

Abstract

This study aims to explore the Islamic perspective on financial literacy education for children and to analyze whether the Qur'an and Hadith provide guidance on managing wealth, assets, and financial decision-making. The research employs a library research methodology, gathering data and documents from primary and secondary sources. Content analysis was used as the data analysis method to refine and expand upon existing theories. The findings reveal that, based on the interpretation of several Qur'anic verses, Hadiths (including insights into the wealth and economic practices of the Prophet Muhammad), and Islamic literature, the Islamic perspective recognizes financial literacy education for children as an essential component. However, its practical application must be tailored to align with the developmental stages of children.

Downloads

Download data is not yet available.

References

Abdullah, M. A., & Anderson, A. 2015. Islamic financial literacy among bankers in Kuala Lumpur. Journal of Emerging Economies and Islamic Research, 3(2).

Ahmad, Hidayatullah.2007. Ensiklopedia Pendidikan Anak Muslim. Jakarta, Fikr.

Al-Tamimi, H. A., & Kalli, A. A. B. 2009. Financial literacy and investment decisions of UAE investors. The Journal of Risk Finance, 10(5), 500-516.

Amagir, Aisa., et al. 2018. “A Review of Financial-Literacy Education Programs for Children and Adolescents.” Citizenship, Social and Economics Education, Vol. 17 (1) p56-80

Andiko, Toha. 2016. Konsep Harta dan Pengelolaannya dalam Al-Quran. A Intaj Vol. 2, No. 1, Maret 2016

Arsyianti, L. D., Kassim, S., & Adeyemi, A. A. 2018. “Enhancing Financial Education: Debt-Taking and Charity-Giving Context in Indonesia.” Li Falah: Jurnal Studi Ekonomi dan Bisnis Islam, 3(2), p32-49

As-Samman, Abdul Fattah. 2018. Harta Nabi: Sumber, Pembelanjaan dan Wakaf, Jakarta, Pustaka Al-Kautsar.

Az-Zuhaili, Wahbah. 2011. Fiqih Islam wa Adillatuhu Jilid 5, Depok, Gema Insani.

Baqi, Muhammad Fuad Abdul. 2001. Mu’jam Mufahras li al-Faz Al-Qur’an al-Karim, (Kairo: Dar al-Hadits, 2001), h. 778-779

Beik, Irfan Syauqi & Arsyianti, Laily D. 2020. “Islamic Financial Literacy in Muslim Majority Country.” Islaminomics: Journal of Islamics, Business and Finance. Vol. 10 (2) p. 87 – 101

Boon, T. H., Ye, H. S., & Ting, H. W. 2011. “Financial literacy and personal financial planning in Klang Valley Malaysia”. International Journal of Economics and Management, 5(1), 149–168.

Breuer, W, Riesener, M, & Salzmann, AJ. 2014, ‘Risk aversion vs. individualism: what drives risk taking in household finance?’, The European Journal of Finance, vol. 20, no. 5, pp. 446-462. doi: https://doi.org/10.1080/1351847X.2012.714792.

Child and Youth Finance International (CYFI) (2016). Training Course on: Fostering National Financial Education Strategies. Podgorica: CYFI and GIZ.

Dalkilic, N., & Kirkbesoglu, E. 2015. The role of financial literacy on the development of insurance awareness. International Journal of Economics and Finance, 7(8), 272-280.

Er, B. & Mutlu, M. 2017. Financial Inclusion and Islamic Finance: A Survey of Islamic Financial Literacy Index . International Journal of Islamic Economics and Finance Studies , 3 (2) , 0-0 . DOI: 10.25272/j.2149-8407.2017.3.2.02

Fabris, Nikola & Luburić Radoica. 2016 Financial Education of Children and Youth. Journal of Central Banking Theory and Practice, , 2, pp. 65-79

Gunawan, A., Asmuni, A., & Siregar, S. (2021). Islamic Financial Literacy and Financial Behavior: The case of Muhammadiyah Community in Medan City. Journal of Accounting and Investment, 22(3), 500-516.

Hamid, AHA & Nordin, NAM. 2001, ‘A study on Islamic banking education and strategy for the new millennium - Malaysian experience’, International Journal of Islamic Financial Services, vol. 2, no. 4, pp. 3-11.

Hsiao, Y., & Tsai, W. 2017. Financial literacy and participation in the derivatives markets. Journal of Banking and Finance, 88, 15-29.

Investopedia. (2016). Teaching Financial Literacy to Children. Diambil dari http://www.investopedia.com/university/teaching-financial-literacychildren/

Kehiaian, S. E. 2012. “Factors and Behaviors That Influence Financial Literacy in US Households.” Dissertation. Nova Southeastern University.

Kementerian Pendidikan dan Kebudayaan. 2017. Materi Pendukung Literasi Finansial.

Klapper, Leora; Lussardi, Annamaria; Oudheusden, Peter. 2015. Financial Literacy Around the World: insights from the standard & poor’s ratings services global financial literacy survey.

L. Klapper & A. Lusardi. 2015. Financial Literacy Around the World.

Mahdzan N. S. & Tabiani, S. 2013. The Impact of Financial Literacy on Individual Saving: An Exploratory Study in The Malaysian Context. Transformations in Business & Economics, 12(1(28)), 41–55.Manners, Vol I, No.2, Oktober

Novieningtyas , Annisaa. 2018. Pentingnya Edukasi Literasi Keuangan Sejak Dini.

OECD Report. 2017.

OECD/INFE Report on Financial Education in APEC Economies. Financial Education in APEC Economies. 2019

Organization for Economic Cooperation and Development (OECD) (2005). Recommendation on Principles and Good Practices for Financial Education and Awareness; Recommendation of the Council. Paris: OECD.

Organization for Economic Cooperation and Development (OECD) (2005a). Improving Financial Literacy. OECD, Paris: OECD.

Organization for Economic Cooperation and Development (OECD) (2012). PISA 2012 Frameworks - Mathematics, Problem Solving and Financial Literacy. Paris: OECD.

Organization for Economic Cooperation and Development (OECD) (2012a). The High-level Principles on National Strategies for Financial Education. Paris: OECD.

Organization for Economic Cooperation and Development (OECD) (2014). PISA 2012 Results: Students and Money: Financial Literacy Skills for the21st Century (Volume VI). Paris: OECD.

Otoritas Jasa Keuangan. 2019. Survei Nasional Literasi dan Inklusi Keuagan tahun 2019.

Ping LUO,2014, Apec Guidebook on financial and Economic Literacy in Basic Education, National Institute of Education Sciences of China.

Rahim, S. H. A., Rashid, R. A., & Hamed, A. B. (2016). Islamic financial literacy and its determinants among university students: An exploratory factor analysis. International Journal of Economics and Financial Issues, 6(S7), 32-35.

Rajan, S & Santhakumar, S. 2018, ‘Diffusion of crisis signals across the world: evidence from subprime crisis of 2008- 2009’, International Journal of Emerging Markets, vol. 13, no. 2, pp. 410-430. doi: https://doi.org/10.1108/IJoEM-04- 2017-0113.

Rapih.Subroto, 2016.Pendidikan Literasi Keuangan pada Anak: Mengapa dan Bagaimana. Scholaria,Vol.6 No.2 P.14-28

Saputra, Jumadil & Susanti, Dwi. 2021. “A Study of Several Financial Literacy Teaching Methods for Children”. International Journal of Ethno-Sciences and Education Research Vol. 1, No. 2, pp. 7-10

Schneider, F. 2015, ‘Size and development of the shadow economy of 31 European and 5 other OECD countries from 2003 to 2014: different developments?’, Journal of Self-Governance and Management Economics, vol. 3, no. 4, pp. 7-29.

Setyowati, Arum, Harmadi, Harmadi, Sunarjanto, Sunarjanto. 2018. Islamic Financial Literacy and Personal Financial Planning: A Socio-Demographic Study. Jurnal Keuangan dan Perbankan, 22(1): 63–72.

Siluanov G. (2013). G20 National Financial Literacy Strategies. Taken from http://en.g20russia.ru/news/20130905/782412777.html.

Suwaid, Muhammad Nur A.H. 2010. Prophetic Parenting: Cara Nabi Mendidik Anak. Yogyakarta, Pro-U Media.

Ulwan, Abdullah Nashih. 2013. Tarbiyatul Aulad. Jakarta, Khatulistiwa Press.