Does Financial Attitude Mediate Relationship Between Islamic Financial Knowledge, Internal Locus of Control and Islamic Financial Behavior?

Rifaatul Indana, Galuh Tri Pambekti


This study aims to determine whether Financial Attitude is able to mediate the relationship between Islamic Financial Knowledge, Internal Locus of Control and Islamic Financial Behavior in Islamic Bank Millennial Consumers. This study uses a quantitative approach with statistical tests, the data collected was analyzed by the method of Structural Equation Modeling (SEM) using AMOS software. SEM analysis includes path analysis, confirmatory factor analysis (CFA), causal modeling with latent variables and multiple regression analysis of variance (Hair et al., 2010). This study uses four variables (see Figure 1) consisting of two exogenous variables (Islamic Financial Knowledge (IFK) and Internal Locus of Control (ILOC)), there is one mediating variable (Financial Attitude (FINA)), and one endogenous variable ( Islamic Financial Behavior (IFB)). The hypothesis test shows that the financial attitude possessed by the millennial generation is able to mediate the relationship between Islamic financial knowledge (Islamic financial knowledge) and self-control (internal locus of control) on Islamic financial behavior (Islamic financial behavior). This means that the millennial generation's attitude towards finance reflects knowledge and self-control so that they are able to demonstrate financial behavior in accordance with Islamic teachings (Islamic Finance).
Keywords: Knowledge of Islamic Finance, Internal Locus of Control, Financial Attitude, Islamic Financial Behavior.

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