Muslims' Financial Management Behavior during Covid-19 Pandemic  in Indonesia and Malaysia

Moch. Khoirul Anwar; Clarashinta Canggih; Zaimy Johana Johan; Nor Farradila Abdul Aziz

doi:10.21834/e-bpj.v9iSI19.5764

Authors

Moch. Khoirul Anwar Islamic Economics Program, Faculty of Economics and Business Universitas Negeri Surabaya, Surabaya, Indonesia
Clarashinta Canggih Islamic Economics Program, Faculty of Economics and Business Universitas Negeri Surabaya, Surabaya, Indonesia
Zaimy Johana Johan Malaysia Institute of Transport (MITRANS), Universiti Teknologi MARA, Selangor, Malaysia; Technology and Supply Chain Management Studies, Faculty of Business and Management, Universiti Teknologi MARA, Malaysia
Nor Farradila Abdul Aziz Faculty of Business and Management, Universiti Teknologi MARA Selangor, Malaysia

DOI:

https://doi.org/10.21834/e-bpj.v9iSI19.5764

Keywords:

Financial Management Behavior, Pandemic, Muslims, Indonesia, Malaysia

Abstract

The COVID-19 pandemic has negatively impacted the order of life worldwide, including Indonesia and Malaysia. This study aims to capture the financial management behaviour of Muslims in Indonesia and Malaysia during the pandemic and the relation between demographic profile and financial management behaviour. This research is quantitative research utilising the chi-square test. 427 data were collected using a closed questionnaire distributed to respondents who fit the research criteria. The result concludes that both countries exhibit similar financial management behaviour. Moreover, financial management behaviour is related to monthly income in both countries.

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